Law & Regulation Best of BusinessDesk

GAVIN EVANS: No clean hands in Matthews saga

Gavin Evans
Wed, 26 Feb 2020

GAVIN EVANS: No clean hands in Matthews saga
Gavin Evans
Wed, 26 Feb 2020
There’s a lot to be said for Japan’s ritual corporate accountability.When the nuclear dust had settled after the Fukushima meltdown in March 2011, Masataka Shimizu, president of Tokyo Electric Power Co, publicly apologised for the disaster and resigned.The buck – in this case a US$15.3 billion full-year loss from the disaster and early recovery efforts – stopped with him.It didn’t matter that Fukushima Daiichi was commissioned 40 years earlier, or that it's just one of 190 power stations TEPCO uses to deliver as much as electricity as Italy use...

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