Bright! FRONTEO Official Blog

Bright! FRONTEO Official Blog

[Webinar held on July 7] Corporate response to false statements in securities reports, etc.-Based on recent trends such as tightening regulations on disclosure of non-financial information-

2021/6/22
[7/8 held Hifumi Law Office / FRONTEO co-sponsored webinar]
 
From the perspective of professionals who handle many such cases, the responses that companies should take when misstatements occur in their securities reports and other disclosure documents, as well as the practical issues and points to keep in mind, are fairly standardized.
However, for those in charge of legal affairs and finance and accounting who must deal with such matters in their companies, this is an event that is experienced only rarely. Moreover, while they must take the lead in responding to such incidents when they do occur, they often have a difficult time dealing with them because they are far removed from their normal duties.
In addition, while false statements have been focused on fraudulent financial statements (illegal accounting), the regulatory authorities' eyes on non-financial information are becoming stricter due to the effects of system revisions and other factors. Along with this, new points to keep in mind have arisen.
In this seminar, we will explain the standard measures that companies should take in the event of false statements, keeping in mind these recent trends (In addition to listed companies, the contents will also be useful for non-listed companies that are required to have their financial statements audited by accountants, which is a requirement for large companies under the Companies Act).
 

 


【Webinar Summary】

◆ Title: Corporate response to false statements in securities reports, etc.-Based on recent trends such as tightening regulations on disclosure of non-financial information-
◆Date: Thursday May 2021th 7 @ 8:15 ~ 00:16 (JST)
◆ Program (subject to change):
1 Recent system amendments and operational status
2 Points to note regarding internal investigations and stakeholder responses when false statements occur
3 False statements and litigation risk
4 Tightening regulations on disclosure of non-financial information and false statements
5 Case study-Actions that companies should take when false statements are discovered-

 

For more information on the webinarplease use this form.
 

 
Speakers/panelist:
 
Hifumi Law Office Partner Yu Yada

After working at the Financial Services Agency and the Securities and Exchange Surveillance Commission, opened Hifumi Law Office, which handles corporate crisis management and dispute resolution as its main business.Based on his experience in financial inspection, supervision, and planning (legislative) work, he provides practical and highly specialized advice on disclosure regulations, insider trading regulations, and financial regulations of listed companies, while he himself is an in-house investigative committee member. He is also in charge of investigations by associations and third-party committees.
"Securities Proceedings: False Statements" (Co-author, Chuo Keizaisha, 2017), "Legal Affairs for Corporate Crisis and Misconduct [2nd Edition]" (Co-author, Shoji Homu, 2018), "Corporate Crisis Response-No. He has authored numerous books such as "Current Situation and Issues of Tripartite Committee Practice-" (Accounting / Audit Journal, January 2017, co-authored).

Share this article