The scandal-hit Olympus which last month nominated a former banker from Olympus main lender Sumitomo Mitsui Banking Corp as a chairman, a group of shareholders, including that of Southeastern Asset Management and Indus Capital asking to chose someone more independent for the position, reports Reuters.
Shareholders told Reuters in an emailed statement: “The proposed Chairman’s and certain other proposed board members’ close connection with Olympus’ main banks gives rise to a potential conflict of interest.”