Olympus Turmoil Shows Independent Oversight is Critical at Japanese Firms
2 Pages Posted: 28 Oct 2011
Date Written: October 21, 2011
Drawing from the boardroom clash between the chairman and the CEO at camera and digital equipment manufacturer Olympus, this commentary argues that independent directors are needed at Japanese companies not only to oversee management and hold them accountable but to mediate disputes involving senior-most individuals. This can help to protect the weaker party from abusive power plays and prevent conflicts from spilling out into the open.
Keywords: Board conflicts, independent board oversight, Japan
JEL Classification: G34
Suggested Citation: Suggested Citation