Toyota shareholders are calling for a vote against Chairman Akio Toyoda amid a testing scandal that has embroiled the automaker. Despite concerns about his control over the company, Toyoda is expected to be re-elected at the upcoming annual general meeting on Tuesday. Toyoda, who ran Toyota for 14 years before stepping down as CEO last year, still holds significant influence within the company. Some investors have expressed their intention to vote against his re-election to the board of directors. Any further big drop in shareholder support could lead to significant changes.
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 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
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