Participants arrive for the general shareholders meeting of Kobe Steel Ltd. in Kobe on Thursday
KOBE (Jiji Press) — The chief of Kobe Steel Ltd. apologized to shareholders on Thursday over a product data falsification scandal involving the company. “We deeply apologize for causing inconvenience to shareholders and clients,” Mitsugu Yamaguchi, Kobe Steel president and chief executive officer, said at a general meeting of shareholders in Kobe. “We are working in a unified manner to prevent similar misconduct from happening again,” said Yamaguchi, promising to revamp the corporate culture of the company to restore trust. The management was grilled by many participants at the shareholders’ meeting, the first since Kobe Steel announced the data Continue reading