Sony Pixel Power calrec Sony

Glass Lewis Joins ISS in Recommending Toshiba Shareholders Vote FOR the Election of All 12 Toshiba Director Nominees

17/07/2020

Toshiba Corporation (TOKYO: 6502) today announced that Glass Lewis & Co. ( Glass Lewis ), a leading independent proxy advisory firm, has recommended that shareholders vote for all 12 of Toshiba's highly-qualified director nominees at the Company's Ordinary General Meeting of Shareholders for the 181st Fiscal Period, to be held on July 31, 2020. Glass Lewis' recommendation follows Institutional Shareholder Services' ( ISS ) recommendation that Toshiba shareholders also vote for all 12 of Toshiba's nominees and supports Toshiba's position that its 12 nominees are the right leaders to guide the Company and create long-term shareholder value.

As Glass Lewis stated in its independent report*1: The Company has appointed a high number of independent directors to its board. At the forthcoming annual general meeting of shareholders, the Company has nominated 12 directors to the board, including 10 outside directors, all of whom we consider to be truly independent. We commend the Company for nominating more than 50% of truly independent directors to its board, a practice which is rare in Japan.

Toshiba's Board of Directors stated, We are pleased Glass Lewis has joined ISS in recommending that Toshiba shareholders vote for all of our director nominees. The support of the two leading independent proxy advisory firms further validates that last year's significant Board refreshment with shareholder input created a highly diverse and qualified Board that has the right mix of skills, experiences, and new perspectives to provide independent oversight of the continued execution of our transformational Toshiba Next Plan (TNP). Through the TNP, we expect to position the Company for the future and deliver sustainable long-term growth and value to all of our shareholders. We strongly encourage Toshiba shareholders to vote for our director nominees at our upcoming Ordinary General Meeting of Shareholders.

In making its recommendation, Glass Lewis noted:

Having reviewed the available arguments, as well as Toshibas rebuttals, while we acknowledge legacy issues at Toshiba cast a rather long shadow, we do not believe either of Effissimo or 3DI have offered clear and compelling cause to support their nominees at this time.

with reference to the experience and expertise of Toshibas candidates, we do not believe there is suitable cause to support the nominees advanced by either Effissimo or 3DI at this time.

ISS agrees. In its recent report, ISS noted*2: our analysis and engagement with the company suggest that the recently reconstituted board is appropriately focused on the key issues impacting Toshiba. As such, additional change at the board level does not appear necessary.

The Board unanimously recommends that Toshiba shareholders to vote FOR director candidates 1-12 and AGAINST candidates 13-17, as listed in our Convocation Notice.

Institutional investors and those shareholders holding shares through a custodian or intermediary should directly contact their custodian or voting platform provider for proxy voting instructions. Please be mindful that custodial vote deadlines may be very much earlier than the market deadline of 17:15 JST on 30 July 2020. Shareholders are encouraged to submit their proxy votes online through the electronic voting platform ProxyEdge operated by ICJ, Inc., if they have applied in advance to do so. Please refer to the Convocation Notice for further guidance, which can be found at https://www.toshiba.co.jp/about/ir/en/stock/meeting.htm.

Notes:

*1: Permission to quote from the Glass Lewis report was neither sought nor obtained.

*2: Permission to quote from the ISS report was neither sought nor obtained.
LINK: http://www.toshiba.co.jp/about/press/2020_07/pr1701.htm...
See more stories from toshiba

Most recent headlines

19/03/2025

Calrec's Argo Q helps NEP Denali go for gold

Calrec's Argo Q helps NEP Denali go for Gold with complete audio overhaul NEP Denali has doubled its surface real estate with the installation of a 144-fad...

19/03/2025

Nielsen Launches its 2025 Global Media Planning Report

Report highlights three key trends in a shifting media landscapeNew York, NY - March 19, 2025 - Nielsen, a global leader in audience measurement, data, and anal...

19/03/2025

Gray Stations Add 'Local News Live' to Daily Programming Lineup

ATLANTA Gray Media has announced that the 'Local News Live' afternoon newscast has been added to the programming lineup on 37 of Gray Media's local ...

19/03/2025

DirecTV for Business Adds Tubi to the Advanced Entertainment Platform

DirecTV for Business has integrated the Tubi app into its Advanced Entertainment Platform for hotels and institutions. DirecTV launched the platform in June 202...

19/03/2025

Frequency to Launch Graphics+ at 2025 NAB Show

LOS ANGELES Frequency has announced that it will be launching a fully integrated graphics platform as part of Frequency Studio at the 2025 NAB Show....

19/03/2025

NAB 2025: CueScript Maximizes Teleprompter Experience with New Tools Ranging from Setup to Delivery

NAB 2025: CueScript Maximizes Teleprompter Experience with New Tools Ranging fro...

