Corporate fraud is a growing problem across the world. In response to this situation, more governments have enforced anti-fraud legislation. In Asia, not a few regional authorities tightened their penalties for fraudulent behaviours, governance codes continue to evolve to ensure responsible management in each country, and proxy advisory institutions and elevated the proxy voting guidelines to strengthen corporate governance, and thus, deter fraud. However, these efforts have not yet resulted in a reversal of trends. In the wake of the COVID-19 pandemic, prolonged periods of remote work weakened the governance for fraudulent behaviour, which led to an increase in opportunities for fraud, particularly cybercrime. Corporate fraud can have devastating consequences, and hence, fraud prevention is crucial.

Today, GW visiting scholars from Korea and Japan share the updates and forecast on corporate crimes, aiming to provide meaningful insights for preventing fraud in Asia. Specifically, Seongkwang Seo provides legal perspectives given his prosecutor experience, and Asuka Takaoka argues academically and professionally.

Agenda:

13.00-13.10 Welcoming and introduction by Hiromi Ishizawa

13.10-13.40 Presentation by Seongkwang Seo

13.40-13.55 Q&A

13.55-14.25 Presentation by Asuka Takaoka

14.25-14.40 Q&A

14:40-14.45 Closing by Hiromi Ishizawa