TOKYO— Toshiba Corp.’s chairman was ousted in a vote at the company’s annual meeting, a milestone in Japanese shareholder activism that followed an uproar over collaboration between the firm’s management and the government to stifle foreign investors.
Shareholders voted against the re-election of Osamu Nagayama, former head of a Roche Holding AG subsidiary in Japan. The exact vote count wasn’t released. The vote followed controversy over a shareholder-commissioned report released June 10. The report by outside lawyers found that Toshiba management and some directors worked closely with officials at the Ministry of Economy, Trade and Industry to block overseas shareholders from exercising their rights.
Toshiba executives used inappropriate language such as “beat them up,” and the ministry improperly tried to, the report said. Toshiba said it took the report’s conclusions seriously, while the ministry said there was nothing unusual about consulting with company executives about potential national-security risks from foreign investment.
The report didn’t mention any direct involvement by Mr. Nagayama in the activity, but several foreign shareholders said they held the chairman responsible for the conduct. Institutional shareholders like Norway’s Norges Bank Investment Management had expressed their intent to vote against Mr. Nagayama.
CCTV footage of Military terrorists violently raiding and inhumanely massacre the family members in Kale, Sagaing. FOUR people were killed and two were taken away. RapporteurUn KenRoth UN_HRC AuspiceRefugees June24Coup WhatsHappeningInMyanmar
Mr. Secretary McDonough: Good afternoon. As you can see from my attached documentation, I have been fighting this issue of changing my discharge due to systemic racism for over 2 years.
Well that didn't go according to plan................................
Banks are the major share holders in Japanese companies.
nice
You emphasize on giving those disadvantages people ALL THE BEST I do not mind Since you emphasize it, domestically
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Variety - 🏆 108. / 63 Read more »
Source: latimes - 🏆 11. / 82 Read more »