Toshiba shareholders voted on Thursday to go ahead with an independent investigation into claims that some investors were pressured on how to vote at least year’s annual general meeting (AGM).
As Euromoney reported in January, the case was considered a bellwether for corporate governance and shareholder activism in Japan.
Several shareholders, including the endowment fund of Harvard University, were allegedly pressured to follow management recommendations at the AGM, including on the reappointment of the CEO and other board members.
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