Toshiba to Drop Two Board Members

The transcript discusses the upcoming press conference and shareholder meeting for Toshiba, highlighting the company's decision not to reappoint certain directors and executive officers. It delves into the implications of an independent report that criticizes Toshiba's management and political connections, including the involvement of Japan's trade minister and prime minister. The report suggests a challenging environment for activist investors in Japan. The transcript concludes with details on the upcoming events where Toshiba will address these issues.

What decision did Toshiba make regarding its current directors and executive officers?

• They extended the terms of all executive officers.

• They decided to reappoint all current directors.

• They chose not to reappoint certain directors and executive officers.

• They appointed new directors from outside the company.

What did the advisory firm Institutional Shareholder Services recommend after the independent report?

• To support all Toshiba board members.

• To vote against all five Toshiba board members.

• To abstain from voting on board members.

• To appoint new board members immediately.

Which political figures were implicated in the report concerning Toshiba?

• Foreign investors and Toshiba's CEO.

• Japanese trade minister and the current Prime Minister.

• Only Toshiba's management was implicated.

• Local government officials and Toshiba's board.

What role did the Japanese ministry allegedly play in the Toshiba situation?

• They remained neutral and uninvolved.

• They encouraged foreign investors to buy more shares.

• They persuaded Harvard University's endowment to abstain from voting.

• They supported Toshiba's independent shareholders.

What significant event is scheduled for June 25th concerning Toshiba?

• A new product launch.

• A general shareholder meeting.

• An annual board meeting.

• A press conference to announce new directors.