ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Toshiba in turmoil

Toshiba seeks fresh start with overwhelmingly outsider board

Greater external oversight is seen making the company more shareholder focused

Toshiba will have a higher proportion of outside directors on its board compared to its Japanese peers.

TOKYO -- Toshiba shareholders Wednesday approved a board with 10 of the 12 seats going to directors outside the company, sealing a win for overseas activist investors as the conglomerate continues to rebuild.

The board reached a proportion of outsiders unheard of among Japanese peers with the new lineup, which Toshiba proposed last month in response to shareholder pressure. The 10 outside directors are up from seven on the previous board, while four of the 10 hail from outside Japan.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more