June 16, 2024

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Latest June 16, 2024

Toyota’s Chairman Faces Shareholder Backlash Amid Certification Scandal

Key Points: Akio Toyoda faces opposition from ISS and Glass Lewis. Toyota apologized for fraudulent vehicle certification tests. Toyota's market value drops by 3 trillion yen ($18 billion). ISS and Glass Lewis criticize Toyoda for inadequate governance and internal controls. Concerns have been raised about Toyota's corporate culture under Toyoda. Major Japanese shareholders are likely...

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