TSE should delist Toshiba now

The bourse should delist Toshiba and fulfil its responsibility to protect small investors. Continued trading is an indictment of Japan’s corporate governance.

The Tokyo Stock Exchange should stop retail investors trading Toshiba’s stock in an information blackout, where powerful, vested interests are building a consensus on the fate of the erstwhile national champion behind the scenes.

When even senior management admits events are transpiring beyond their control, the apocryphal Mr. and Mrs. Watanabes can not make rational investment decisions.

After all, even Toshiba's CEO Satoshi Tsunakawa said repeatedly I don't understand quite what is going on at a board meeting on December 21, according to a February report by the Nikkei business newspaper.

It was over a year and a half ago that TSE put...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222