Proxy adviser ISS recommends voting against Toshiba board chairman, 4 others



© Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei Kato

TOKYO (Reuters) – Toshiba Corp shareholders should vote against the re-appointment of board chairman Osamu Nagayama and four other directors, proxy advisory firm ISS recommended on Saturday.

The recommendation by Institutional Shareholder Services Inc (ISS) follows an explosive shareholder-commissioned investigation that accused Toshiba and the government of colluding to pressure foreign investors.

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