Toshiba’s chairman pushes back against investor calls to resign ...Qatar

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Toshiba’s chairman pushes back against investor calls to resign
Toshiba Corp’s chairman of the board on Monday pushed back against investor calls to resign, saying he wanted to help right the crisis-hit Japanese conglomerate and would bring in new directors. Toshiba has come under fierce scrutiny after an independent investigation last week revealed management colluded with Japan’s powerful trade ministry to block foreign investors from gaining board influence, in what one leading shareholder has called the world’s worst corporate scandal in a decade. In response to the investigation, the once-storied conglomerate said over the weekend it would no longer be putting forward the names of two directors for re-election and that two other executives would al

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