Toshiba Chairman Faces Vote for Survival

Toshiba's AGM has shifted from a quiet affair to a contentious event, with significant shareholder opposition to Chairman Nagayama. Key opponents include Norway's sovereign wealth fund and Florida's state board, while supporters like the California State Teachers Retirement System back him. The controversy stems from past governance issues, with Nagayama promising transparency and board improvements. Despite calls for change, some argue his removal would cause confusion. The meeting's outcome is eagerly anticipated.

What has changed about Toshiba's AGM shareholder meetings in recent years?

• They have become more profitable.

• They have become more contentious.

• They have become less attended.

• They have become shorter.

Which organization is NOT mentioned as opposing Nagayama?

• Norway's sovereign wealth fund

• State Board Administration of Florida

• Calvert Research and Management

• California State Teachers Retirement System

What did the independent commission's report reveal about Toshiba's management?

• They increased shareholder profits.

• They improved corporate governance.

• They expanded into new markets.

• They collaborated with public officials against overseas investors.

What is Nagayama's main argument against changing the board immediately?

• It would attract more investors.

• It would increase profits.

• It would lead to more confusion.

• It would improve transparency.

What is one of Nagayama's past leadership roles mentioned in the transcript?

• Director at Apple

• Manager at Microsoft

• CEO of Toshiba

• Leader of Two Guy Pharmaceuticals