Toshiba to alter board director candidates as two step down By Reuters


© Reuters. FILE PHOTO: The brand of Toshiba Corp. is seen subsequent to a site visitors sign atop of a constructing in Tokyo, Japan June 11, 2021. REUTERS/Issei Kato

TOKYO (Reuters) – Toshiba (OTC:) Corp will change its slate of board director candidates for an unpcoming shareholder assembly as two beforehand nominated administrators are stepping down, it mentioned on Sunday, as disaster on the conglomerate deepened.

Audit committee chair Junji Ota and audit committee member Takashi Yamauchi will retire as board administrators, the corporate mentioned in an announcement on Sunday.

The shake-up follows an investigation that discovered the corporate had colluded with the Japanese authorities to strain traders.

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