19/03/2025

Church of the Nativity Christmas Eve Service Uses Blackmagic Design

Church of the Nativity Christmas Eve Service Uses Blackmagic Design Brie Clayton March 19, 2025 0 Comments Annual event uses Blackmagic Design cameras...

19/03/2025

SMPTE Unveils 2025 NAB Show Educational Presentations

SMPTE Unveils 2025 NAB Show Educational Presentations Brie Clayton March 19, 2025 0 Comments SMPTE , the home of media professionals, technologists, a...

19/03/2025

Music Marketing: 5 Proven Strategies to Engage and Grow Your Fanbase

Music Marketing: 5 Proven Strategies to Engage and Grow Your Fanbase Find out how you can get your work in front of more people with these music marketing str...

19/03/2025

SMPTE Unveils 2025 NAB Show Educational Presentations

WHITE PLAINS, N.Y. SMPTE, the home of media professionals, technologists, and engineers, today unveiled the educational presentations that will be shown at this...

19/03/2025

Approval for new West London studios at landmark venue

Six new sound stages will be built at The Gillette Factory in Hounslow By Matthew Corrigan Published: March 19, 2025 Six new sound stages will be built at...

19/03/2025

Mediagenix Integrates Spideo Recommendation and Curation...

Mediagenix, a global leader in smart content solutions to profitably connect the right content to the right audience, today announced the integration of Spideo&...

19/03/2025

Net Insight partners with NETINT to elevate Nimbra Edge...

Net Insight is taking a major step forward in enhancing its internet media transport solutions by partnering with NETINT Technologies to integrate their cutting...

19/03/2025

Bitmovin unveils new enhancements for Multiview to suppor...

Bitmovin, a leading provider of video streaming solutions, has announced its Multiview has been optimized to support low-latency streaming and advertisements. B...

19/03/2025

ELEMENTS brings advancements to groundbreaking technology...

ELEMENTS will be presenting an extensive line-up of technological advancements as part of this year's NAB Show, including BLINK with fast, flexible and secu...

19/03/2025

SES Update on Annual General Meeting Agenda

Annual General Meeting is scheduled for 3 April 2025 Board of Director Nominees Ellen Lord and John Shaw to provide critical expertise and U.S. perspective ...

19/03/2025

Streaming's TV Viewing Share Hits Record 43.5% in Feb.

NEW YORK Despite the boost provided by massive viewing of the Super Bowl on Feb. 9, a new report from Nielsen's The Gauge shows that streaming increased its...

19/03/2025

Cine Gear Expo to be Held at Universal Studios Lot

LOS ANGELES Cine Gear Expo has announced that the filmmaking exposition has chosen the world-renowned Universal Studios Lot for the location of Cine Gear Expo L...

19/03/2025

Tax Incentives Won't Solve Hollywood's Problems

Tax Incentives Won't Solve Hollywood's Problems Andy Marken March 18, 2025 0 Comments Taking the wrong boy was a lucky break. In other words,...

19/03/2025

Watch Berklee Valencia Alum Wow the American Idol Judges with an Otis Redding Song

Watch Berklee Valencia Alum Wow the American Idol Judges with an Otis Redding So...

19/03/2025

Three Industry Veterans Join Blancco's Executive Leadership Team

Home News & Press Press Release Three Industry Veterans Join Blancco's Executive Leadership Team Three Industry Veterans Join Blancco's Executive...

19/03/2025

NVIDIA Blackwell Powers Real-Time AI for Entertainment Workflows

AI has been shaping the media and entertainment industry for decades, from early recommendation engines to AI-driven editing and visual effects automation. Real...

19/03/2025

NVIDIA Honors Americas Partners Advancing Agentic and Physical AI

NVIDIA this week recognized 14 partners leading the way across the Americas for their work advancing agentic and physical AI across industries. The 2025 Americ...

19/03/2025

World's Smallest Slow-motion Camera at NAB2025

World's Smallest Slow-motion Camera at NAB2025 posted: 19/03/2025 Proton to Launch World's Smallest Slow-motion Camera at NAB2025 Proton Camera I...

19/03/2025

Thales to provide high-performance sonar suite for future Orka-class submarines in the Netherlands

Facebook Twitter LinkedIn Under an agreement signed by Thales and Naval Gr...

19/03/2025

Psst... Follow us on Instagram and get 10% off in our web-shop!

We're thrilled to invite you to follow us on Instagram, where we'll be posting exclusive content, behind-the-scenes peeks, special promotions, and so mu...

18/03/2025

Seamlessly Bridge SDI and IP with On-Ramp from Utah Scientific

Seamlessly Bridge SDI and IP with On-Ramp from Utah Scientific Transitioning to IP doesn't have to be a daunting, expensive overhaul. Utah Scientific is pro...

