Scandal-hit Toshiba Corp. appointed new board members Wednesday at an extraordinary shareholders meeting, vowing to improve its corporate culture and governance in the wake of a massive accounting scandal. Shareholders voiced anger over the revelations, and some experts remained skeptical of the Tokyo-based electronics giant's ability to overhaul its corporate governance.
"We deeply apologize for betraying the trust of shareholders, investors and other stakeholders and causing troubles that brought confusion to the market," Toshiba President Masashi Muromachi told the meeting in the city of Chiba.
He stressed that the company will do its best to reform.