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Toshiba in turmoil

Toshiba rushes to reassemble board following probe

Board chair criticizes former CEO for 'role in causing current chaos'

Toshiba aims to reassemble its board to include more foreigners and new voices, its chairman says. (Photo by Takaki Kashiwabara)

TOKYO -- Toshiba will accelerate its efforts to diversify its board members and enhance its governance in a bid to regain shareholder trust in the wake of a probe that found the company colluded with a government ministry to pressure activist shareholders.

On Monday, board chairman Osamu Nagayama told reporters that the company aims to reassemble its board to include more foreign directors and new voices, preferably those who have management experience, with the aim to "strengthen the board."

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