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Olympus Turmoil Shows Independent Oversight is Critical at Japanese FirmsSimon C. Y. WongNorthwestern University School of Law; London School of Economics; McKinsey & Co. Inc. October 21, 2011 Harvard Business Review Online, October 2011 Abstract: 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.
Number of Pages in PDF File: 2 Keywords: Board conflicts, independent board oversight, Japan JEL Classification: G34 Date posted: October 28, 2011Suggested CitationContact Information
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