TOKYO (Reuters) - More than 20% of Toshiba Corp shareholders voted against a dissident external director and two board directors from activist hedge f.
Toshiba shareholders voted in on Tuesday two board directors from activist hedge fund investors - a step expected to add momentum to the industrial grou.
Toshiba shareholders approved 13 nominated directors to its board Tuesday, as the Japanese technology giant struggles to restore its one-time glory and set a clear leadership direction. Chief Executive Taro Shimada, who oversaw the annual shareholders’ meeting in Tokyo, said the majority had voted to OK that plan. He promised shareholders Toshiba Corp. would forge…