Four Toshiba officials, including two board members, were removed from their positions after a four-hour emergency meeting on Sunday.
The conference, which promotes one of Japan’s most recognizable names despite its state of emergency, was launched last week. destructive report The deal the company made with the government to oppress investors.
The program of Independent report of 147 pages. The report also claims that the campaign was carried out with the help of former prime minister – now Prime Minister – Yoshihide Suga, which he denied.
The contents of the report surprised several Toshiba members. In a joint statement on Friday, four unscrupulous executives said the board and board had acted “unlawfully and contrary to the wishes of our shareholders”. In a rebellious manner, he said he did not agree with the entire Toshiba nomination team at their annual general meeting on June 25.
Sunday, the same four members he uttered a voice to say that he was glad to know that “under the direction of the chairman [Osamu] Nagayama has a number of important issues announced by Toshiba today ”.
Despite this, many shareholders in Toshiba have secretly said they believe this calls for resignation from the board – a position that could be further enhanced when women consider whether to vote against the re-election of Nagayama by other leaders in the Toshiba constituency at the AGM.
The four fired executives in Toshiba also include the head and second member of the accounting committee who misled the committee by concluding that there was nothing wrong with the company’s 2020 share meeting. According to sources close to the problem, Sunday’s meeting was debated whether all members of the accounting committee should have the qualifications of a Certified Practicing Accountant (CPA).
Those named in the report – and of the four supervisors who are forced to leave – were Masaharu Kamo and Masayasu Toyohara. Both leaders spoke to the ministry: Toyohara, according to investigators, called on the government to “strike” those with the most difficult shares.
Kamo, who was late from McKinsey just last year, he was also seen as a major figure in the group’s restructuring following the financial crisis and financial crisis.
The report focused on Toshiba’s 2020 AGM, at which the company’s biggest fundraisers tried to vote for Toshiba’s chief executive, Nobuaki Kurumatani. He did not survive, but through a process that the independent report concluded “did not go well”.
Kurumatani resigned from the post in April, which aroused the interest of investors to consider the board’s promise to establish a trial committee (SRC) to run the company on its own terms. One of the committee’s most urgent activities, two of its most savings agents, told FT, and assessed the company’s financial contribution from financial institutions following the withdrawal of $ 20bn from CVC.
Although there were encouraging calls from all members of the NGOs and funding for Toshiba to nominate members of the SRC on Sunday, people close to the party said this did not happen.
At first acceptable terms since the independent report was published, Toshiba said Sunday that he would take action to identify the root causes of the 2020 AGM crisis.
“We will articulate the responsibilities, take the necessary steps to prevent them from happening, and use the negotiations to better guide our managers,” Toshiba said.
