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The NO&T Podcast - EN
It is not uncommon for Japanese companies to retain employees who have engaged in wrongdoing without subjecting those employees to disciplinary action proportionate to the misconduct in question. This can send a strong message to overseas regulators that the company condones the misconduct despite statements to the contrary. The company risks damaging its credibility with the regulator which can lead to the imposition of significantly harsher penalties.
Why would any company want to retain employees who have committed crimes or whose conduct has caused the company to breach its legal and regulatory obligations?
Duration: 25 minutes
English
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Scrutiny from regulators outside Japan: Challenges for Japanese companies
The NO&T Podcast - EN
ADVANCE Corporate Law Seminar
Compliance Seminar Series on Business and Human Rights
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