Kazuo Okada has resigned from Wynn Resorts’ board of directors.
As a result, the Wynn board will be reduced to eight directors, including six independent directors. The company went ahead with its special meeting at which stockholders were voting on a proposal to remove Okada from the board anyway.
Okada was deemed unsuitable by the Wynn Resorts board after a lengthy investigation by former FBI director Louis J Freeh uncovered evidence of improper conduct by Okada and affiliated entities under the Foreign Corrupt Practices Act in connection with their dealings with Philippine officials.
