Toshiba Shareholders Approve Proposal to Invite Activist Investors to Board
June 27 2022 - 10:52PM
Dow Jones News
By Megumi Fujikawa
TOKYO--Toshiba Corp. shareholders on Tuesday approved the
company's proposal to invite representatives from two foreign
activist funds onto its board.
Toshiba is aiming at improving its relationship with foreign
shareholders by appointing new directors from major U.S.-based
shareholders Elliott Management Corp. and Farallon Capital
Management LLC.
Following the appointments of Nabeel Bhanji, senior portfolio
manager of Elliott Investment Management, and Eijiro Imai, managing
director at Farallon Capital Japan, nearly half of Toshiba's board
has ties with a small group of major foreign shareholders.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
(END) Dow Jones Newswires
June 27, 2022 23:37 ET (03:37 GMT)
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