Inside the Olympus Scandal: A Story of Loyalty and Betrayal by Michael Woodford MBE Former CEO and Whistleblower
This story is extraordinary. Michael Woodford the newly-appointed president and then CEO of Olympus wakes up to find that nobody is telling him the truth, facing an accounting fraud on a massive scale, approaching $2 billion. Even the chairman and the Head of Compliance and Governance are suspected of being in on it. The CEO faces a terrible dilemma that could put his and his family's lives at risk. Who can he trust? Certainly, not his own board. What lessons can be found in his experience about information and transparency in financial flows. Listen to his story, both hilarious and terrifying, as the decision he makes leads to the exposure of the scandal, the crash in the share price, the entire board’s resignation and him having to go around with armed police. This story will become a major motion picture, but is it so far away from what happens elsewhere? In today's business climate, are the risks of these sorts of frauds more likely? How can regulation work when even the trusted guardians can't be trusted? How much of this is going on right now? What would you do in Mr Woodford’s position?"
On the morning of October 31, join us to hear from Mr Woodford, who will give an extended account of those tense days, the subsequent fallout, and his views on corporate behaviour - and misbehaviour. Guests will also have the chance to buy Mr Woodfords book about the affair - "Exposure" (proceeds of which will be donated to charity).
Not to be missed.
What people are saying
"Michael delivered a captivating address to the RSA. His Olympus experience reveals him as a leader of remarkable courage and integrity, and it was a privilege to hear his account at first-hand.”
Vikki Heywood, Chairman, Royal Society for the encouragement of Arts, Manufactures & Commerce (RSA)
“The subject is one that is of immense importance, profound significance and tremendous relevance not just to the Japanese corporate sector but to corporate governance around the world.”
Colin Mayer, Peter Moores Professor of Management Studies, Said Business School
“Our case study based on your experience at Olympus provoked a great deal of thought among our students on corporate governance challenges in Japan and elsewhere.”
Harvard Business School
Paid reservation by October 24 17:00, after which there can be no refunds on cancellations. No-shows will be charged.
Please let us know in advance if you have any special dietary requirements, at the time of booking. お食事に制限のある方（ベジタリアン・アレルギーなど）は必ず事前に知らせください。
Platinum / Corporate Plus / Corporate / Entrepreneur Members can use free seat coupons to attend this event. You must be logged into the BCCJ website in order to use your free seats.
Venue InformationShangri-La Hotel Tokyo 27F Ballroom
Marunouchi Trust Tower Main Building
1-8-3 Marunouchi Chiyoda-ku Tokyo
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