Environmental Auditing and Toshiba's Practices

This assignment delves into the realm of environmental auditing by focusing on Toshiba Corporation. It analyzes Toshiba's commitment to sustainability, examining their environmental audit procedures, stakeholder engagement strategies, and overall impact on the environment. The analysis draws upon various sources, including research papers, industry reports, and Toshiba's official publications, to provide a comprehensive understanding of their approach to environmental responsibility.

Action Plan

Contents
SECTION 1- CASE STUDY...........................................................................................................1
INTRODUCTION...........................................................................................................................1
BACKGROUND.............................................................................................................................1
DESCRIPTION OF KEY EVENTS................................................................................................3
Governance Issue.........................................................................................................................3
SECTION 2- CASE ANALYSIS....................................................................................................5
Company information..................................................................................................................5
Organisation Audit of Toshiba....................................................................................................6
Environmental audit.....................................................................................................................8
Stakeholder analysis..................................................................................................................10
Company Issues Identification..................................................................................................11
Analysis of Alternative strategies..............................................................................................12
Justification for choosing strategies...........................................................................................14
Resources which needs to be taken care....................................................................................14
RECOMMENDATIONS...............................................................................................................15
CONCLUSION..............................................................................................................................16
REFERNCES.................................................................................................................................17

SECTION 1- CASE STUDY
INTRODUCTION
Corporate governance is stated to be a system that is developed on the basis of rules and
processes that are controlled by organisation directly and indirectly. It is a concept that is
concerned with balancing each and every aspect that concerns a company’s stakeholders like
shareholders, suppliers, customer’s government, community and financiers. It acts as a
framework that allows an organisation in attaining its objectives in a desired manner. It
encompasses each and every sphere of management, from action plan to internal performance
control variables as well as disclosure of corporate. It is vital for the implementation of right
plans and policies within organisation so that they can attain their goals and objectives in a
stipulated time frame (Yang, 2017). This report is being prepared with an aim of understanding
issues and problems that are faced by companies in managing their operations and resources. For
this assignment, Toshiba has been chosen as an organisation on which whole study will be
conducted. It is one of the leading electronic and hardware companies that is having a highly
diversified product offerings in the market. This report will be discussing the way in which
various issues and problems have their impact upon organisation’s success and failure. It will
assist individuals as well as management in analysing all the aspects that are needed to be
analysed and changed for improving performance.
BACKGROUND
Toshiba is a multinational organisation which is based in Tokyo, Japan. It is a Japanese
conglomerate that has a massive product range. It deals in information technology,
communication equipment, electronic components, materials, power systems, industrial and
social infrastructure, consumer and household appliances, medical and office items as well as in
the field of logistics (He, Páez and Liu, 2017). Company was established in 1939 when a merger
took place between two organisations (Shibaura Seisaku-sho and Tokyo Denki). In the year
1978, its name was officially changed to Toshiba Corporation. It is an organisation that has made
numerous acquisition in their entire history to boost capabilities and market influence. Company
is formally divided into 4 different parts which are:
 Digital product group
 Electronic devices group
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 Home appliances group
 Social infrastructure group
The company is listed on Tokyo Stock Exchange where it is a part of Nikkei 225 and
TOPIX indices as well as Osaka Securities Exchange and Nagoya Stock exchange. It is a public
company operating since 142 years. The area which it serves is worldwide with few exceptions
such as North Korea and Cuba. It is also one of the biggest employers in world as it has a
workforce of 187,809 individuals. Company is very famous due to its engagement in each and
every field. It is also known for its corporate social responsibility where it focuses on enhancing
the standard of living of people.
There have been many reasons behind its expansion and growth and one of them is
company focus on organic growth while also driving on acquiring the blue-chip. It had bought
heavy engineering technologies in their primary industry organisations which has boosted
capability of manufacturing more products (Das, 2017). It also holds the tag of being inventor of
things that were not being sold commercially before such as Radar, TAC digital computer,
transistor television, microwave oven, colour video phone, Pc and laptop, NAND EEPROM,
DVD, Notebooks, MRI systems, etc.
Although in the past there had been few controversies related to organisation and out of
all the infamous accounting scandal has made the headlines, where company bears allegations of
revising and presenting false profits and financial reports (Berlin, Berglund and Lindskog, 2017).
