Third-Party Committee
Features of Third-Party Committee Services
1) Attorneys specialized in handling operations related to a third-party committee
Attorneys with extensive experience in investigative activities for third-party committee and internal investigation committee support the establishment and operation of a third-party committee. GVA LPC has been supporting a wide range of organizations from startups and listed companies to educational corporation and handling numerous cases related to misconducts. With our extensive experience in conducting investigations and handling corporate misconducts, we carry out prompt and accurate investigations, identify root causes, and propose appropriate preventive measures.
＜Case Examples＞
・Legal support for a third-party committee’s investigation into corporate misconduct at a startup (now listed on the Tokyo Stock Exchange) during its IPO application phase.
・A third-party committee handled a case of personal information leakage at listed company.
・A third-party committee handled a case of harassment at educational corporation.
2) Extensive experience in investigations and reporting that meet listing examination criteria
Our lawyers handling matters related to a third-party committee have cultivated expertise through numerous cases of supporting IPO for companies and have extensive experience in conducting investigations and preparing reports that meet listing examination criteria.
In addition, as GVA LPC has many lawyers with experience as in-house lawyer at listed companies, we are able to conduct investigations that meet the standards and quality expected of listed companies.
3) Transparent and affordable pricing plan
Basically, the service fee is calculated on a time-charge basis. However, we set a specific maximum amount based on estimated workload to ensure that the fee stays within expectations.
4) Able to conduct investigations according to a third-party committee guideline established by the Japan Federation of Bar Associations
A guideline established by the Japan Federation of Bar Associations provides guidance on the activities of a third-party committee, its independence and neutrality, cooperation with companies, communication with public sectors, the formation of investigation committee, and investigation methods. We conduct investigations in accordance with this guideline.
Details of Third-Party Committee Services
＜General steps of the Third-Party Committee Services＞
STEP 1 : Selection of commitee members
STEP 2: Formulation of guidelines on the scope of investigation to be conducted and the plan to be developed by the third-party committee
STEP 3: Investigations conducted by the third-party committee
STEP 4: Preparation of investigation report
STEP 5: Submission of investigation results and recommendations to the company.
STEP 6: Follow-up, including further recommendation, if necessary
(STEP2 to STEP 5 takes approximately 1-3 months, depending on the case)
1) Progress updates through regular online meetings
Conduct regular online progress meetings to share the update on investigations as needed. We make a careful determination as to whether reporting should be conducted depending on the case and manage the progress to meet the clients’ needs.
2) Designing clear policy for the investigation report
Examine thoroughly the items such as the scope of investigation and recommendation to be described in investigation report in advance. We provide appropriate investigation result that help restore trust in a company.
3) Internal Investigation Committee
The service also covers cases handled by internal investigation committees, providing our clients flexibility to decide whether to proceed with a third-party committee or internal investigation committee, based on the specifics of the misconduct. We leverage the client’s internal investigation system to recommend optimal investigative methods and support the early resolution of issues. If you are unsure whether a third-party committee or an internal investigation committee is more appropriate, please feel free to contact us.
A third-party committee is indispensable for a company to restore trust after misconduct and to strengthen its compliance structure.
GVA LPC offers a one-stop support service, from the establishment and operation of a third-party committee and preparation of investigation reports to the proposal of preventative measures.
Please feel free to contact us regarding the establishment of a third-party committee and the handling of misconduct prior to listing examination.
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