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Proxy adviser ISS recommends against Toshiba’s break-up plan

by Mike Robinson

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© Reuters. FILEPHOTO: Staff member poses for a photograph as they approach a shareholder at the venue of Toshiba Corp’s annual general assembly with shareholders. This was in Tokyo, Japan on June 25, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Influential proxy advisory company Institutional Shareholder Services, (ISS) advised against Toshiba Corp’s plan to dissolve. The vote will take place on March 24, as reported by the Business Daily.

Japanese conglomerate, Conglomerate Japan, is looking to split into two companies. A special shareholders meeting will be held to get approval.

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