Toshiba changes board nominees as two step down in deepening crisis

FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei Kato

TOKYO (Reuters) - Toshiba Corp, facing a deepening crisis over corporate governance, said on Sunday it will change its board director nominees for an upcoming shareholder meeting, as two are stepping down.

The shake-up follows an investigation that found the company had colluded with the Japanese government to pressure foreign investors, a revelation that its second-largest shareholder called the greatest corporate governance scandal in the world in the last decade.