Toyota Motor Corporation's Chairman, Akio Toyoda, has been re-elected at the company's annual general meeting in Toyota, Aichi Prefecture, despite facing significant scrutiny from shareholders over governance issues and vehicle safety certification scandals. Toyoda, who ran the company for 14 years before stepping down as CEO last year, continues to wield considerable influence, which has raised concerns among some investors. During the meeting, Toyota President Koji Sato apologized for fraudulent certification tests, and Toyoda addressed the shareholders' concerns, defending his involvement in the company's operations. Despite these issues, shareholders backed Toyoda and nine other board members, indicating a vote of confidence in the current leadership. The meeting also highlighted shareholder concerns about Toyoda's focus on motorsports as a personal hobby and the company's approach to climate and governance issues, which were also raised by two leading proxy advisers.
Toyota Motor’s longtime leader, Akio Toyoda, defended his continued deep involvement in the company’s operations on Tuesday, responding to calls by some big investors that he step back after having resigned as CEO more than a year ago. https://t.co/h8hbmiiBwZ
Toyota shareholders have given the automaker and its chairman Akio Toyoda a vote of confidence by supporting the board's recommendations even as the company faces questions about its governance, management and safety practices. https://t.co/vfVI5btGhb
.@Toyota shareholders "accused Chairman Akio Toyoda of spending too much time on motorsports as his personal 'hobby,' but still reappointed Toyoda and the company's board." - @Automotive_News https://t.co/67Oc6kOhrk
Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership https://t.co/AHRH28jltd
Toyota shareholders re-elect chair amid governance concerns via @DavidKeo @KanaInagaki @Urbandirt @FT #CorpGov https://t.co/uDNvNdp8g8
Akio Toyoda wins shareholder approval to remain chairman, faces pushback on climate, governance https://t.co/mExMFaGFit
Toyota's Chairman Akio Toyoda and nine other members of the automaker's board were re-elected at an annual general meeting, with shareholders shrugging off concerns about governance and certification test scandals https://t.co/ZiD9yo3Evb
Shareholders accused Chairman Akio Toyoda of spending too much time on motorsports as his personal "hobby." https://t.co/IPccCD5iKv
📽️ WATCH - TOYOTA SHAREHOLDERS RE-ELECT CHAIRMAN DESPITE GOVERNANCE CONCERNS Toyota Motor shareholders backed Chairman Akio Toyoda and nine other members of the automaker's board on Tuesday, despite concerns about governance raised by two leading proxy advisers. https://t.co/AcKwwuMII0
Toyota shareholders backed Chairman Akio Toyoda and nine other members of the automaker's board, despite concerns about governance raised by two leading proxy advisers https://t.co/06sepcDKHj https://t.co/wwMU16WRQr
Toyota shareholders re-elect chair amid governance concerns https://t.co/DJUNnOW2DH
Toyota Chairman Akio Toyoda and nine other members of the automaker's board were re-elected at an annual general meeting, with shareholders shrugging off concerns about governance and certification test scandals https://t.co/6qIX5SdArs
Toyota Chairman Akio Toyoda and nine other members of the automaker's board were re-elected at an annual general meeting, with shareholders shrugging off concerns about governance and certification test scandals. More here: https://t.co/Df6AdxUYzq
Toyota Motor Corp. President Koji Sato apologized to shareholders for fraudulent certification tests for vehicles at the annual shareholders meeting held in Toyota, Aichi Prefecture, on Tuesday. https://t.co/V0iOVJqHrk
BREAKING: Toyota Chairman Akio Toyoda reelected despite calls for accountability. https://t.co/QKaZPEi4T5
BREAKING: Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership https://t.co/ZGsnKq1ftj
Akio Toyoda, grandson of Toyota Motor Corp's founder, wins shareholders' approval to stay at automaker's helm, reports AP
Toyota chief apologizes for safety lapses at shareholders meeting https://t.co/onpjjlTuqr
Akio Toyoda was reappointed as Toyota’s chairman at its annual meeting, but the Japanese carmaker faced tough questions from shareholders over governance and an ongoing probe of vehicle safety certifications https://t.co/TrNXLmmlVN
Akio Toyoda ran Toyota for 14 years before handing the reins to a new CEO last year, but some have grown concerned about the control he still wields. Some investors said they planned to vote against his re-election to the board of directors. https://t.co/4TKnhTna0k
At Toyota shareholder meeting, all eyes on level of support for chairman https://t.co/94IKSuP30X
🔵 AT TOYOTA SHAREHOLDER MEETING, ALL EYES ON LEVEL OF SUPPORT FOR CHAIRMAN Toyota Motor Chairman Akio Toyoda may be in no danger of not being re-elected at the automaker's annual general meeting on Tuesday, but any further big drop in shareholder support could lead to… https://t.co/BRrhWnJGbO
Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal https://t.co/4QbjbehGXO
Toyota Shareholders Demand Vote against Chairman Toyoda as Automaker Embroiled in Testing Scandal https://t.co/QBDsr08jgk
"As the person in charge of the Toyota Group, I would like to sincerely apologise to our customers, to car fans, and all stakeholders for this." https://t.co/TarZGacFLk
Two prominent proxy groups recommend voting against the board reappointment of Akio Toyoda ahead of Toyota's general shareholder meeting June 18. https://t.co/5yf7fgqJ3X