FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021.
REUTERS/Issei KatoTOKYO (Reuters) -Toshiba Corp, facing a deepening crisis over corporate governance, said on Sunday it will change its board director nominees for an upcoming shareholder meeting, as two are stepping down.
The report was commissioned by shareholders, who voted in March for an independent investigation into allegations investors had come under pressure from the company.
Audit committee chair Junji Ota and audit committee member Takashi Yamauchi will retire as board directors, the company said in a statement, following a four-hour long emergency board meeting.
In the statement, Toshiba said it “will take action to identify the root cause without delay, in an objective and transparent manner, including the participation of third parties.”Toshiba is set to hold its annual shareholders meeting on June 25.
Issei Kato TOKYO, Junji Ota, Takashi Yamauchi, Masayasu, Kamo
Toshiba Corp, REUTERS, Toshiba