Olympus shareholders have approved the appointment of a new board of directors at an extraordinary general meeting.
The company had nominated new members to the board after all of its previous members quit in the wake of an accounting scandal.
It has admitted to hiding $1.5bn (£1bn) in losses for as long as 20 years.
However, former chief executive Michael Woodford, who blew the lid on the scandal at the firm, has threatened to have the results annulled.
The board refused to answer a question about the reasons for Mr Woodford's dismissal, which the former boss said gave shareholders the right to ask the courts to invalidate the meeting.
"Today is the day the new Olympus is supposed to start. It's a mockery," Mr Woodford said.
"It's why the world looks on and continues to think this world works in a completely different way. It's Alice in Wonderland."
Source & Image : BBC
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