TOSBF - Toshiba chairman says he might resign once governance issues are resolved

jetcityimage/iStock Editorial via Getty Images Toshiba ([[TOSBF]],[[TOSYY]]) Chairman Osamu Nagayama says he will consider resigning once the company's board is staffed with more people with experience running companies and a new CEO is handed the reins. “These are the two major tasks if I remain as a board member and the chairperson of the board,” Nagayama tells the Wall Street Journal. “When I see the whole thing set in the right order, it’s an appropriate time I consider myself to resign.” Nagayama, who previously headed a Japanese pharmaceutical company with Roche as the majority owner, is up for reelection at Toshiba's annual meeting on June 25. Shareholder pressure has mounted since an investigation found that Toshiba colluded with the Japanese government to pressure a shareholder vote last summer that put the current board directors in their seats. A recent emergency board meeting removed four executives, including two directors.

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Toshiba chairman says he might resign once governance issues are resolved