Chapter

Afterword

in Secrets, Sex, and Spectacle

Published by University of Chicago Press

Published in print January 2007 | ISBN: 9780226894089
Published online March 2013 | e-ISBN: 9780226894119 | DOI: http://dx.doi.org/10.7208/chicago/9780226894119.003.0008
Afterword

Show Summary Details

Preview

Now, as then, one development that often follows modern scandal is the enactment of rules to combat the evil that is assumed to have caused to it. Take corporate scandals. Sokaiya scandals in Japan led to increased penalties for payments to gangsters. A string of corporate scandals that included the fall of Yamaichi Securities led to an American- style corporate governance option in the Commercial Code. In the United States, WorldCom and Enron led to the Sarbanes-Oxley Act, arguably the most thorough securities law revisions since the New Deal. This book has argued that the rules provide helpful guideposts for understanding scandals that might otherwise seem arbitrary and contradictory. Among the rules that particularly matter in illuminating how Japanese scandal differs from American are the Japanese preference for private ordering by groups; the smaller role of courts, judges, lawyers, and other formal institutions; divided media institutions; defamation law and other rules of privacy and honor; and muddy rules relating to sex and gender.

Keywords: scandals; Japan; United States; private ordering; rules; media; privacy; honor; sex; gender

Chapter.  2426 words. 

Subjects: Comparative Law

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.