Beruflich Dokumente
Kultur Dokumente
Rohan GUPTA Darren TAY Teck Yong Melissa LAW Shueh Li Siti Zuhairah Binte MUSTAFA KAMAL Wijesuriya Arachchilage Dhanushka Sanjeewa Wijesuriya
What is the What is our How will we Questions? situation? stand? deal with it?
Japanese corporate culture has been accused of being incompatible with good corporate governance
A looming threat
What is the What is our How will we Questions? situation? stand? deal with it?
Japan's corporate culture of denial, of ignoring problems and letting them fester, keeps running up against a globalised world that values agility, innovation and transparency. Olympus demonstrates all too painfully how much Old Japan tolerates a lack of accountability among senior executives, inadequate disclosure, a disinclination to challenge authority and absolute deference to corporate boards. - William Pesek, Bloomberg columnist
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What is the What is our How will we Questions? situation? stand? deal with it?
Value destruction
Reforms were undertaken to strengthen corporate governance Allegations create a gap between reality and perception
Implications
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What is the What is our How will we Questions? situation? stand? deal with it?
Japanese corporate The vast majority of culture is not Japanese corporations are incompatible with good upright and honest corporate governance
Sonys Position
Sony has always been above board Sony consistently goes beyond legal prescriptions in corporate governance
What is the What is our How will we Questions? situation? stand? deal with it?
Foreign investors
Action Plan
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What is the What is our How will we Questions? situation? stand? deal with it?
Foreign investors
have good information to maintain confidence in the company
Source: Jaques, T. (2000) Dont Just Stand There: The Do-It Plan for Effective Issue Management. pp. 121-133
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Action Plan
What is the What is our How will we Questions? situation? stand? deal with it?
Identify journalists who have written about this issue Identify potential corporations for joint action
What is the What is our How will we Questions? situation? stand? deal with it?
Surveys, Focus Groups
What is the What is our How will we Questions? situation? stand? deal with it?
Develop information pack; conduct open dialogue
Begin detailed media monitoring Identify journalists Prepare press materials Identify corporations for joint action Explore options for assessing investor sentiment Identify key politicians/regulators
10 Apr 5 Apr Begin review of the impact of increased regulations 15 Apr
Develop investors information pack Brief specialist writers Develop response position 20 Apr 27 Apr Organise joint press conference 30 Apr
NOW
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Timeline (Apr)
25 May
Timeline (May)
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What is the What is our How will we Questions? situation? stand? deal with it?
It was the lack of compliance on the part of a few rogue managers that led to the fraud at Olympus
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Position Paper
What is the What is our How will we Questions? situation? stand? deal with it?
Japanese corporations need to take a proactive approach to managing such negative perceptions
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Media Statement
What is the What is our How will we Questions? situation? stand? deal with it?
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Biography
What is the What is our How will we Questions? situation? stand? deal with it?
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Q&A
What is the What is our How will we Questions? situation? stand? deal with it?
Sony needs to address the media, foreign investors and key regulators proactively
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Speech Notes
What is the What is our How will we Questions? situation? stand? deal with it?
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Backgrounder
What is the What is our How will we Questions? situation? stand? deal with it?
External Legal Review: 8,400,000 Primary Research: 16,700,000 (US$200,000) (US$100,000)
Budget
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What is the What is our How will we Questions? situation? stand? deal with it?
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