Automakers

Toyota chairman's reappointment faces opposition

Akio Toyoda
Toyota defended the reappointment of Toyoda, saying he has strengthened the company's competitiveness and can continue to contribute to increase its valuation. (Bloomberg)
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By:
Bloomberg
May 28, 2023 01:32 PM

Proxy advisory firm Glass Lewis & Co. is opposing the reappointment of Toyota Chairman Akio Toyoda, citing a shortage of independent directors at the automaker, the Nikkei newspaper said.

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