TOKYO (Reuters) – The chairman of Toshiba (OTC 🙂 Corp, facing calls to resign amid a corporate governance scandal, said he may resign after renewing his board and appointing a new CEO, according to the Wall Street Journal.
An independent investigation has alleged that Toshiba’s management colluded with the Japanese Ministry of Commerce to prevent foreign investors from gaining influence on the board, rekindling concerns about Japanese corporate governance and prompting calls for the resignation of the board chairman, Osamu Nagayama.
“These are the two main tasks if I remain a member of the board and as chairman of the board,” Nagayama said in the Journal interview.
“When I see that everything is in the correct order, it is an appropriate moment when I consider that I resign.”
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