In 2012, close to the financial crisis troubles seemed to disappear, the company had resumed business as usual, and some of the checks on corporate governance began to retreat as well. That is, until another major financial scandal, appeared in Japan in the autumn of 2011. He slowly revealed that 92-year-old camera and medical photo-imaging company, Olympus, hiding their losses for more than a decade - $ 1.7 billion - well before the current economic pressures, slow job growth, and the poor are affected investor confidence in the global economy. Fraud new emphasis on corporate management policies throughout the world, but especially in Japan, where the lack of independence of the board and deep-rooted corporate culture rooted in personal devotion promoted conditions that prevent scandals such as this, to be presented, not to mention whistleblowers to come forward about them. "Hide
by Jay W. Lorsch, Suraj Srinivasan, Kathleen Durante Source: Harvard Business School 24 pages. Publication Date: October 10, 2012. Prod. #: 413040-PDF-ENG
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