Second time Even so, the image of companies portrayed by the market and the general public (S5) far from ethical. For example, in a survey of students' views of the Japanese business community, conducted in autumn 2000, 68 of the respondents agreed that"Honest companies are not (S6), while dishonest companies are making profits 63% believed that There is hardly any information as to which companies are (S7)”; 84% believed that (S8)”;and62% agreed that“many companies believe it is worth engaging in unlawful practices. If this is the new generation's perception of reality, it means that (S9). Certainly, companies whose business performance has deteriorated as a result of scandals (S10). But such efforts are not long- lasting if a company fears they will reduce its competitiveness 3rd timeJapanese 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 trainingprograms 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) of cutting its executive board from 38 to 10 directors while introducing the new post of executive officers. Other companies including Omron and Kobe Steel followed suit, and by 2000 about 240 businesses had reportedlymade similar___________(S4 ) reforms. Even so, the image of companies portrayed by the market and the general public ___________ (S5) far from ethical. For example, in a survey of students’ views of the Japanese business community, conducted in autumn 2000, 68% of the respondents agreed that “Honest companies are not __________ (S6), while dishonest companies are making profits”; 63% believed that “ There is hardly any information as to which companies are _______(S7)”; 84% believed that “________________________(S8)”; and 62% agreed that “many companies believe it is worth engaging in unlawful practices.” If this is the new generation’s perception of reality, it means that_____________ _________________________________(S9). Certainly, companies whose business performance has deteriorated as a result of scandals____________________________ ____________________________(S10). But such efforts are not long￾lasting if a company fears they will reduce its competitiveness. Second time 3rd time