Glass Lewis recommends against re-appointment of Toshiba board chairman, 4 others -Nikkei

Stock Markets55 minutes ago (Jun 11, 2021 03:11AM ET)

(C) Reuters. The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – U.S. proxy advisory firm Glass Lewis has urged shareholders to vote against the re-appointment of Toshiba (OTC:TOSYY) Corp’s board chairman Osamu Nagayama and four others nominated to the board by the company, the Nikkei business daily reported on Friday.

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

Toshiba is due to hold its annual general shareholders’ meeting on June 25.

Glass Lewis recommends against re-appointment of Toshiba board chairman, 4 others -Nikkei

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