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Nissan CEO Carlos Ghosn shows problem with Japanese corporate culture
But the scandals are not only a shock to Japanese consumers, they mark Japan’s reputation as a reliable, quality-oriented manufacturer and trading partner. Japanese corporate structures offer some explanation of the events. In most Western companies, employees are hired with a detailed employment contract and only do what is agreed upon in the contract. In …
How Diversity Leaders Are Changing Corporate Culture | Corporate culture
By 2045, people of color will make up the majority of America’s population. This demographic shift, predicted by the US Census Bureau, is one reason companies are starting to take diversity, inclusion and equity in the workplace more seriously. In American businesses, this has been manifested in part by the proliferation of diversity officers, who …
Olympus corporate culture attacked by staff and probed by DoJ
Olympus leads new battle with whistleblower over alleged illegal payments in China, seven years after former chief executive Michael Woodford was fired for sounding the alarm over $ 1.7 billion accounting fraud . The medical device maker was sued in January by one of its own lawyers, Hiroki Sakakibara, who claimed the company retaliated against …
How corporate culture affects governance
You don’t have to look too far or far to find examples of organizations and leaders who have fundamentally failed in their due diligence to shareholders, customers and employees. Financial Services Industry Misconduct Revealed by Royal Commission, for example, paints a clear picture of the impact of poor organizational cultures on risk management, compliance, performance …