Due to this, Toshiba had to face severe damages in its brand value, market position and damages
to financial condition. The second issue which was the US nuclear construction liabilities that
was there on its subsidiary Westinghouse. This was there due to changes in laws and corporate
environment that led to cost overrun and delays.
Company is focusing on controlling their financial flow of resources so that they can
reduce its reliance on shareholders and external funding. They are trying to clear losses by
enhancing efficiency and overhauling their business model as per the requirements (Liu and et.
al., 2017). This is the reason; they are investing on R&D units which are 39 in numbers. The aim
behind this investment is to ensure that each factor is properly managed. Also, they are trying to
develop Corporate Governance that will enable them in establishing a framework that can be
used for enhancing organisation’s effectiveness. Any type of variance that exists in the system is
being removed by using the stated concept and better level of productivity is attained as well. It
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will allow them in ensuring that company is using an ethical framework to accomplish the tasks
while sharing exact information with all stakeholders.
There are more problems that exist within the system of company which needs to be
rectified by understanding and analysing each and every aspect that is immediate to organisation.
it is important for company to ensure that each task is completed in a set time period so that
better effectiveness is there in final results (Huang, Fischer and Xu, 2017). Today, there are
certain factors that have changed the environment and led company in doing things which
damaged its image in market.
Toshiba was known as an organisation that has kept its stakeholders on priority and focused
on developing society with growth for organisation. But in recent years due to changes in market
environment they got diverted from their ethical values and did things that have resulted in losses
and damages. The whole case is based on how issues related to Corporate Governance can
impact organisation and its profitability in market space (Crook, 2017). There are different
aspects that comes with cited heading. The cited issues costed company more than 8.8 billion
dollars and also it has lost its position as being one of the blue chip companies.to understand as
how these problems took place, there is requirement of understanding few issues related to
governance.
DESCRIPTION OF KEY EVENTS
Governance Issue
There are different types of issues which are faced by the organisation. These need to be
managed by company for making sure that each task is completed within a set time period. The
prime issue which acts as a core behind every other problem being faced by Toshiba is its
corporate governance where it failed miserably. The management has to ensure that organisation
is using right type of framework for conducting its operations and sharing information with
stakeholders (Shiue, 2017). There was no ethical ground which was followed and it led to
accounting scandal in company. They had presented misleading information regarding their
profits and other financial aspects. This is the reason; they have lost their brand value ($8.8
billion) in last two years. They need a framework which will reduce such type of activities and
ensure that all right factors are used for implementing any procedural or policy change. Toshiba
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is a worldwide known brand. It has established their image in developed as well as developing
countries. This allows organisation in exploring the markets in an effective way. But it has to use
a corporate framework that will distribute the work between various departments and ensure that
each task is completed in a set timeframe as well as with higher rate of efficiency. There are
various issues which are the part of Corporate Governance:
Ethics:
They are the values and principles that act as a core for human conduct. An organisation
is made up of various elements out of which people are the prime components that are
responsible for managing each and every task. Today, organisations need to focus on developing
an infrastructure that will assist them in keeping their activities as per the ethical requirement of
a place, region, country. Basically, it is important for company to follow ethical grounds for
making sure that people who are employed are happy as well as other external stakeholders are
satisfied (Imoniana and Dias, 2017). Toshiba uses ethics as a basis for ensuring that its people
are safe and sound, as well as they are not being discriminated in any way. This has assisted
people in building confidence in the company management and work in more efficient way to
attain its objectives. It is important for an organisation to ensure that they are following all the
ethics as to ensure that there are less issues and it is able to serve each party in an effective way.
Risk management:
Business these days are operating in an environment which is highly dynamic in nature.
Risk management is a systematic approach which is used by organisation for managing resources
that are highly dynamic in nature. It assists in ensuring that each activity is completed without
any issue or hindrance. The approach that is employed by company is used is as per the size and
scope of organisation (Schmidt and Fahlenbrach, 2017). In case of Toshiba, is important for
them to make sure that they use government guidelines as a basis to reduce risk factors and
control activities which are unethical in nature. For example, they need to follow all the
legislations and laws that are stated by regional authorities. The best case that will assist in
understanding the statement is C.2 Risk management and internal control states. According to
the principle, Board of directors or top management need to conduct meeting as to review risk
and internal control systems.
