Arab Today, arab today olympus board to quit by february
Last Updated : GMT 03:55:15
Arab Today, arab today
Arab Today, arab today

Olympus board to quit by february

Arab Today, arab today

Arab Today, arab today Olympus board to quit by february

London - Arabstoday

The entire board of Olympus intends to resign and some members will be subject to an internal inquiry into wrongdoing, the company has said. A third director of the scandal-hit Japanese camera maker quit on Wednesday Chairman Shuichi Takayama said he and the rest would follow as soon as a shareholders meeting could be arranged, the earliest being late February. Mr Takayama also unveiled a probe into the $1.7bn (£1.1bn) accounting scandal to examine the role of 70 executives. Local press reported that the chairman himself was on the list. The move came a day after a separate external investigation said executives were \"rotten to the core\" and had spent 13 years covering up the company\'s losses. Delisting threat The internal inquiry would be carried out by an external committee, and could lead to lawsuits being brought against those found responsible, MrTakayama said. The chairman promised the board would go once it had filed its statutory quarterly results - which must be provided by 14 December if the firm is to retain its Tokyo Stock Exchange listing - and after they had had a chance to put the company back on track. \"Our corporate governance was severely criticised. As the representative of the company, I apologise sincerely,\" said Mr Takayama. Olympus\' former chief executive, Michael Woodford, resigned from the firm\'s board last week in order to launch a campaign to oust the other board members. He said he was assembling a new team to try to take over the board\'s operations and was seeking shareholder support. Olympus is being investigated for accounting fraud over payments made for various acquisitions. Mr Woodford has claimed that he was fired from the role of chief executive for questioning those payments. The Olympus saga has seen the company\'s share tumble more than 50%.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today olympus board to quit by february Arab Today, arab today olympus board to quit by february

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday