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Toshiba to Drop Two Board Members as Shareholders Demand Action Bloomberg 3 hrs ago © Bloomberg Toshiba Surges 18% Limit After CVC Capital Makes Buyout Offer (Bloomberg) Toshiba Corp. said it will drop two existing directors from its board as major shareholders demanded accountability after a probe showed unfair practices in last year’s selection process. Popular Searches The conglomerate won’t put forward the names of Junji Ota and Takashi Yamauchi for another term, it said in a statement after a special meeting on Sunday. It also won’t reappoint executive officers Masayasu Toyohara and Masaharu Kamo, the company said. A independent probe showed Toshiba sought government help in an attempt to influence a key shareholder vote that installed its slate of directors. The company “devised a plan to effectively prevent shareholders” from exercising their rights at a July 2020 meeting, working with Japan’s trade ministry to counter activist investors, according

Hiromichi mizunoJunji otaTakashi yamauchiYoshihide sugaHiroshi kajiyamaMasaharu kamoAyako hirota weissmanOsamu nagayamaNobuaki kurumataniNobuyuki kobayashiMasayasu toyoharaJapan incHarvard universityForeign exchangeInstitutional shareholder services incBloomberg toshiba corp