Scrutiny from regulators outside Japan: Challenges for Japanese companies – Episode 17: Third-Party Committees – ‘own goal’ no. 1

Japanese companies often establish a Third-Party Committee (TPC) to investigate allegations of misconduct in Japan.  The TPC comprises at least three members who are independent from the company.  The TPC’s investigation report is made public at the end of the process.  The TPC investigation creates regulatory and litigation exposure outside Japan because the company’s communications with the TPC and the TPC’s investigation itself are not protected by legal professional privilege.

Why are companies content to submit to an investigative process which dramatically increases their regulatory and litigation risk outside Japan?
Duration: 20 minutes

English

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Scrutiny from regulators outside Japan: Challenges for Japanese companies