Reported 8 months ago
Toyota's annual shareholder meeting on June 18 faced resistance in re-electing Chairman Akio Toyoda due to recent scandals involving falsification, damaging the company's image and stock prices. Key advisory firms recommended voting against Toyoda due to scandals in Toyota-owned companies fabricating data. Despite promises to enhance communication with employees, allegations suggest that the root cause of the issue lies in Toyota's corporate culture. Although advisory firms suggest voting against Toyoda, his position remains unlikely to be overturned due to the support from major shareholders and affiliated companies within the Toyota Group.
Source: YAHOO