Toyota Motor AGM Expected to Be Dominated by Group Buyout Talk
There isn't much doubt Toyota Motor Corp. Chairman Akio Toyoda will keep his seat on the board at the automaker's annual meeting, but signs of any rebound in shareholder support could be overshadowed by concern over his role in a contentious takeover of a group company.
Although major proxy advisers have backed his reelection — reversing their stance after voting against him in 2024 — investors will get a chance later Thursday to air their grievances when Toyoda faces them publicly for the first time since the Toyota group launched a ¥4.7 trillion ($32.4 billion) bid to privatize Toyota Industries Corp.
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