The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan, on Feb 13, 2017. BOSTON/TOKYO: A former Japanese government adviser said he did not put pressure on Harvard University's endowment fund to influence its voting at Toshiba's contested shareholder meeting last year, and that the fund should"set the record straight".
Mizuno's comments to Reuters in an interview late on Monday were his first public remarks about Toshiba since the investigation found management colluded with METI to block the influence of Effissimo, HMC and other foreign shareholders, and provided new details about the talks. He had previously told the Financial Times he was not representing the Japanese government.
The report said even if Mizuno spoke as a private citizen, shareholders would understand his government influence. Mizuno said the leaders of the US$41-billion endowment, Chief Executive NP "Narv" Narvekar and Chief Investment Officer Rick Slocum, welcomed his input.Effissimo had nominated three candidates to Toshiba's board at the Jul 31 meeting, all of whom were opposed by management. None failed to be elected although one received 44 per cent of the vote.
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