Two influential proxy advisers have both recommended voting for the appointment of all Toshiba Corp director nominees including two from activist shareholders, despite objection to the move from within the board.
Nominees include those from Elliott Management and Farallon Capital Management, which own about 10% of Toshiba.
The recommendations come despite objection by external director Mariko Watahiki, who has said having the two shareholder representatives would skew the board toward activist investors.
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