Toshiba Accounting Scandal

3595 words 15 pages
Toshiba CSR Audit:
The Relationship between Japanese Corporate Governance and Toshiba’s Accounting Scandal
Ryan Shane
West Chester University

MGT 313-08
Dr. Fisher
March 15th, 2016
Table of Contents
Introduction……………………………………………………………………………...……………………………………………………………3
CSR Analysis…………………………………..…………………….…………………………………………………………………………………4
Stakeholder Analysis………………..………….…………………………………………………………………………………………………5
Consumer Analysis…………………….…………………………………………………………………………......................5
Shareholder Analysis……………...…………………………………………………………………………………………………6
Employee Analysis…………………….……………………………………………………………………………………………...7
Executive Management Analysis……………..………………………………………………………………………………..7
Role of Government, Business &
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That is, however, where their developed CSR policies end. This becomes more abundantly evident once one compares the post-scandal, 2015 CSR report to the pre-scandal, 2014 CSR report.
In 2015 there were a number of changes that were implemented to Toshiba’s CSR report. First, a letter of apology from Interim-CEO Masashi Muromachi stating that Toshiba would making a number of changes to its corporate governance in order to gain back the trust of its stakeholders. These changes can be found further in the report and include: * Cutting down board of directors from 16 to 11 * Requiring half of board members to be outside directors with no stake in company * Requiring all 5 members of the audit team to be outside, independent director members * Changing the corporate culture to hold less emphasis on current period profits and to have more feasible profit targets for employees * Implementing awareness programs for top members * Survey given to employees to gather opinions on cultural change

The change that appears to have the greatest pertinence to the scandal would be bullet point four-“changing the corporate culture to hold less emphasis on current period profits and to have more feasible profit targets for employees.” While not being directly responsible, executives from Toshiba placed immense pressure on

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