Japanese companies have started to refine their ethics programs and internal control structures. Some 55% of them have established a corporate code of conduct ethics guidelines, compliance manuals (SD),and other such documents, 37% have a department or division dedicated to ethics and compliance issues, and 43%o periodically_(S2) hold ethics-related training programs targeting employees. a growing number of Japanese businesses have taken steps to reinforce oversight functions, for example by engaging independent outside directors. In 1997, Sony Corporation took the initiative(S3)the of cutting its executive board from 38 to 10 directors while introducing the new post of executive officer Other companies including Omron and Kobe steel followed suit, and by 2000 about 240 businesses had reportedly made similar structural(S4)reforms.Japanese companies have started to refine their ethics programs and internal control structures. Some 55% of them have established a corporate code of conduct, ethics guidelines, compliance _________ (S1), and other such documents, 37% have a department or division dedicated to ethics and compliance issues, and 43% ____________(S2) hold ethics-related training programs targeting employees. A growing number of Japanese businesses have taken steps to reinforce oversight functions, for example by engaging independent outside directors. In 1997, Sony Corporation took the __________ (S3) the of cutting its executive board from 38 to 10 directors while introducing the new post of executive officer. Other companies including Omron and Kobe Steel followed suit, and by 2000 about 240 businesses had reportedly made similar ___________(S4 ) reforms. manuals periodically initiative structural