Home News Company in the news

Singapore-based Effissimo calls for independent probe into Toshiba

Reuters3/15/2021 9:29 AM GMT+08  • 1 min read
Singapore-based Effissimo calls for independent probe into Toshiba
Effissimo is Toshiba’s largest shareholder with a 9.9% stake.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

California Public Employees’ Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba Corp shareholder for an independent probe into the Japanese conglomerate, according to voting records.

Singapore-based Effissimo, which is Toshiba’s largest shareholder with a 9.9% stake, is calling for an independent investigation into allegations that shareholders were pressured about how to vote on director nominations ahead of last year’s annual general meeting.

CalPERS and NBIM, the largest US public pension fund and the world’s largest sovereign wealth fund, respectively, voted in favour of the independent probe ahead of an extraordinary shareholders’ meeting on March 18.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.