18/03/2025

Celebrate Women's History Month With These Empowering Audiobooks

Looking for inspiration this Women's History Month? Discover the stories of trailblazing women with audiobooks on Spotify. Our Women's History Month aud...

18/03/2025

Podcasts Take Center Stage at SXSW as Top Creators Discuss Video's Impact

From morning commutes to late-night listening sessions, Spotify is the essential daily companion for millions of listeners globally. Podcasts, in particular, ha...

18/03/2025

The Gauge: Mexico February 2025

During February, audiences in Mexico slightly increased their streaming usage by 0.6 points compared to the previous month, accounting for 22.3% of TV viewing. ...

18/03/2025

The Gauge: Poland | February 2025

February is the time of winter holidays, during which Poles often organize trips, which was reflected in less time spent in front of TV screens: on average 5 mi...

18/03/2025

The Gauge: FOX's Successful Cross-Platform Super Bowl Strategy Drives A Huge Day in Television Viewing

Sunday, Feb. 9 becomes the second most-watched day of TV in Gauge history with o...

18/03/2025

Broadcasters Foundation of America Elects New Board Members

NEW YORK The Broadcasters Foundation of America (BFOA) has elected Kristin Cantrell, Owner/CEO, Seven Mountains Media and CapCity Communications, Kate Riley, Pr...

18/03/2025

Peacock Launches Live Streams of NBC Sports Regional Networks

NEW YORK NBCU's streaming service Peacock continues to ramp up its sports offering with the launch of in-market streaming of four NBC Sports Regional Networ...

18/03/2025

FCC Commissioner Starks to Resign 'This Spring'

WASHINGTON Federal Communications Commission commissioner Geoffrey Starks has issued a statement saying he plans to resign from the regulatory agency this spri...

18/03/2025

Miri Technologies to Make NAB Show Debut with X510 Dual-Cellular Bonding Router

Miri Technologies to Make NAB Show Debut with X510 Dual-Cellular Bonding Router Brie Clayton March 18, 2025 0 Comments Innovative, purpose-built hardw...

18/03/2025

Blackmagic Design Powers League of Legends and Valiant Grand Finals

Blackmagic Design Powers League of Legends and Valiant Grand Finals Brie Clayton March 18, 2025 0 Comments Mira! Broadcast enhances esports storytelli...

18/03/2025

Grass Valley Unveils New Solutions for End-to-End Media Production at NAB Show 2025

Grass Valley Unveils New Solutions for End-to-End Media Production at NAB Show 2...

18/03/2025

Appear Launches the X5: Redefining Scalable Live Production at NAB Show 2025

Appear Launches the X5: Redefining Scalable Live Production at NAB Show 2025 Brie Clayton March 18, 2025 0 Comments At NAB Show 2025 , Appear, the glo...

18/03/2025

Peakto 2.3: Keep All Your Photos and Videos Stored Locally-Yet Accessible Everywhere, Without the Cloud

Peakto 2.3: Keep All Your Photos and Videos Stored Locally-Yet Accessible Everyw...

18/03/2025

World's smallest global shutter broadcast camera to debut at NAB Show

According to the company, the AtomTwos colour reproduction, global shutter and wide colour gamut make it simple to match to box cameras in major productions By...

18/03/2025

Meet the deputy head of customer delivery

Meghna Londhe, deputy head, customer delivery at Magnifi, tells TVBEurope how a fascination of the unknown led to a career in media technology By Matthew Corri...

18/03/2025

Dalet Solutions Launch on AWS Marketplace - Accelerating...

Dalet, a leading technology and service provider for media-rich organizations, today announced that Dalet Flex, Dalet Pyramid and Dalet AmberFin are available i...

18/03/2025

Telestream Vantage Innovations Enable Bold Transformation...

Telestream, a global leader in media workflow technologies, introduced key innovations and additions to its flagship Vantage platform. The breadth and depth of ...

18/03/2025

Pebble provides playout for SRF facility

Pebble, the leading automation, content management and integrated channel specialist, has completed the development and implementation of the playout functional...

18/03/2025

Synamedia unveils Quortex Switch - an industry first stan...

Synamedia, a leading provider of video software solutions, today announced the launch of Quortex Switch, a next-generation SaaS-based multi-CDN management tool ...

18/03/2025

Major European broadcast operators signal to mobile OEMs...

In a significant step towards planning first commercial service across the European continent, the 5G Broadcast Strategic Task Force (5BSTF) comprising Media ...

18/03/2025

LTN unveils live sports channel distribution and real-tim...

At NAB 2025 (#W2601), LTN will unveil live sports, channel distribution, and real-time content versioning technologies designed to drive revenue for sports leag...

18/03/2025

Mo-Sys Dominates NAB Show 2025 with VP and AR Development...

Mo-Sys Engineering, a leader in virtual production (VP), tracking and broadcast robotics, will be exhibiting at NAB Show demonstrating its latest innovations fo...