Toshiba faces shareholder grilling over governance

Industrial giant butts heads with activist foreign investors

20210317 Toshiba logo

Toshiba will hold an extraordinary shareholders meeting on March 18 to vote on proposals by two activist investors that call for major changes in the way the industrial giant is run. (Photo by Yoshiyuki Tamai)

FRANCESCA REGALADO, Nikkei staff writer

TOKYO -- Tensions between Toshiba and its largest shareholder, Effissimo Capital Management, are running high ahead of an extraordinary general meeting to be held Thursday.

The meeting was called, in part by Effissimo, a Singapore-based fund, to have shareholders vote on whether management at the Tokyo-headquartered company has met Japan's corporate governance standards.

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