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Reuters
Exclusive-Toshiba to propose Elliott, Farallon executives join its board, sources says
TOKYO (Reuters) -Toshiba Corp plans to propose giving two of its major hedge fund shareholders seats on its board, people familiar with the matter said, a move that could give foreign investors more influence over the troubled Japanese conglomerate. Toshiba plans to nominate executives from Elliott Management and Farallon Capital Management for board seats ahead of its annual shareholder meeting in June, said the people, who declined to be identified because the matter has not been made public. Three of the people said Toshiba would propose an Elliott executive, and two of them said it would also propose one from Farallon.
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