Japan’s corporate world has been rocked by a series of fraud scandals, igniting a fiery debate about accountability and the state of corporate governance. Experts point to a pervasive culture of silence and conformity, coupled with lax regulations, as key factors that create a breeding ground for misconduct to flourish.
In an exciting development, the UK’s Serious Fraud Office (SFO) has unveiled fresh guidance on corporate self-reporting and cooperation. This updated framework is designed to motivate companies to step forward with information about misconduct, fostering a culture of transparency and accountability in the business world.
