Gia Motors News According to Bloomberg News, Toyota Motor Corporation Chairman Akio Toyoda was re-elected with the lowest shareholder support rating in history.
Akio Toyoda.
Photo source: Toyota Motor, on June 18, at Toyota Motor’s annual shareholders ‘meeting, Akio Toyoda and nine other board members were successfully re-elected despite two main acting advisers proposing opposition.
On June 19, a document submitted by Japan’s Ministry of Finance showed that Akio Toyoda received only 71.
93% of the votes, down from 84.
57% last year.
It was also a significant drop from the 96% he received in 2022, and it was the lowest level for Akio Toyoda since Toyota began publishing this data in 2010.
In addition, Koji Sato, who became CEO of the company in April last year, received 95.
44% of the votes.
Meanwhile, a proposal urging Toyota to be more transparent in its lobbying campaign against climate policy received 9.
17% of the votes, compared with about 15% last year.
Toyota said in a statement,”We received feedback and questions from participating shareholders, not only related to certification issues, but also related to dividends to shareholders.
In the future, we will continue to attach importance to dialogue with shareholders, sincerely listen to their feedback and solve problems.
“, Akio Toyoda’s performance and corporate governance were the focus of the meeting.
Earlier, Toyota Motor faced a series of new regulatory troubles after an investigation found problems with the vehicle safety certification of five Japanese automakers.
Earlier, there were reports that if shareholders ‘support for Akio Toyoda drops further this year, it may prompt Toyota to further promote governance reforms.
Analysts pointed out that accelerating the removal of cross-shareholdings may become one of the feasible reform measures.
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