{"id":109544,"date":"2021-03-15T00:19:47","date_gmt":"2021-03-15T00:19:47","guid":{"rendered":"https:\/\/fin2me.com\/?p=109544"},"modified":"2021-03-15T00:19:47","modified_gmt":"2021-03-15T00:19:47","slug":"top-toshiba-shareholder-gets-support-from-calpers-norway-fund-for-probe","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/top-toshiba-shareholder-gets-support-from-calpers-norway-fund-for-probe\/","title":{"rendered":"Top Toshiba shareholder gets support from CalPERS, Norway fund for probe"},"content":{"rendered":"
Slideshow ( 2 images )<\/span><\/figcaption>

TOKYO (Reuters) – California Public Employees\u2019 Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba Corp shareholder for an independent probe into the Japanese conglomerate, according to voting records.<\/p>\n

Singapore-based Effissimo, which is Toshiba\u2019s largest shareholder with a 9.9% stake, is calling for an independent investigation into allegations that shareholders were pressured about how to vote on director nominations ahead of last year\u2019s annual general meeting.<\/p>\n

CalPERS and NBIM, the largest U.S. public pension fund and the world\u2019s largest sovereign wealth fund, respectively, voted in favour of the independent probe ahead of an extraordinary shareholders\u2019 meeting on March 18.<\/p>\n

CalPERS owns 0.45% of Toshiba and NBIM has 1.32%, according to data from Refinitiv.<\/p>\n

Even though their stakes are small, backing from such prominent institutional investors could add to momentum for Effissimo and other activist shareholders who have been deeply dissatisfied with Toshiba\u2019s management over its governance and business strategy.<\/p>\n

However, Blackrock Inc – the world\u2019s biggest asset manager – has voted against Effissimo\u2019s proposal, a source familiar with the matter said. A representative for BlackRock in Japan declined to comment.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Slideshow ( 2 images )TOKYO (Reuters) – California Public Employees\u2019 Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal […]<\/p>\n","protected":false},"author":3,"featured_media":109543,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nTop Toshiba shareholder gets support from CalPERS, Norway fund for probe - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/top-toshiba-shareholder-gets-support-from-calpers-norway-fund-for-probe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Toshiba shareholder gets support from CalPERS, Norway fund for probe - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Slideshow ( 2 images )TOKYO (Reuters) – California Public Employees\u2019 Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/top-toshiba-shareholder-gets-support-from-calpers-norway-fund-for-probe\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T00:19:47+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/03\/cnewsfotor110-8.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/top-toshiba-shareholder-gets-support-from-calpers-norway-fund-for-probe\/\",\"url\":\"https:\/\/fin2me.com\/business\/top-toshiba-shareholder-gets-support-from-calpers-norway-fund-for-probe\/\",\"name\":\"Top Toshiba shareholder gets support from CalPERS, Norway fund for probe - 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