Additionally, all details referring to the continuity with the Fusionex functions and enterprise was not shared right before or handed above throughout their departure,” said the documents.
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It absolutely was not only the motion to end up, although the information that Ivan and a lot of of his leadership crew Stop their Employment abruptly without serving thanks observe and didn't execute their Qualified and fiduciary responsibilities with a proper handover of access and files.
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But, aiming that can help solve fusionex The problem, Hitachi established out some pre-circumstances for Ivan to acquire funding from it, which bundled:
I am anxious that the actions of your Fusiotech management workforce may have further repercussions link for your ecosystem Primarily overseas investors and future acquirers of Malaysian startups.”
But a clear photograph emerges from the unusually comprehensive winding up petition filed by Hitachi, viewed by DNA, where Hitachi chronologically lists a number of steps by Ivan and his Management staff in excess of a 15-thirty day period period that's sweeping and amazing in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
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The management workforce as well as CEO owe a fiduciary responsibility into the Board and can't withhold any facts requested by the Board,” he reported.
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