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. The 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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