Resignation by Kevin And Ian Maxwell from their father's Maxwell Communication

The speaker announces a press conference to address conflicts of interest within the company. Due to these conflicts, the speaker and his brother have decided to step down from the board. The speaker formally resigns as Chairman and CEO of Maxwell Communication Corporation. A personal statement is read to assure that inquiries into the company's affairs will not be hindered by personal loyalties. The press conference concludes with closing remarks.

What was the primary reason for calling the press conference?

• To announce a new product

• To address conflicts of interest

• To celebrate a company milestone

• To introduce a new board member

Who felt it was in the best interests of the company to step down?

• The board of directors

• The employees

• The shareholders

• The speaker and his brother Ian

What positions did the speaker resign from?

• Chief Financial Officer

• Chairman and Chief Executive

• Head of Marketing

• Board Secretary

What assurance did the speaker give regarding the inquiries into the company's affairs?

• They will be delayed

• They will be conducted without hindrance

• They will be outsourced

• They will be canceled

Why did the speaker mention his loyalty to his late father?

• To discuss a family business

• To justify his resignation

• To express gratitude

• To announce a tribute event