HONG KONG—Fleishman-Hillard and risk and security consultancy Kroll have launched a joint offering, The Kroll-FH Crisis Leadership Solution, designed to help Japanese companies navigate and react to an increasingly hostile, challenging, and risky business environment. Following the implementation of a Japanese version of the Sarbanes-Oxley Act, Japan will soon introduce a new company law that would provide more opportunities for foreign companies to invest in local corporations.
As a result, Japanese companies are expected to be more frequently challenged by calls for better governance, and become more vulnerable to hostile takeovers, corporate scandals, and the impacts of globalization. Shin Tanaka, who leads the Japanese operations of Fleishman-Hillard, says the firm is seeing growing interest in risk management.
“Japan Inc. is in the midst of unprecedented and dynamic change, with emerging regulatory and social changes that are altering the very basis of the Japanese corporate system,” says Tadashi Kageyama, managing director of Kroll for Japan and Korea. “Those changes have given rise to new external and internal risks that are becoming more invisible and unpredictable, coupled with the ongoing evolution of fundamental elements that define the local business culture.”
The new alliance combines Kroll’s expertise in intelligence gathering and analysis and Fleishman-Hillard’s experience in strategic communications, and offers internal communications, crisis response and management, M&A and hostile takeover counsel, and post-merger integration communications. Kroll is a wholly-owned subsidiary of Marsh & McLennan Companies, Inc., the global professional services firm.