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Toshiba draws up plan to prevent pressure tactics -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Logos of Toshiba Corp are shown at the company’s annual general meeting, Tokyo, Japan. June 25, 2021. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO, Reuters – Toshiba (OTC) announced on Thursday that it has developed a plan for preventing pressure tactics from being used after an investigation revealed that Japan’s trade ministry had conspired with the Japanese government to stop investors from gaining influence in a shareholder’s meeting.

Toshiba has been promised that it will not rely too heavily on administrative authority and establish trust relationships with shareholders. The plan also records any contacts between executives and high-ranking government officials.

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