14 Jun 2021 02:20PMTOKYO: Toshiba apologised to shareholders on Monday and said it would remove two directors after a probe found the Japanese conglomerate had sought government help to try and influence a boardroom vote.
"We apologise to our shareholders and all the other stakeholders in view of their concerns and anxieties that they have expressed with respect to this," Nagayama said. Toshiba was once a symbol of Japan's advanced technology and economic power but has lurched from scandals and losses before staging a recovery in recent years.The industrial group has worked on its financial woes and strengthened its governance, with a board now composed of mostly external directors.
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