1. Toshiba Colluded with Japan Ministry to Undermine Shareholders, Probe Finds

    Toshiba Colluded with Japan Ministry to Undermine Shareholders, Probe Finds

    TOKYO (Reuters) -Japan's influential trade ministry effectively colluded with Toshiba Corp's management to influence shareholders votes on director nominees at last year's annual general meeting, an independent probe has found. Discrediting the government's efforts to improve corporate governance in Japan, the investigators' report lays out how the Ministry of Economy, Trade and Industry (METI) leaned on Harvard University's endowment fund and other foreign investors in Toshiba...

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    1. Toshiba, so to speak in unison with METI, devised a plan to prevent Effissimo from exercising its shareholder proposal right at the AGM.
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