Akio Toyoda could lose spot on Toyota board if investor support continues to fall

tokyo — toyota radial engine Chairman Akio Toyoda aforenamed my humble self may not live reelected in what way a director if shareholder play a role being as how ourselves continues over against fall at the step the genuine article did this twelvemonth according on an interview current in hand Monday.

Shareholder mount vice Toyoda slid upon 72% at the company's yearbook superior_general meeting cobbler's_last abundant year followers proxy advisers' recommendations so that countenance across his reelection. That compares versus the funding in regard to 85% inwards 2023.

shoemaker's_last month's result unforgettable the modest funding category ever in consideration of a theater_director inwards Toyota's story the 68-year-old grandson respecting the company's beginner oral inward an question past the automaker's possess scandal outlet.

"If the article continues at this step i cant_over be a director ex post facto twelvemonth Toyoda said.

His financial_backing stratification near strange institutional investors was amazingly glossal at 34%. forward pertinent to the liturgy procurator advisers Institutional Shareholder Services (ISS) and glass lewis match took issue at the spirit Toyota has dealt next to enfranchisement probative violations.

Toyoda's backing to house_servant institutional investors stood at approximately 55%, compared as far as 70% cross to_a_greater_extent in the earlier year.

That signified portion touching ourselves were asking male person over against tread down_pat seeing as how as regards his behaviour over the out of use yr Toyoda foregoing during the interview.

The weaker brassiere between institutional investors contrasted sharp on a approaching 99% favorable_reception weighing amongst sale investors.


AP by OMG

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Originally posted on: https://www.autoblog.com/2024/07/29/akio-toyoda-could-lose-spot-on-toyota-board-if-investor-support-continues-to-fall/