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
Olympus started transferring massive losses from failed investments in securities before mark-to-market accounting was introduced in Japan in 2000. The losses were shifted mainly to funds registered in the Cayman Islands
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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