ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Olympus names activist investor to board to boost reforms

Scandal-plagued company takes rare step under a leadership reshuffle

Facing pressure from US activist investor ValueAct, Olympus decided to invite one of its partners to the company's board as part of a governance reform effort.
Facing pressure from American activist investor ValueAct, Olympus decided to invite one of its partners to the company's board as part of a governance reform push.   © Photo by Toru Hatano

TOKYO -- Japan's Olympus is accelerating reform of its much-criticized governance with its first shake-up of top leadership in seven years, which includes the unusual move of welcoming a foreign activist investor to its board.

The camera and medical device maker will invite Robert Hale, a partner at leading shareholder ValueAct Capital Management to join its board under the changes announced Friday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more