A corporate scandal refers to a significant incident or series of events involving unethical, illegal, or morally questionable conduct by a corporation or its executives. These scandals often involve actions that violate laws, regulations, or ethical standards, leading to public outrage, legal consequences, and financial repercussions for the company. Examples include fraudulent accounting practices, insider trading, bribery, severe environmental violations, or exploitation of employees. Corporate scandals can damage a company’s reputation, lead to loss of consumer trust, regulatory investigations, and heavy penalties, and may ultimately affect its viability and market position. The fallout from such scandals often results in calls for stricter regulations and reforms within the corporate sector to ensure greater accountability and transparency.
A TV Asahi executive director is under scrutiny for misusing funds and harassment, shaking the network and the media industry. Inappropriate expense claims totaling 5.17 million yen revealed the executive's…