1. Activist-Backed Proposal for Toshiba Probe Received 58% of Shareholder Votes

    Activist-Backed Proposal for Toshiba Probe Received 58% of Shareholder Votes

    (Reuters) - About 58% of Toshiba Corp shareholders last week voted in favour of an independent probe into allegations that investors were pressured ahead of last year's annual general meeting, a breakdown of the results showed on Tuesday. The win for Effissimo Capital Management, Toshiba's biggest investor with a 9.9% stake, marked only the fourth time an activist shareholder motion has won approval in Japan and the first at a major household name...

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