Akio Toyoda reelected Toyota chairman despite governance concerns

Automaker defies shareholder pressure to improve disclosure on climate lobbying

20230614 toyota general meeting of shareholders

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.