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 …

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 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 …

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 …

The Factal Seattle press team works out of downtown offices. (Factual photo) Factal, which provides incident and news alerts to corporate users, said on Tuesday it had started 24-hour global coverage after more than a year of testing with large companies. The Seattle-based startup, which came to light in August, has come under close scrutiny …

[Courtesy of Hyundai] SEOUL – In an effort to change its corporate culture, South Korea’s leading automotive group Hyundai is conducting a group-wide survey to gather employee opinions, especially when Chung Mong-koo speeds up the transfer of the company. direction to his only son. Hyundai officials said a two-week email survey of 96,000 employees across …

Large companies tend to have large cultures. And that tends to be great for investors. Factors related to the quality of people and the relationships between them – the corporate culture – are about twice as important as the numbers. However, culture is difficult to measure given its qualitative rather than quantitative nature. It is …

2. BE TRANSPARENT ABOUT THE PROBLEM After major corporate calamities, it is often the demonstration of commitment that matters more than what the company does with the CEO. Focusing on transparency will be the real determinant of success. The German multinational Siemens has witnessed a series of corruption cases dating back more than a century. …

Japanese tech giant Panasonic, better known in the UK for its TV and AV equipment, has decided to relocate its European headquarters to the continent. The company, which is currently enjoying showing off its latest technology at IFA 2018 in Berlin, will move its European headquarters outside of London to Amsterdam in October. We do …

Welcome to the Corporate News Summary for the week ended August 24, 2018. The Corporate News Summary is a weekly summary of company news and actions from the previous one. You can receive it directly in your mailbox every week by subscribing to our newsletter. DStv made the news last week. Abuja Federal High Court …