オリンパス事件における統制環境の崩壊

概要

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On November 8^<th> 2011, OLYMPUS announced that they had been postponing registering deficits incurred from securities investments since the 1990s and covering the losses with money paid for acquiring venture companies and for M&A advisers. OLYMPUS had been listed in the First Section of the Tokyo Stock Exchange, and was recognized as a company with well-established systems of governance including external Directors and Auditors. The company was also recognized for its management quality, business ethics, and active CSR programs. In reality, the Directors at OLYMPUS had illegally constructed various complex systems to conceal losses exceeding 100 billion yen with collaborators outside the company. In the course of doing so, OLYMPUS had used up its surplus funds and become financially unsound. This article will analyze the collapse of the control environment OLYMPUS with the intention of identifying the issues and lessons to be learned.
2013-02-28