CSR:
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Corporate social responsibility is a prime aspect of Corporate Governance. It is a concept
that focus on dual growth (where organisation tries to develop society with its own growth). The
business enterprise has to play a constructive role in developing systems for society that will
ensure higher level of effectiveness to them (Shi, Connelly and Hoskisson, 2017). there are three
main dimensions for CSR activities that are used for conducting them in an effective manner.
they are
 Community: Their development and growth.
 Sustainability: Environment friendliness and assistance.
 Reusability: Using resources again and again for reducing dependency on non-renewable
energy.
 Leadership: Setting an example in front of other organisation as stating about ways that
can be used for achieving better CSR.
At present, there are certain issues which are going on in these stated aspects within
organisation. They need solutions for them as to attain their objectives in a set period of time.
Toshiba requires to adapt things which will enable it in enhancing its ability to control variables
in a more effective manner (Ararat, Black and Yurtoglu, 2017). This is the whole case study that
states about issues concerning organisation and aspects that needs focus for improving its
capabilities.
SECTION 2- CASE ANALYSIS
This is a part where the whole case study will be analysed via using various theories and
methods. This will assist researcher and managers in finding out solutions to problems that exist
in the system. At present, there are different issues which have been cited for Toshiba in the case
study and needs to be analysed. This will ensure that each task is completed in a set time period
(Goranova and et. al., 2017). Organisation need to keep itself focused on aspects that are
dynamic in nature and this section will recommend ways that can be used for ensuring better
productivity. It will include organisation audit, environmental scanning, identification of
problems and potential changes and recommendations.
Company information
Toshiba is a multinational electronic and hardware services provider. It is present in every
country and aims to enhance its capabilities to a higher level of effectiveness. It is serving in
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each and every sector for which it has divided its operations in 4 dimensions. It is considered to
be an inventor organisation that has invented different technologies and made them commercial
success.
Organisation Audit of Toshiba
Toshiba is a world famous organisation that is present in different filed and ensures that it
is able to provide solutions to issues in an effective way. It states about its own capabilities in
tagline which is Leading Innovation. The Unique selling point of organisation is modern
technology that enables it in developing better profits (Griffin and et. al., 2017). It has been an
inventor organisation that has always focused on developing new technology and methods for
improving business capabilities. It is important for them to conduct organisation audit so that
they can understand where company stands in the market. It will also assist them in
understanding where they stand in terms of strengths and opportunities, as well as weakness and
threats.
The SWOT of TOSHIBA is stated below:
Basis Explanation
Strengths These are the capabilities which allows it in gaining competitive edge over
its competitors. As well as assist in overcoming threats and weakness.
They are stated below:
 Toshiba is one of the biggest manufacturer of wide range of goods
and services in whole world.
 There are large number of patents that are registered with
organisation in US, UK and other countries.
 It is also known to have one of the most effective Research and
Development department as it spends most of the money that is
earned on it.
 It has one of the biggest employee base of approximately 200,000.
 One of the leading supplier of distribution and power transmission
systems.
 It has one of the biggest product portfolio with itself.
 It has a very sophisticated and advance marketing department that
prefers to advertise through TVCs print method, internet and social
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media, etc that allows it in gaining higher level of brand recall.
Weakness These are the weakness that can hamper organisation effectiveness these
can be considered to be an issues that prevails within the system:
 There is a higher amount of debts that is there on company.
 The concentration of revenues is a major point of concern as it
leads to limited market share.
 Increasing competition
 Damages from Accounting scandal
 Loss making subsidiaries.
Opportunities These are the ones which needs to be used for gaining competitive edge
over other players in market:
 Company need to increase its usage of technology in its retail
stores or manufacturing.
 They need to hop on the growing demand of healthcare and power
services.
 There is a hype in trend of using NAND flash memories which is
its own invention. So it has an opportunity to explore this situation
and earn billions.
Threats These are the issues that can hamper organisation effectiveness in long
term:
 Competitors are increasing as well as their intensity.
 The economic slowdown in developed counties as well as in
developing ones is impacting organisation.
 Drastic changes in the field of technology
By going through internal and external analysis of company, it can be understood that there
are certain loopholes as well as opportunities which can be explored by organisation for gaining
better market effectiveness (Yermack, 2017). The strengths will be used to overcome weakness
and threats. They will also allow organisation in exploring opportunities that are lying in market
place.
