Sharp’s rescue sets a test for Japanese openness – Foxconn’s offer for the electronics group could be groundbreaking

Japan has been moving slowly to introduce a more explicitly western style of corporate governance. Old habits, however, die hard. External shareholders at Japanese companies are still not listened to anything like enough.┬áThe rescue of Sharp is an important test of Japanese openness at a time when many of its industries are undergoing a belated restructuring. If Foxconn is offering a better deal for shareholders, Sharp’s board should recommend it, without the customary backward glance

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