TOKYO (Reuters) - Toshiba Corp shareholders should vote in favour of a proposed independent investigation into allegations that investors were pressured ahead of last year's annual general meeting, an influential proxy adviser has recommended.
The recommendation has the potential to tip the balance of power towards Effissimo Capital Management and other activist shareholders in their long-standing row with Chief Executive Nobuaki Kurumatani and management of the scandal-hit industrial conglomerate.
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