Olympus Corp. President Shuichi Takayama failed to show at his press conference Wednesday how his company would strengthen corporate governance in the wake of its long-running cover-up of investment losses, or how it would prevent the recurrence of a similar scandal.
Takayama's comments at the press conference suggested that the major optical equipment maker would leave these issues to a management reform committee of outside experts it will create.
Takayama said the company's current board members would resign after it paves the way for management reform.