IOC president Thomas Bach has said he wishes to see boxing at the Tokyo Olympics and is keen that aspiring athletes should not suffer due to the 'misbehaviour' of officials.
The first day of the two-day executive board meeting in Tokyo was dominated by the IOC's decision to freeze all planning for boxing events at the 2020 Olympics amid an ongoing investigation into the sport's governing body AIBA for issues related to governance and finance.
Bach said his number one priority was to ensure the athletes who want to compete at the Olympics were not punished.
"We want to have one (boxing at Tokyo 2020) and this is why we will work hard for the athletes," said Bach, who refused to be drawn on what the alternative was for the IOC if the AIBA loses its Olympic backing.
"Because here, again, it is always the same; we do not want athletes to suffer due to misbehaviour of officials or people to which they are not related and with the misbehaviour of whom they have nothing to do."
On Friday, the IOC said it had also launched an investigation into the International Boxing Association after AIBA submitted a progress report focusing on governance, financial management and sporting integrity.
It referred to that enquiry as "the initiation of a procedure which can lead to the withdrawal of recognition for AIBA" but said it still hoped boxing would be part of the programme.
Reacting to the news, Sport Ireland CEO John Treacy said they were "deeply concerned, but not surprised" by the announcement.