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Activist Toshiba shareholders score landmark win with vote for independent probe

TOKYO, March 18 (Reuters) - Toshiba Corp said on Thursday a majority of shareholders had voted for an independent probe into allegations that investors had been pressured ahead of last year’s annual general meeting - a landmark win for Japanese corporate governance.

Activist investor Effissimo Capital Management, which is Toshiba’s largest shareholder with a 9.9% stake, made the proposal after complaints that shareholders were pressured into following management recommendations for director nominations. (Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

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