Olympus Former Chief Executive and Whistleblower Resigns from the Board —12/03/11
Posted by: Staff On: December 19th, 2011 | Number of Comments: 1 Comment
Former chief executive of Japan’s Olympus Corp. has resigned from the board in light of several allegations of a whistleblower. Michael Woodford, who worked at Olympus for three decades, was fired in October after questioning the company’s accounting practices. Upon his departure, Woodford vowed to work with shareholders to replace the company’s board and hopes that the company will come clean about its accounting cover up. Speculation still remains as to the amount that Olympus falsified. The company must submit a proper financial report by December 14, or it could be delisted by the Tokyo Stock Exchange.
Read more at: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10770490
Location : Whistleblower News
Categories : Whistleblower News
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