Will Smith resigns from the Academy for breaking the conduct code at Oscars

Hollywood star Will Smith, facing possible expulsion or suspension after he assaulted comedian Chris Rock during last Sunday's Oscars telecast

has instead resigned from the Academy of Motion Picture Arts & Sciences.

The move comes as the actor is embroiled in the gravest crisis of his career and as the organisation behind the Academy Awards has struggled in its attempts to deal with the fallout from the altercation

Smith called his actions "shocking, painful and inexcusable" and said that he will accept any additional consequences that the Academy's Board of Governors deems appropriate.

"The list of those I have hurt is long and includes Chris, his family, many of my dear friends and loved ones, all those in attendance, and global audiences at home," Smith said.

"I betrayed the trust of the Academy. I deprived other nominees and winners of their opportunity to celebrate and be celebrated for their extraordinary work. I am heartbroken."

Smith also acknowledged that his actions overshadowed other winners at the 94th Academy Awards.

"I want to put the focus back on those who deserve attention for their achievements and allow the Academy to get back to the incredible work it does to support creativity and artistry in film,"

he stated, concluding with "change takes time and I am committed to doing the work to ensure that I never again allow violence to overtake reason"

During the ceremony, Smith charged the stage and struck Rock during the broadcast after Rock made a joke about the actor's wife

Jada Pinkett Smith, likening her shaved head to the buzzcut sported by Demi Moore in 'G.I. Jane'. Pinkett Smith suffers from hair loss due to alopecia.

The Academy later said it asked Smith to leave the ceremony and he refused.

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