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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.