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Nidec CEO Shigenobu Nagamori Resigns Amid Accounting Probe

The departure comes as a third-party committee investigates improper accounting practices at the Japan-based electric motor manufacturer.

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Terms & Concepts
  • Third-party committee: An independent group formed to investigate specific issues, usually to ensure impartiality and transparency.
  • Inappropriate accounting practices: Financial reporting or bookkeeping methods that violate accepted accounting standards or regulations.