{"id":74962,"date":"2024-07-29T09:03:43","date_gmt":"2024-07-29T13:03:43","guid":{"rendered":"http:\/\/autosector.com\/?p=74962"},"modified":"2024-07-29T09:03:43","modified_gmt":"2024-07-29T13:03:43","slug":"akio-toyoda-could-lose-spot-on-toyota-board-if-investor-support-continues-to-fall","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=74962","title":{"rendered":"Akio Toyoda could lose spot on Toyota board if investor support continues to fall – Autoblog"},"content":{"rendered":"

TOKYO \u2014 Toyota<\/a> Motor Chairman Akio Toyoda said he may not be reelected as a director if shareholder support for him continues to fall at the pace it did this year, according to an interview published on Monday.<\/p>\n

Shareholder backing for Toyoda slid to 72% at the company’s annual general meeting last month, following proxy advisers’ recommendations to vote against his reelection. That compares to the support of 85% in 2023.<\/p>\n

Last month’s result marked the lowest support rating ever for a director in Toyota’s history, the 68-year-old grandson of the company’s founder said in an interview by the automaker’s own news outlet.<\/p>\n

“If it continues at this pace, I can’t be a director next year,” Toyoda said.<\/p>\n

His support rating among foreign institutional investors was particularly weak at 34%. Ahead of the meeting, proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis both took issue with the way Toyota has dealt with certification testing violations.<\/p>\n

Toyoda’s support among domestic institutional investors stood at around 55%, compared to 70% or more in the previous year.<\/p>\n

That indicated half of them were asking him to step down because of his behaviour over the past year, Toyoda said during the interview.<\/p>\n

The weaker support among institutional investors contrasted sharply with a nearly 99% approval rating among retail investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO \u2014 Toyota Motor Chairman Akio Toyoda said he may not be reelected as a director if shareholder support for him continues to fall at the pace it did this year, according to an interview published on Monday. Shareholder backing for Toyoda slid to 72% at the company’s annual general meeting last month, following proxy […]<\/p>\n","protected":false},"author":1,"featured_media":74963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[6],"tags":[],"class_list":["post-74962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-workers-unions"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74962"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/74963"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74962"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}