Some 85% of Toyota Motor’s shareholders voted to re-elect Chairman Akio Toyoda to the automaker’s board of directors at its annual general meeting, the company said in a regulatory filing on Thursday.
Support for Toyoda, the grandson of the company’s founder, was at 96% in the previous year, when he was president and chief executive. This year’s vote marks his lowest approval rating in at least five years.
Some 15% of shareholders also voted at Wednesday’s meeting in favour of a resolution that would have compelled the automaker to make greater disclosure of its climate change lobbying activities.
That was well short of the two-thirds majority required for the resolution to pass.
Reuters