Toyota chair Akio Toyoda was re-elected by shareholders on Tuesday but was forced to defend himself and the world’s largest carmaker against a string of questions about governance issues.
Toyoda won support at the annual meeting on the back of record profits and a hybrid vehicle boom after the world’s two most powerful proxy advisers — ISS and Glass Lewis — recommended a vote against him over vehicle testing and emissions data issues at group subsidiaries.
Although the exact level of backing Toyoda received will not be provided by the company until Wednesday, some analysts expect it to be about 10 percentage points lower than the 85.7 per cent he garnered last year, which was a drop from 96 per cent in 2022.
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