Akio Toyoda—Re-elected as Chairman with record-low 72% approval amid safety scandals
At Toyota's June 2024 shareholder meeting, Akio Toyoda was re-elected to the board with only 71.93% support—the lowest director approval in Toyota's history, down from 84.57% in 2023 and 95.58% in 2022. Proxy advisors ISS and Glass Lewis recommended voting against Toyoda, citing 'spate of certification irregularities' and insufficient board independence. NYC pension funds and Nissay Asset Management voted against all board members.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.059 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)× agency (incidental ×0.1)
Evidence (1 signal)
Re-elected as Chairman with record-low 72% approval amid safety scandals
At Toyota's June 2024 shareholder meeting, Akio Toyoda was re-elected to the board with only 71.93% support—the lowest director approval in Toyota's history, down from 84.57% in 2023 and 95.58% in 2022. Proxy advisors ISS and Glass Lewis recommended voting against Toyoda, citing 'spate of certification irregularities' and insufficient board independence. NYC pension funds and Nissay Asset Management voted against all board members.