An external lawyer survey revealed that Toshiba was allegedly undergaining the exercise of shareholder voting rights at the general meeting of shareholders with the Ministry of Economy, Trade and Industry.A yellow signal turned on the continuation of the officers who were involved in pressure on shareholders and left the situation.Toshiba's "human resource deficiency" is likely to worsen.(Diamond editorial department Keibun Senbon Ki)
The pursuit of the survey report was extremely large, with only a survey by a lawyer who was pressed by the Toshiba and the Japanese government, which was pressed by the Japanese government.
The stage of the question is the Toshiba General Meeting of Toshiba, which was held in 2020.Activists such as Singapore's investment fund Effissimo Capital Management have been pressure.
Effissimo, the largest shareholder, who had about 15 % of Toshiba's voting rights, made a shareholder proposal from the fund to send directors to Toshiba, but was rejected at the regular general meeting of shareholders in July of the same year.
Effissimo made an "another shareholder proposal" to investigate whether the operation of the general meeting of shareholders was appropriate, and won the approval of the passage at the extraordinary general meeting of shareholders in March this year (management team is shareholder.I opposed the proposal).
It was a survey by an external lawyer that realized after that.
The report describes the details of the fact that Toshiba executives pressed the activists in a close manner in collaboration with the Ministry of Economy, Trade and Industry's executives in order to continue the management of the President Nobuaki Hakutani at the time.
The Ministry of Economy, Trade and Industry tries to withdraw the shareholder proposal by Effissimo while flirting the regulations on foreign shareholders under the revised foreign exchange and the Foreign Trade Law (Foreign Affairs Law), and exercises voting rights for the appointment proposal.I was guiding me not to do it.
The description of the report is fresh.For example, this fact has been revealed for Mr. Kagaya.
Mr. Kagani, who was in danger of repeating the president, said about the candidate for the director that Effissimo tried to send it to Toshiba, "I have to voluntarily lower the two. Please check the crying place of Takeuchi."
The report also describes not only Mr. Kotani but also the involvement of this issue by Toshiba's active officers.
On June 11, four people, including Toshiba's outside directors Jerry Black, argued that the company does not support the Candidate Candidate on June 25, saying that "not everyone is supported."did.As a result, it is more likely that multiple executives will be "waiting".