Toshiba shareholders OK 2 new activist investors as board members

Toshiba Corp. shareholders on Tuesday approved a proposal for appointing 13 board members, including two new members from overseas investment funds that are considered activist investors, prompting the resignation of one director critical of the new board makeup.Under the new management, the Japanese conglomerate with a nearly 150-year history is expected to hasten steps to revamp itself, including going private amid frustration among investors over its lackluster efforts to raise corporate value.Six of the 13 approved for the board of directors at Tuesday's annual shareholders meeting come…READ FULL ARTICLE