Toshiba’s Independent Probe Was Biased, Say Two Former Directors - The Edge Markets -BoardProspects

Toshiba’s Independent Probe Was Biased, Say Two Former Directors

The Edge Markets Oct 10 2021 BoardNews

A disputed meeting of Toshiba Corp. shareholders last year was held properly and a subsequent independent report supported by activist investor Effissimo Capital Management was misleading, said two former executives of the electronics conglomerate who were dropped from the board...
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1. The whole session was to back up a story they wrote ahead of time, rather than try to find what really happened.
2. The criteria for assessing whether a company's governance is appropriate is different from those for assessing the violation of laws and regulations.
Topics Mentioned
- activist investor
- Board
- Management
- Investment
- Japan
- Elliott
- minority
- Toshiba
- Activist
- voting rights
- stake
- investigation
- Investor