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)

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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