“Only then we will find out the cause of the investigation. Anything at all at this point of time is extremely speculative right up until the investigation is full.

“Only then we will discover out the cause of the investigation. Everything at this stage of your time is extremely speculative right until the investigation is total.

But a clear photograph emerges within the unusually thorough winding up petition submitted by Hitachi, viewed by DNA, where Hitachi chronologically lists a series of steps by Ivan and his leadership group around a 15-month period of time that is sweeping and amazing in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.

This provided a discussion with a former senior executive who tried to persuade me not to jot down with regards to the make any difference.

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The management team and the CEO owe a fiduciary duty for the Board and cannot withhold any facts requested via the Board,” he stated.

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“The past senior administration departed the company quickly with none form of handover in the management plus the functions.

These kinds of was Hitachi’s self-assurance in Ivan that it left him and his administration team thoroughly answerable for managing FusioTech Holdings, The brand new firm established put up its acquisition.

It absolutely was not just the motion to wind up, although the information that Ivan and lots of of his leadership crew quit their Careers abruptly with out serving because of observe and didn't execute their Experienced and fiduciary obligations with an appropriate handover of access click site and paperwork.

"We feel the company's stocks are really undervalued and we feel it can perform way far better," claimed Teh.