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Therefore, this case strongly suggests that it is meaningless to improve corporate governance by merely formalizing it. What, according to you, is the meaning of

Therefore, this case strongly suggests that it is meaningless to improve corporate governance by merely formalizing it". What, according to you, is the meaning of this statement and how do you think CG should be practiced in Japan.Article: https://www.law.ox.ac.uk/business-law-blog/blog/2021/09/toshiba-incident-and-its-implications#:~:text=The%20report%20of%20that%20investigation,to%20limit%20activist%20investors%27%20influence

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