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Environmental audit
It is an important thing that has to be done for gaining better level of effectiveness. Also, it
will allow company in understanding as how faster changes are taking place at global stage
which is led by shifts in regional factors. Market place is highly dynamic and needs to be
analysed so that its variables can be managed in an effective manner. If organisation fails to
analyse variables that exist in external environment, then there are greater chances that it might
get impacted by changes (du Plessis and Low, 2017). This will allow Toshiba in managing its
crucial resources in a highly effective manner. It will be done by using PESTLE analysis as a
tool that will evaluate six different elements that impacts company. they are the ones which are
inter-related and requires a specified approach for management and adaptation.
PESTLE for Toshiba is stated below:
 Political: There are different countries in which Toshiba is operating and offering its
products and services. it has to evaluate them so as to ensure that its effectiveness is
impacted by instability within political environment. at present, there is higher level of
instability within UK, Japan, USA, and EU which are its prime market. Also, its
secondary markets are the developing economy which are still not able to explore their
full potential. There is instability in south china sea as well as Korean peninsula which is
a threat to company.
 Economic: Company growth is directly proportional to country development rate. If an
economy is growing at a higher speed, then it will allow business houses in developing
their capabilities at the same speed. There are constant changes in variables that are
leading to recession and inflation (Al-Najjar, 2017). Toshiba primary markets are
developed nation and this assist it in expanding its capability and since there is a
slowdown in those nation, the company is suffering from losses. It needs to focus more
on developing countries to reduce risk. There are changes in Toshiba strategy due to
uncertainties that remain with this factor.
 Social: This is a factor that runs on the local belief of people and culture that is followed
by them. there are dynamic changes that are taking place within social elements anjd
need to be understood by company. If it does not prepare its strategies and approaches as
flexible as they should then it will suffer from drastic issues and breakdown. Because
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people are core of an organisation and it does not understand them then it will suffer
more.
 Technological: It is a threat to company as well as an opportunity. Toshiba is famous for
being an invention making and innovative enterprise. The mission of organisation has
always been limited to developing it and commercially using it for better effectiveness
(Whincop, 2017). The company is engaged in producing technological goods and this is
why it is more important for it to ensure that it does not lack behind in research and
developmental activities. it has to adapt and develop technologies that will make present
as well as future more comfortable for people and help it in boosting its own business.
 Legal: There are different rivals of company that are operating within nearest market
place, such as Samsung, they have different patents that cannot be used by any other
organisation. In many cases these rivals do use Toshiba technology which requires it to
use legal options as to get loyalty amount. Also, there are different changes in rules and
regulations of company which forces it to have a legal department that will assist
management in understanding variables.
 Environmental: There are different changes that are taking place within market and needs
to be adapted by Toshiba. The Paris submit concluded on the statement that counties will
need to reduce their carbon emissions so that world can have better environment for
future generations (Lauterbach and Pajuste, 2017). The company is engaged in
manufacturing which is the main cause of pollution according to scientist. This is why it
needs to change its patterns and systems so that it can improve its efficiency and reduce
pollution levels emitted by its units.
To understand the PESTLE and dynamic state of factor a table is given below:
Basis Dynamic nature
Political Instable
Economic Slowdown is a concern
Social Diversity needs to be used
Technological Being one step ahead is the only option.
Legal Changes need to be adapted and rivals needs to
be checked.
Environmental All treaties state about reduction in pollution
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which is only possible if organisation uses
right technique of producing goods and
services.
Stakeholder analysis
They are the parties which are impacted by activities that are conducted by organisation for
its own benefits and growth. Each and every company needs to satisfy the needs and wants of all
stakeholders as to ensure that it is able to get all permissions and resources to be used for its
working (Andrade and et. al., 2017). This is why it is important to conduct stakeholder analysis.
It will allow managers in understanding as which party has to be dealt with the amount of
information. Toshiba image got damaged due to accounting scandal where it lied to its
stakeholders regarding its financial condition. And to understand it condition better, there is need
to analyse as how it will deal with each party:
KEEP SATISFIED
(Highly interested, maximum power)
These stakeholders need to be informed
constantly and on time for their satisfaction.
They are immediate in nature
 Shareholders
 Employee's
 NGO/NPO
MANAGE CLOSELY
(Lower interest, more power)
These do not have interest level but require
power so that it can make changes. They need
to be informed with time requirements.
