Corporate scandals refer to incidents of wrongdoing or unethical behavior within a corporation that typically result in significant public controversy and can lead to legal repercussions, financial losses, or reputational damage. These scandals can involve various forms of misconduct, including fraud, corruption, insider trading, financial reporting irregularities, and mishandling of corporate governance. Often, they come to light through whistleblower accounts, investigative journalism, or regulatory scrutiny. Corporate scandals not only affect the companies involved, but they can also have broader implications for investors, employees, and the market as a whole, leading to increased scrutiny and calls for regulatory reform to prevent future occurrences. The fallout from such scandals often results in leadership changes, loss of consumer trust, and can even lead to significant shifts in industry practices and regulations.
An executive at TV Asahi misused corporate funds, spending 5.17 million yen from 2019 to 2025 on personal dining, highlighting a need for stronger corporate governance. The internal audit revealed…