TOKYO -- An outside director at troubled Japanese industrial group Toshiba said she opposed board nominees representing activist hedge funds because she feared that the body would be seen as biased in favor of a few big shareholders.
Interview
Toshiba board nominees risk criticism for activist tilt: director
Mariko Watahiki points to lack of balance among competing interests in rare public objection
Mariko Watahiki said she wanted shareholders to know why she opposed the board nominees from Farallon Capital Management and Elliott Management. (Nikkei montage: Photos by Reuters, Manami Yamada)
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