FEATURE-Japan Inc in new era under governance yardstick

Newswire

By Miki Shimogori TOKYO, Dec 20 (Reuters) - Even Toyota Motor Corp , Japan's bluest of blue chips armed with four straight years of solid profit growth, may no longer feel safe in the country's nascent era of stepped-up corporate governance. The world's third-biggest automaker -- often cited as a prime example of a Japanese business model that puts the emphasis on workers, customers and suppliers -- is run by a 58-member board, Japan's biggest, with no outside directors. That compares ...

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