 Suppliers
 Government
MONITOR
(more interest, less power)
Financial and annual reports are used as a tool
to inform these stakeholders.
 Customers
 Financiers
KEEP INFORMED
(less interested, less power)
They need not to be disturbed on constant basis
and only informed when there is requirement.
 Local Community
The above mentioned matrix states as how various stakeholders off Toshiba are
functioning within organisation. the image below will state about company and its parties that
have interest in its business:
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Figure 1 Toshiba Stakeholders.
(Source: Toshiba Stakeholder, 2017)
These companies need to ensure that every factor is properly analysed and managed or else
there will be issues in its effectiveness and operations. Toshiba needs to address this as soon as
possible as after scandal its stakeholders are very angry and this is why company has lost almost
8.8 billion dollars in market value.
Company Issues Identification
There are different issues that have been identified in the case study. These problems are
acting as a basis of wrong doings and unethical activities that are taking place within
environment (Sullivan and et. al., 2017). There are aspects that needs to be understood for
making sure that organisation do not suffers from any type of loss. At present, there are different
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problems that are impacting organisation. Toshiba has to solve them by finding ways that can
assist it in ensuring better productivity. The issues are stated below:
 Prime issue is stated to be Instability in Corporate Governance
 Concerning issues are Accounting scandal
 Loss in brand value and market image.
 Competition
These four are the issue which needs to be understood and managed by managers. These
can be sorted out with a change in strategy and way company approaches its activities (Ware,
2017). They need a new system of corporate governance that will assist it in overcoming all the
issues that are ultimately related to ethics, CSR and risk management. They need to ensure that
all aspects are coved and variables are controlled so that efficiency and objectives are achieved.
Analysis of Alternative strategies
There are different issues which are cited in the report. They need to be understood and
after brief evaluation of alternative strategies one will be used to overcome them. Managers can
use different strategies in order to gain higher level of output and attain better level of
effectiveness. There are various alternative strategies which are mentioned below:
For profitability and reducing losses:
 Strategic alliances: This is a method that is used when company needs assistance in
managing its activities within a market. There are alternatives that can be used for
forming these alliances where company will be able to reduce its expenses and ensure
that it is able to boost its efficiency (Seyedi, Armand and Noiret, 2017). This is a method
where organisation forms an alliance with other companies and allows them in operating
their facility as to reduce risk.
 Substantial growth strategy: This is strategy that can be used for rapid growth of
company and its capabilities in market. It has two methods that allows an organisation in
gaining market share and enhance its effectiveness. Today, Toshiba is suffering from
losses which is why it cannot use this strategy for growth and development. it does follow
this method in 20th century and in the beginning of 21st century. It acquired or merged its
business with others for developing its own capabilities and attain a higher level of
growth.
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 Limited growth strategy: This is a strategy which states that organisation needs to limit its
resource consumption as to boost its efficiency rate. It focuses on joint venture as a
primary method of developing business capabilities while minimising usage of various
resources. At present, Toshiba requires a strategy that can be used for making sure that it
does not suffers from any type of loss (Giaccone and et. al., 2017). It will need to form
joint venture in nations where it was expanding as to make sure that it reduces the level
of investment and concentration of resources.
o This is a recommended strategy for company in given case scenario as it will
allow them in boosting its capabilities with minimum level of resources.
 Retrenchment: This is a strategy which states that company will need to close down its
subsidiaries and sell things off as to repay debt. But this is not recommended for Toshiba
as it has better scope for growth and development.
Strategies for Better Corporate Governance:
 Following rules and legislations of nation: Toshiba is present in different parts of the
world and this is why it has to ensure that it is following the rules and regulations that are
stated by nations in order to attain higher level of growth and its own objectives. This
will also reduce chances of any misconduct.
 Ethical code of conduct: There are things which are not stated by government but still
doing them will be considered to be unethical activity. Today, company needs to develop
its own ethical code of conduct so that its effectiveness can be enhanced and improved
(Berlin, Berglund and Lindskog, 2017). Also, company needs to focus on its activity
which needs a standardised framework of ethical conduct.
 Social values: Organisation is made up of people and if they are not happy then it will not
be able to thrive. Toshiba has a very large manpower which is highly diversified in
nature. But still company needs to implement a consistent policy so that it can make
changes without any resistance to change. Today organisation needs to make sure that
each task is completed in limited time period while all social values are followed by it.
