Olympus, the world-class medical instrument and digital camera maker, took part in a huge cover-up to hide massive losses from failed investments. This report demonstrates that this is a cultural issue in Japan with ineffective outside directors and company boards.

JAPAN’S Olympus scandal goes far beyond issues of ineffective corporate governance or a culture clash with a foreign CEO.

The unfolding scandal at the world-class maker of medical instruments and digital cameras with revenue of around Euros 10billion, highlights the Kaisha dilemma - the conflict between the preservation of ‘Japaneseness’ and the need for global integration.

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Dr. Stefan Lippert
The key problem is not the number of outside directors, but the behaviour of the institutional investors. They tend to choose toothless board members for the sake of harmony
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.
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