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KLP pressures Toshiba after suspicion of AGM vote scandal

The Norwegian pension company will take a vote on demanding an external audit of Toshiba in an AGM on March 18, as requested by the Japanese conglomerate's largest shareholders.

Kiran Aziz, Senior Analyst for Responsible Investments at KLP Asset Management.

When Japanese conglomerate Toshiba holds its next annual general meeting, Norwegian pension firm KLP alongside other big money managers will vote on whether to order a probe into purported election irregularities at the Asian multinational's annual general meeting last year.

"There's a suspicion that up to 1,000 voting ballots were not counted at the AGM. Exercising the right to vote is one of the most important rights shareholders have. Management must represent these and uphold the interests of shareholders," KLP Asset Management Senior Analyst for Responsible Investments Kiran Aziz tells AMWatch's Norwegian sister media, FinansWatch.no.

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