Kobe Steel finds more malfeasance, to overhaul board

UBE

06/03/2018 06:14

TOKYO, March 6 (Reuters) - Kobe Steel Ltd  5406.T  said on
Tuesday that an external investigation into a data-cheating
scandal had found a new case of inappropriate corporate
behaviour.
    Announcing the results of the four-month long investigation,
the company said it would overhaul its board to ensure a third
of its members were external directors. It is due to hold a news
conference at 1530 JST (0630 GMT), and media reports have said
Chief Executive Officer Hiroya Kawasaki will step down. 
    Japan's third-largest steelmaker, which supplies
manufacturers of cars, planes and trains across the world, said
in October that about 500 of its customers had received products
with falsified specifications.  urn:newsml:reuters.com:*:nL4N1MO1A1

 (Reporting by Yuka Obayashi
Editing by Chang-Ran Kim)
 ((Yuka.Obayashi@thomsonreuters.com; +813-6441-1798; Reuters
Messaging: yuka.obayashi.thomsonreuters.com@reuters.net))