Toshiba Corp

Toshiba Corp's former board chairman lost his bid for re-election last week with 56% of votes cast against him, according to a breakdown of the results that marked a watershed moment for corporate governance in Japan.

Toshiba Corp's former board chairman lost his bid for re-election last week with a support rate of 43.74%, according to a breakdown of the vote that marked a watershed moment for corporate governance in Japan.

Toshiba Corp shareholders ousted the chairman of the board on Friday, delivering a powerful rebuke to the company after management was found to have colluded with the Japanese government to put pressure on foreign investors.

Shareholders voted out the chairman of the board of Toshiba Corp and one other director on Friday in a stinging rebuke after the company was found to have colluded with the government in suppressing foreign investor interests.

Singapore-based fund 3D Investment Partners said it welcomed the changes to Toshiba Corp's board after shareholders voted out board chairman Osamu Nagayama on Friday.

Toshiba Corp shareholders on Friday voted out Osamu Nagayama as board chairman, a forceful rebuke of the company after it was found to have colluded with the government in suppressing foreign investor interests.

Toshiba Corp kicked off its annual general meeting on Friday, with shareholders set to decide on whether to keep Osamu Nagayama as board chairman. The vote - expected to be very close - is seen by many as a referendum on corporate governance in Japan.

Investigators who revealed Toshiba colluded with Japan's trade ministry to pressure foreign shareholders on Thursday defended their inquiry against government criticism.

The investigators who revealed Toshiba Corp colluded with Japan's trade ministry to pressure foreign shareholders defended the integrity of their inquiry, pushing back against government criticism it was one-sided.

A senior member of Japan's ruling party on Thursday accused activist investors in Toshiba Corp of focusing only on short-term profits and called for better monitoring of such investors to protect economic security.

A senior member of Japan's ruling party on Thursday lashed out at activist investors of Toshiba Corp for what he said was a sole focus on short-term profits, and called for better monitoring of activists to protect economic security.

Japan's Kioxia Holdings Corp, the world's second largest maker of flash memory chips and formerly known as Toshiba Memory, plans an initial public offering as early as September, weekly financial magazine Diamond reported on Thursday.

Japan's Kioxia Holdings Corp, formerly known as Toshiba Memory, plans to list as early as in September, weekly financial magazine Diamond reported on Thursday.

The Japanese government is looking at tightening regulations on foreign funds that hold stakes in domestic firms with important technology in areas such as nuclear power and defence, the Yomiuri newspaper reported on Wednesday.

A former Japanese government adviser said he did not put pressure on Harvard University's endowment fund to influence its voting at Toshiba Corp's contested shareholder meeting last year, and that the fund should "set the record straight".

A former Japanese government adviser said he did not put pressure on Harvard University's endowment fund to influence its voting at Toshiba Corp's contested shareholder meeting last year, and that the fund should "set the record straight".

Toshiba Corp Board Chairman Osamu Nagayama is tipped to win reappointment at a pivotal shareholders' meeting this Friday - albeit by a thin margin, two people familiar with the matter said.

Japan's Toshiba Corp on Monday promised to drastically improve corporate governance and, ahead of a crucial shareholder meeting this week, released an internal report that had cleared management of wrongdoing.

Japan's Toshiba Corp promised on Monday to drastically improve corporate governance after an independent report said management colluded with government officials to pressure foreign shareholders before a key vote on board appointments last year.