December 18, 2020
TOKYO (Reuters) – Toshiba Corp on Friday revised the support rate for the reelection of Chief Executive Officer Nobuaki Kurumatani at its shareholder meeting in July to 57.20% from 57.96%.
The Japanese firm corrected the voting results after finding over 1,000 postal voting forms went uncounted due to inappropriate vote-counting practices by its shareholder registry administrator Sumitomo Mitsui Trust Bank.
Toshiba also said 44.21% of its shareholders backed an activist fund’s proposal to elect its co-founder as board director, up from the original 43.43%.
(Reporting by Makiko Yamazaki; Editing by Chris Reese)