Kenji Sarukura delivered a lecture titled “How to Prevent and Respond to Scandals at Domestic and Overseas Subsidiaries/Group Companies ~ Investigation of Misconduct and Whistleblowing Systems at Overseas Bases ~.”
The outline of the lecture is as follows:
Host: Financial Management Forums, Inc.
Date: Friday, December 24, 2021, 13:30 – 16:30
Venue: Via Zoom
Lecturer: Kenji Sarukura
◆ Zoom Seminar ◆ How to Prevent and Respond to Scandals at Domestic and Overseas Subsidiaries/Group Companies
~ Investigation of Misconduct and Whistleblowing Systems at Overseas Bases ~
Recently, many scandals are reported to have occurred at domestic as well as overseas subsidiaries and group companies. Such scandals at overseas subsidiaries/group companies have special characteristics that are different from those that may occur at the headquarters in Japan, and so the prevention thereof is not always easy. In addition, it seems that the parent company is often at a loss as to the initial actions to take or whom to consult about what.
In this seminar, the lecturer introduces specific cases of scandals and explains what kinds of problems can occur, what actions should be taken after the discovery of misconduct, and how to review the current systems.
- Recent specific cases of scandals at subsidiaries/overseas bases
(i) Embezzlement/accounting fraud at overseas subsidiaries
(ii) Data fabrication (regarding products and foods) - Investigation of misconduct at subsidiaries/overseas bases
– What actions to take and what requests to make to whom - Responses to domestic/overseas regulatory authorities
- Causal analysis of misconduct at subsidiaries/overseas bases
(i) Special characteristics of scandals at subsidiaries/affiliated companies
(ii) Special characteristics of scandals at overseas bases
(iii) Tips on the principle of preventing scandals (cases of efforts toward preventing scandals)
(iv) Tips on the practical guidelines concerning group governance systems - Prevention of scandals at subsidiaries/overseas bases
(i) Measures for early detection of misconduct
(ii) Global whistleblowing systems (considerations for establishing a system)
(iii) Examination of internal inspection of subsidiaries/overseas bases - Points to note regarding internal control after acquiring a subsidiary
