Governance Problems in Citigroup Japan|Business Ethics|Case Study|Case Studies

Governance Problems in Citigroup Japan

            
 
Case Studies | Case Study in Business, Management, Operations, Strategy, Marketing, Finance, Corporate Governance, Economics, Project Management, Insurence, Free Management Case Study, Case Study

ICMR HOME | Case Studies Collection

To download Governance Problems in Citigroup Japan case study (Case Code: BECG043) click on the button below, and select the case from the list of available cases:

Business Ethics Case Studies | Case Study in Management, Operations, Strategies, Business Ethics, Case Studies

OR


Buy With PayPal

Amount to be paid:



Prefer to pay in another currency ?
Select Currency for Payment



Exchange Rates: Click Here
Delivery Details: Click Here

» Business Ethics Case Studies
» Case Studies Collection
» ICMR Home
» Short Case Studies
» View Detailed Pricing Info
» How To Order This Case
» Business Case Studies
» Case Studies by Area
» Case Studies by Industry
» Case Studies by Company

Custom Search



Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.



Chat with us

Strategic Management Formulation, Implementation, & Control, 12e

Please leave your feedback

Leave Your Feedback

ICMR India ICMR India ICMR India ICMR India RSS Feed

Case Details:

Price:

Case Code : BECG043 For delivery in electronic format: Rs. 500 ;
For delivery through Shipping & Handling Charges extra: Rs. 500 +Shipping & Handling Charges extra

Themes

Corporate Govenance
Case Length : 14 Pages
Period : 2001-2004
Pub. Date : 2004
Teaching Note : Not Available
Organization : Citigroup
Industry : Financial Services
Countries : Japan, US

Abstract:

In September 2004, Federal Services Agency (FSA), the financial regulatory body of Japan, announced the closure of Citigroup's Private Banking business in Japan starting from September 30, 2005 onwards. Independent investigations conducted by FSA revealed major violations of law by the Private Banking unit. It was involved in activities which were permitted to be performed by only securities companies and not banking companies. The case details the irregularities in Citigroup's Japanese operations and highlights the importance of good governance. It also examines the measures taken by Citigroup to fix these problems and analyzes the efficacy of these measures.

Business Ethics Case Studies | Case Study in Management, Operations, Strategies, Business Ethics, Case Studies

Issues:

» The importance of good governance in a financial services company

» The need for proper internal control measures and transparency in the dealings of a financial firm

» Need for coordination and close supervision of the foreign operations by a global financial services organization

» The importance of maintaining corporate integrity without succumbing to the temptation of short term benefits

» Study the role of regulatory agencies in Japan

Contents:

  Page No.
The Withdrawal 1
Background Note 2
Problems in Citigroup Japan 3
The Irregularities 5
The Action Taken 6
The Aftermath 6
Exhibits 8

Keywords:

Citigroup, Corporate Governance, Private Banking, Illegal Conduct of Business, Money Laundering, Financial Services Agency, Lack of Internal Control, Management Control System, Business Improvement Plan

Governance Problems in Citigroup Japan - Next Page>>

 

Case Studies Links:- Case Studies, Short Case Studies, Simplified Case Studies.

Other Case Studies:- Multimedia Case Studies, Cases in Other Languages.

Business Reports Link:- Business Reports.

Books:- Textbooks, Work Books, Case Study Volumes.