Top
image credit: Unsplash

Toshiba shareholders vote against the management

March 24, 2022

Category:

Shareholders also voted against a proposal by activist shareholder 3D Investment Partners of Singapore to consider other options including a sale of the company to private equity.

The way ahead after the two votes is unclear.

“We are going to consider all options that will improve the value of our company,” said CEO Taro Shimada after the vote.

Before the vote chairman, and former CEO, Satoshi Tsunakawa had said: “”We want to achieve our own vision of becoming, by ourselves, an active contributor to resolving global issues such as climate change, and reforming the company, rather than selling ourselves to a foreign buyout fund and asking them to do it for us.”

Read More on Electronics Weekly