11:39 uur 18-06-2021

Toshiba’s voorzitter van de raad van bestuur stuurt een open brief aan zijn aandeelhouders

TOKYO–(BUSINESS WIRE)– Toshiba Corporation (TOKYO:6502) heeft vandaag aangekondigd dat Osamu Nagayama, voorzitter van de raad van bestuur van Toshiba, een open brief heeft gestuurd naar de aandeelhouders van het bedrijf.

De volledige tekst van de brief is als volgt:

Beste aandeelhouders

Als voorzitter van de raad van bestuur van Toshiba Corporation (“Toshiba”, het “Bedrijf”) wil ik mijn diepe spijt uitspreken over recente onaanvaardbare gebeurtenissen bij het Bedrijf die uw vertrouwen in ons hebben aangetast.

U zou hebben gezien dat we al beslissende en onmiddellijke actie hebben ondernomen na de publicatie van het onderzoeksrapport, waarbij de lijst van genomineerden voor bestuurders, commissieleden en uitvoerende functionarissen vóór de komende AVA op 25 juni is gewijzigd.

Toshiba’s Chairperson of the Board of Directors Issues Open Letter to Its Shareholders

TOKYO–(BUSINESS WIRE)– Toshiba Corporation (TOKYO:6502) today announced that Osamu Nagayama, Chairperson of Toshiba’s Board of Directors, has issued an open letter to the company’s shareholders.

The full text of the letter is as follows:

Dear Shareholders

As the Chairperson of the Board of Directors of Toshiba Corporation (“Toshiba”, the “Company”), I would like to express my deep regret regarding recent unacceptable events at the Company which have eroded your trust in us.

You would have seen that we have already taken decisive and immediate action following the release of the Investigation Report, amending the slate of nominees for directors, committee members and executive officers ahead of the upcoming AGM on June 25.

I, together with the Board, am fully committed to ensuring we improve your Company’s governance fundamentally and enhance its corporate value. United, we shall be taking the following concrete steps with urgency:

In order to stop recurrence, we will conduct an inquiry, with third party participation, into why the unacceptable events occurred, put new preventive measures into place, and establish a robust compliance culture;
We will begin a thorough search, incorporating shareholder perspectives, for additional independent Board members with strong experience in managing a complex global business such as ours. As soon as such candidates are selected we will seek your approval at an EGM;
We will accelerate the selection process for a successor to Mr. Tsunakawa as CEO that can drive the changes needed in Toshiba in the medium term;
As previously announced, the Strategic Review Committee has been in preparation and will be launched immediately after the AGM; and
The Board has hired Makinson Cowell, an independent global investor study firm, to gather non-attributable feedback to provide us with a broad and transparent set of shareholder opinions as we make important strategic decisions.

Throughout this process the Company will continue to provide regular updates on our progress.

Since joining the Board less than a year ago, I have seen the great potential that lies within the Company and its employees. As the Chairperson my priority is to provide Toshiba with the governance and leadership that you deserve. I pledge to you that I will continue to be an agent of positive change, not a protector of the status quo.

Yours sincerely,

Osamu Nagayama

Chairperson of the Board of Directors

Toshiba Corporation