TOKYO -- A Toshiba board member resigned on Tuesday shortly after shareholders approved the appointments of hedge fund members to the board in the day's annual general meeting, underscoring the unease stakeholders feel toward a growing influence of activist shareholders over Japan's iconic company.
Toshiba in turmoil
Toshiba board member quits in protest as hedge fund managers join
New slate of directors to discuss privatization among strategy options
Mariko Watahiki, an outside director at Toshiba, opposed board nominees representing activist hedge funds because she feared the body would be seen as favoring a few big shareholders. (Photo by Manami Yamada)
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