Toshiba and Japan trade ministry colluded, probe finds
Report undermines Tokyo’s efforts to improve corporate governance and win over foreign investors
10 June 2021 - 16:07
Tokyo — Japan’s trade ministry colluded with Toshiba’s management to unduly influence a shareholder vote in 2020, an independent probe found, undermining Tokyo’s efforts to improve corporate governance and win over foreign investors.
The investigators’ report released on Thursday marks an explosive turn in a long-running battle between the Japanese company’s management and foreign shareholders, which include activist investors and Harvard University’s endowment fund...
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