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Dollar soars, sterling sinks as coronavirus lockdowns stoke safe-haven demand
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Toshiba corrects AGM results, support rate for CEO revised to 57 20%
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Toshiba Corp s CEO Nobuaki Kurumatani attends a news conference in Tokyo
TOKYO (Reuters) – Toshiba Corp wants to decide how to respond to its top shareholder’s call for an extraordinary general shareholders meeting (EGM) “as soon as possible,” Chief Executive Officer Nobuaki Kurumatani said on Friday.
The board is yet to discuss what kind of options it has, Kurumatani told Reuters in an interview a day after Effissimo Capital Management asked the firm for an EGM to investigate whether the July 31 annual meeting was conducted in a fair manner.
Singapore-based Effissimo, which owns around 10% of Toshiba, claims that the voting rights of some shareholders were compromised at the July meeting.
Effissimo Capital Management: Request for an Extraordinary General Meeting of Shareholders of Toshiba Corporation
Effissimo Capital Management: Request for an Extraordinary General Meeting of Shareholders of Toshiba Corporation Effissimo Capital Management Pte Ltd (hereinafter referred to as “we”) today requested that Toshiba Corporation (hereinafter referred to as “Toshiba”) call an Extraordinary General Meeting of Shareholders to ˜elect a person who will be charged to investigate the status of the operations and property of the Stock Company as set forth in Article 316, Paragraph 2 of the Companies Act. The specific aim is to investigate whether the 181st Ordinary General Meeting of Shareholders held on July 31, 2020 (hereinafter referred to as “the 181st AGM”) was conducted in a fair and impartial manner. Please refer to the Exhibit for the details of the resolutions proposed at the Extraordinary General Meeting of Shareholders and the reasons behind the proposal.
Ship finance lenders fall short of sector’s carbon targets in 2019
Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed.
Global shipping accounts for nearly 3% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.
Last year, a group of leading banks signed up to environmental commitments known as the Poseidon Principles, whereby financiers take account of efforts to cut CO2 emissions when providing loans to shipping companies.
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