Olympus Turmoil Shows Independent Oversight is Critical at Japanese Firms
Posted: 28 Oct 2011
Date Written: October 21, 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.
Keywords: Board conflicts, independent board oversight, Japan
JEL Classification: G34
Suggested Citation: Suggested Citation
Wong, Simon C. Y., Olympus Turmoil Shows Independent Oversight is Critical at Japanese Firms (October 21, 2011). Harvard Business Review Online, October 2011, Available at SSRN: https://ssrn.com/abstract=1947766
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.