Asahi Glass Will Pay Price-Fixing Fine with No Appeal
Asahi Glass Co. Ltd. and its European subsidiary, AGC Automotive Europe SA, have confirmed that they will pay the $147.9 million ($113.5 million euro) fine imposed by the European Union (EU). (CLICK HERE for related story.
In addition, the company has made several changes in order to comply
with the EU's rules on competition. According to a statement issued by
the company, as part of this, several new managers have been appointed
HERE for related story); the company is working to reinforce education
about anti-trust laws; and certain senior executives of Asahi Glass have
voluntarily returned some of their directors' fees "to show each
employee of the company how much [sic] seriously the management of the
company is considering the need to thoroughly implement compliance with
the laws, and the importance of sharing such values for the benefit of
all members of the group and its stakeholders."
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