How You Can Avoid Bad Governance

Thinking Points Paying attention to the accrual ratio (or Sloan ratio) helps spot dodgy accounting. That said, Toshiba was able to circumvent the Sloan ratio, staying in the “safe zone”

The Other Side Of “Bad Governance”

Thinking Points Japan’s corporate governance, notoriously poor, actually functioned well once upon a time. Many investors, particularly the foreign ones, have been hurt by the context-dependent understanding of corporate ownership