Japan’s Toshiba chairman fails to win shareholder approval

TOKYO: Battered Japanese nuclear and electronics giant Toshiba Corp. faced off with shareholders Friday, seeking to shake off serious questions about governance at the once revered brand.

After a meeting lasting nearly three hours, Tokyo-based Toshiba failed to win shareholder approval for the reappointment of Chairman Osamu Nagayama and one other member of the board of directors. The other nine candidates were approved.

The company had removed two nominations in a last-minute attempt to placate disgruntled stockholders.