A Toshiba Corp. external board member said the company’s plan to appoint two directors representing activist investors lacks fairness and balance, opposing their election in a shareholder vote this month. Mariko Watahiki, a former judge who became a Toshiba board member last year, spoke out against the proposed election of two director candidates from Elliott
A Toshiba Corp. outside director opposed the nominations of two directors representing the company’s activist investors, suggesting possible conflict ahead in what has become a litmus test for corporate governance in Japan. Mariko Watahiki, a former Nagoya High Court chief justice, opposed the nomination of directors from Elliott Capital Advisors LP and Farallon Capital Management
In a time of both false information and excessive details, quality journalism is more important than ever.By subscribing, you can assist us get the story right. SUBSCRIBE NOW Source link. U.S. financial investment fund Bain Capital LP is considering acquiring Toshiba Corp., including to uncertainties over the outlook for the Japanese conglomerate after its reform