 Risk management: The company needs to keep on analysing on what risk it has to
manage first. This will allow its managers in focusing their efforts in same direction.
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Justification for choosing strategies
The reason behind choosing limited growth strategy and following a set of four dimensions
in Corporate Governance are based on the conditions that is prevailing at present. Toshiba is
having a debt of more than 9 billion dollars and it needs to repay it as well as make a
structure/framework that will allow it in focusing on variables that needs to be improved. It has
to minimise resource consumption as well as develop a system that will assist its people in
solving various problems and issues in a right manner (Liu and et. al., 2017). Toshiba needs to
make sure that it is able to manage all type of risk while keeping its stakeholders informed
regarding changes that took place in recent years. Right information sharing is needed so that
effective decision making can be done.
Resources which are required
To get rid of various business obstacles which Toshiba is facing they need to make sure
that they manage the resources in proper manner. Following are some of the resources: -
Financial Resources: - Due to the accounting scandal Toshiba has faced a big loss
whether financially or through decrease in the brand value. It is duty of the finance department in
the company to make sure that they record each and every expense which had acquired during
performing any business activity. Whether the organisation's financial numbers are negative they
does not mean that they will not highlight it to the stakeholder because through the correct report
shareholders will able to believe them.
Human Resources: These are one of the important resources which are available with
the organisation and normally consists of the employees matter. They act as assets so the
management should ensure that the staff are happy from the working condition (Huang, Fischer
and Xu, 2017). They should be give training so that they are able to perform well thus bringing
more productivity and profitability to Toshiba.
Research and Development: - It is one the department who has responsibility of
ensuring creativity and innovation so it can be said that their all the activity revolves around the
unique product development. Before coming out with any new production they should do market
research and find out what their competitors are offering.
Fixed Resources: - These are the resources which are fixed and can be categorised in to
the category of assets. The administrative department at Toshiba generally looks at these
elements so they should regularly inspect the working places and should look at the resources
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which needs restoration or modification. As there are various things which becomes outdated
after sometime so it is necessary that they should be changed with the new technology and
structure.
RECOMMENDATIONS
Various scandals have greatly hit the market of Toshiba and they have experienced downfall
in their brand image. They need to implement a strong governance scheme with an ethical code
of development. With these efforts there will be fundamental change in the management mind-
set and corporate culture (Yang, 2017). They need a relationship driven business culture that by
its nature can breed and facilities. At the same time the employee’s obedience and loyalty to the
organisation can produce better results. The staff should be given certain rewards and motivation
so that they can put their sincere efforts towards the task which has been given to them. To
uproot the financial issues, they need to revise governance regulations and amend them in the
company. With the help of compliances based governance can create a culture that accepts what
is legal and what is wrong. In order to regain the trust of the stakeholders they need to reframe
the integrity based code of ethics and this will include government rules prohibiting illegal
behaviour but instead of this they can more focus on moral behaviour.
It is very important for the company to make sure that they are implementing all the
policies and plans in a desired manner. the issues which were identified were the scandals that
impacted company image between stakeholders. It will only be improved once they start
reducing the problems and boost their profitability to a higher level. It is important to make sure
that managerial issues are sorted out via using appropriate management theories, such as Elton
Mayo human relation framework, as well as FW Taylor scientific approaches and motivational
theories. They need to develop better governance which can only be done when company starts
following a strong and valid ethical code of conduct. Employee need to be provided with proper
training which will enable them in overcoming their performance related issues.
The company has to improve its approach to the digital market such as notebooks and
laptop providing organisation. it will delay its release by a month as the expos and other over
shadows releases of company. Also, the management has promised to make sure that they will
focus on improving governance and corporate culture. They can also shift towards capital
strategy option as to improve their cash flow.
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CONCLUSION
From the above report it can be summarised that today in the business environment there
are various factors which impact the organisation indirectly or directly and these elements are
available either in the internal environment or externally. One of the most concerned issue which
can bring the markets and profit margin of the company down is the corporate governance. It the
duty of the company board or the executive teams to play the good leadership style thus it can be
said that they should focus on creating and maintaining the company direction and promotion the
interest of the shareholders and other stakeholders. The management at Toshiba learn from the
mistakes which has costed them and now they should make sure that there is regularly inspection
of the company accounts and the codes of ethics followed by them.
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