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 immediate effect did the resignation have on the speaker's position?

What did the speaker hope for regarding the inquiries into the company's affairs?