Toyota Motor¡¯s chairman kept his seat on the carmaker¡¯s board at its annual meeting, where talk of selfies and sumo wrestlers overshadowed Akio Toyoda¡¯s role in a contentious buyout of a group company.
Shareholders passed a motion Thursday to appoint or reappoint six people, including Toyoda and CEO Koji Sato, to Toyota¡¯s board of directors.
Although major proxy advisers backed Toyoda¡¯s reelection ¡ª reversing their stance after voting against him in 2024 ¡ª investors got a chance to air their grievances as Toyoda faced them publicly for the first time since the Toyota group launched a ?4.7 trillion ($32.4 billion) bid to privatize Toyota Industries.
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