Home Stock Market Glass Lewis recommends in opposition to re-appointment of Toshiba board chairman, 4...

Glass Lewis recommends in opposition to re-appointment of Toshiba board chairman, 4 others -Nikkei By Reuters


© Reuters. The brand of Toshiba Corp. is seen on the firm’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – U.S. proxy advisory agency Glass Lewis has urged shareholders to vote in opposition to the re-appointment of Toshiba (OTC:) Corp’s board chairman Osamu Nagayama and 4 others nominated to the board by the corporate, the enterprise day by day reported on Friday.

Glass Lewis advisable opposing the re-appointment of Junji Ota, chairman of Toshiba’s audit committee, the Nikkei mentioned.

Toshiba is because of maintain its annual normal shareholders’ assembly on June 25.

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