In the wake of a scandal within the organization, the Vice President and other executives from Chubu Electric have handed in their resignations. This decision reflects their assumption of responsibility for the scandal that has brought significant negative attention toward the corporation. Further details about the nature of the controversy have yet to be officially disclosed.
In Japan, the culture of "honne and tatemae" (truth and facade) greatly values responsibility and accountability. When scandals occur, especially within prominent corporations, it is not uncommon for executives to resign in a bid to protect the company's reputation and demonstrate their accountability. Resignations of this nature are often seen as a last resort to maintain public trust.
In contrast, while high-level resignations do occur within the US and EU in instances of significant scandal, it's also common to see individual executives held personally liable or face legal consequences without sweeping resignations. There is, generally, a stronger emphasis on individual responsibility alongside corporate reputation management.