Toshiba's new head of board - 27-08-2015

  • The Japanese conglomerate on Aug. 18 proposed a fresh 11-member board with seven external directors, including Maeda, and left vacant the chairman post, previously held by President Masashi Muromachi.

    At an extraordinary shareholders' meeting scheduled next month, Toshiba will propose changing its corporate code to allow external directors to head the board and preside over its meetings, the people said, declining to be identified because the decision remains confidential. Full article