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Toshiba CEO wants new board chair approved by year-end after ouster

Business / Corporate Aug 12, 2021

Toshiba CEO wants new board chair approved by year-end after ouster

Toshiba Corp. will seek shareholder approval of a new board chair before the year's end, CEO Satoshi Tsunakawa said Thursday.

Toshiba has a path to growth, but faces long road back to success

Business / Corporate | FOCUS Aug 1, 2021

Toshiba has a path to growth, but faces long road back to success

by Kazuaki Nagata

Despite having had to sell off core businesses in recent years, the firm still has a way back to prosperity through infrastructure services and renewables.

Toshiba management woes seen deepening after strong shareholder rebuke

Business / Corporate | FOCUS Jun 26, 2021

Toshiba management woes seen deepening after strong shareholder rebuke

by Noriyuki Suzuki and Yuka Nakao

The shareholder revolt, led by foreign activist investors, against the approval of Nagayama as chairman has added to the tumult at Toshiba over the past few months.

Corporate governance issues haunt troubled Toshiba as it faces off with investors

Business / Corporate | FOCUS Jun 24, 2021

Corporate governance issues haunt troubled Toshiba as it faces off with investors

by Kazuaki Nagata

Amid scandal, a shareholders meeting on Friday is set to be a showdown between Toshiba’s board, who are pushing to retain Chairman Osamu Nagayama, and investors who want him out.

Carlos Ghosn looms over Nissan annual meeting years after arrest

Business / Corporate Jun 22, 2021

Carlos Ghosn looms over Nissan annual meeting years after arrest

by River Davis

Shareholders at the automaker’s annual meeting Tuesday repeatedly questioned executives about the events surrounding Ghosn’s 2018 arrest.

Toshiba's top shareholder, Effissimo, seeks change after probe found foul play

Business / Corporate Jun 18, 2021

Toshiba's top shareholder, Effissimo, seeks change after probe found foul play

The Singapore-based fund called on the group to improve its "dysfunctional" governance, after it was found to have colluded with the government to influence a general shareholders' meeting.

Tokyo bourse parent urges Toshiba to disclose information on governance

Business / Corporate Jun 17, 2021

Tokyo bourse parent urges Toshiba to disclose information on governance

A probe by lawyers revealed last week that Toshiba sought the industry ministry's help in blocking proposals by foreign activist investors.

‘Deeply disturbing’ Toshiba report points to powerful figures

Business / Corporate | FOCUS Jun 16, 2021

‘Deeply disturbing’ Toshiba report points to powerful figures

by Gearoid Reidy

It’s a rare public account of how Japan’s bureaucrats allegedly coordinated with a private company to exert control over foreign shareholders.

Toshiba to drop two board members as shareholders demand action

Business / Corporate Jun 14, 2021

Toshiba to drop two board members as shareholders demand action

by Takashi Mochizuki and Scott Deveau

An advisory firm has recommended voting against five board members, including the dropped pair, after a probe found the firm colluded with the government to fix a key shareholder vote.

In revolt, four directors call for Toshiba shake-up after explosive probe

Business / Corporate | FOCUS Jun 12, 2021

In revolt, four directors call for Toshiba shake-up after explosive probe

by Makiko Yamazaki

The public pushback by the independent directors, all non-Japanese, shows how the old guard of Japan Inc. can no longer exert full control over shareholders.

Toshiba sought ministry help to swing key vote, probe finds

Business / Corporate Jun 10, 2021

Toshiba sought ministry help to swing key vote, probe finds

by Gearoid Reidy and Min Jeong Lee

Toshiba sought government help in an attempt to influence a key shareholder vote that installed its slate of directors, a probe has found in a vindication for investor activism in Japan.

Japan's GPIF, forerunner on ESG investing, pulls back as trend catches on

Business Apr 12, 2021

Japan's GPIF, forerunner on ESG investing, pulls back as trend catches on

by Shoko Oda, Emi Urabe and Chikafumi Hodo

Constrained by stricter legal restraints, the world's top pension fund has largely been quiet on impact investing since appointing a new chief investment officer in April 2020.

« 1 2 3 … 7 »
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