1. Toshiba Shareholders Vote to Oust Board Chair

    Toshiba Shareholders Vote to Oust Board Chair

    Toshiba shareholders on Friday rejected the reappointment of board chair Osamu Nagayama in a rebuke to management after revelations of attempts to sway voting on activist investor proposals. CEO Satoshi Tsunakawa said shareholders had voted down a bid to reappoint Nagayama and a member of the firm's audit committee. It came despite Tsunakawa offering his backing for the chairman of the board, and pledging to work on reestablishing trust after the damaging revelations of an independent probe...

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