A major investor in Toshiba Corp. has called for a third-party investigation into the conglomerate’s annual shareholder meeting, saying its vote was not fully recognized in a potential breach of governance.
The demand from Singapore-based 3D Investment Partners is likely to sharpen scrutiny of how Toshiba treats foreign investors. It follows a contentious, but failed, attempt by foreign shareholders to elect some new independent directors to Toshiba’s board at the July 31 meeting.
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