Nidec Vows Reform as Accounting Probe Set to Wrap Up Next Month
Nidec Corp. pledged to overhaul a growth-at-all-costs culture and fix weaknesses in internal controls as the company seeks to overcome an accounting scandal that’s seen its debt rating cut to...
By Nicholas Takahashi · Bloomberg Markets
Nidec Corp. pledged to overhaul a growth-at-all-costs culture and fix weaknesses in internal controls as the company seeks to overcome an accounting scandal that’s seen its debt rating cut to junk and put it at risk of delisting.