Toshiba director Mariko Watahiki tenders resignation after shareholder vote

Watahiki, a former high court judge, had objected to appointing the candidates put forward by Elliott Management and Farallon Capital Management, saying the pair's presence on the board would skew it toward activist investors.

Reuters

June 28, 2022 / 11:37 IST

Source: Reuters

Toshiba Corp external director Mariko Watahiki tendered her resignation after a shareholder vote on Tuesday endorsing all proposed directors including two whose candidacy she had opposed, TV Tokyo reported.

Watahiki, a former high court judge, had objected to appointing the candidates put forward by Elliott Management and Farallon Capital Management, saying the pair's presence on the board would skew it toward activist investors.

Reuters

first published: Jun 28, 2022 11:37 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347