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Toshiba activist Effissimo fails to convince with board seat demands

Singapore fund elevates accounting scandal over larger strategy ahead of Friday AGM

| Japan
CEO Kurumatani does not have the luxury of time or lenience. (Photo by Taro Yokozawa)

Stephen Givens is a corporate lawyer based in Tokyo.

When Toshiba's directors face dissident shareholders at the delayed annual general meeting on Friday, the expected points of contention feels like squabbling about rearranging the deck chairs on the Titanic.

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