Olympus may face objection for its new management

It has been reported that US Institutional Shareholders Services is against the proposal of the new top management of Olympus Co. At the meeting, the following officers-designated, including President-to-be Hiroyuki Sasa, Chairman to-be Yasuyuki Kimoto and Director-to-be Hideaki Fujizuka will be presented. According to the largest shareholder, Mr. Sasa is said to have lack of experience and ability since he had not proposed detailed restructuring measures; the other two were questioned due to their previous position as bankers.