Risk of reputational damage due to legal violations by officers and employees
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2023: 4 of 19 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Group conducts its business with a firm commitment to compliance with laws and regulations. However, if an officer, employee or other related person were to engage in an illegal act or other violation, the resulting decline in social credibility could affect the Group's business performance and financial condition.」
While making legal and regulatory compliance a policy, the company continues to disclose the risk that violations by officers or employees could reduce credibility. - FY2022First statedAnnual report
「The Group conducts its business with a firm commitment to compliance with laws and regulations. However, if an officer, employee or other related person were to engage in an illegal act or other violation, the resulting decline in social credibility could affect the Group's business performance and financial condition.」
While making legal and regulatory compliance a policy, the company newly identifies the risk that violations by officers or employees could reduce social credibility and affect business performance and financial condition.