About: http://data.cimple.eu/news-article/d55c920bb7c886783770ecce54b73bc57ce7c8c577c5d6eba8a8ae4b

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About: http://data.cimple.eu/news-article/d55c920bb7c886783770ecce54b73bc57ce7c8c577c5d6eba8a8ae4b Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Toshiba shareholders on Friday rejected the reappointment of board chair Osamu Nagayama in a rebuke to management after revelations of attempts to sway voting on activist investor proposals. CEO Satoshi Tsunakawa said shareholders had voted down a bid to reappoint Nagayama and a member of the firm's audit committee. It came despite Tsunakawa offering his backing for the chairman of the board, and pledging to work on reestablishing trust after the damaging revelations of an independent probe. Earlier this month, the inquiry found that the troubled industrial conglomerate "devised a plan to effectively prevent shareholders from exercising their shareholder proposal right and voting rights" at a meeting in July 2020. The meeting, at which the activist shareholders' resolutions were rejected, was "not fairly managed", concluded their 140-page report. It also detailed how Toshiba had pursued an intervention from Japan's Ministry of Economy, Trade and Industry (METI). The probe was launched after shareholders alleging vote irregularities pushed Toshiba to hold an extraordinary off-schedule general meeting in March. Toshiba's former CEO Nobuaki Kurumatani resigned in April after a buyout offer from a private equity fund with which he was associated stirred further turmoil within the company. Toshiba was once a symbol of Japan's advanced technology and economic power but has lurched from scandals and losses to a recovery in recent years. nf-hih/sah/dan
schema:headline	Toshiba shareholders vote to oust board chair: CEO
schema:mentions	Active SETI Industry Japan Chief executive officer Nagayama Station (Hokkaido) Osamu Nagayama Audit committee Activist shareholder Private equity fund Toshiba Chaebol
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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