AutomobilesAkio Toyoda reelected Toyota chairman despite governance concerns
Automaker defies shareholder pressure to improve disclosure on climate lobbying
Proxy advisers, U.S. pension funds and European asset managers criticized the automaker’s insufficient corporate governance and environment efforts. (Photo by Kazumi Saito)
SAYUMI TAKE, Nikkei staff writer
TOYOTA, Japan -- Toyota Motor weathered an unprecedented showdown with investors at its annual general meeting on Wednesday as shareholders approved former President Akio Toyoda's nomination to the board and rejected a proposal demanding better disclosure on climate lobbying activities.