Ron Burgundy Posted August 18, 2015 Share Posted August 18, 2015 By Taiga Uranaka and Thomas Wilson TOKYO (Reuters) - Toshiba Corp proposed a new slate of outsiders to take a majority of seats on its board of directors, aiming to bolster governance of the laptops-to-nuclear conglomerate following a $1.2 billion accounting scandal. A new board lineup proposed on Tuesday also kept interim President Masashi Muromachi in his role on a more permanent basis, confirming media reports, maintaining stability but possibly disappointing some investors who hoped for a new leader. Toshiba's board overhaul follows criticisms over the scandal and coincides with government efforts to make Japanese companies more attractive to foreign investors by adopting governance guidelines for listed firms, including appointing multiple independent directors. View the full article Quote Link to comment Share on other sites More sharing options...
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