The current boardroom imbroglio at Japanese camera and medical-equipment manufacturer Olympus, where the chairman and recently ousted chief executive are sparring publicly over why the latter was dismissed, provides a compelling case for strengthening independent oversight at Japanese companies.
Olympus Turmoil Shows Independent Oversight Is Critical at Japanese Firms
The current boardroom imbroglio at Japanese camera and medical-equipment manufacturer Olympus, where the chairman and recently ousted chief executive are sparring publicly over why the latter was dismissed, provides a compelling case for strengthening independent oversight at Japanese companies. On Oct. 14, Olympus announced that Michael Woodford, a 30-year company veteran who had been elevated […]
October 21, 2011