Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Toyota Chairman, Re-elected by Investors, Defends His Hands-On Role

Toyota Motor’s longtime leader, Akio Toyoda, defended his continued deep involvement in the company’s operations on Tuesday, responding to calls by some big investors that he step back after having resigned as chief executive more than a year ago.

“Some infer that what I do and how I act is akin to cloistered rule,” Mr. Toyoda said, referring to an imperial form of government in Japan where an emperor could retain power and influence even after abdication.

“I consult with younger-generation executives and give them my advice, and if you call this cloistered rule, then I am happy to continue acting as a cloistered-government leader,” Mr. Toyoda, 68, said at a shareholder meeting at Toyota’s headquarters southwest of Tokyo.

Mr. Toyoda was responding to questions posed by several shareholders asking whether recent problems over mishandled safety tests may reflect broader governance problems within Toyota, including insufficient checks and balances on management.

Toyota’s shareholder meeting, presided over by Koji Sato, the chief executive, was widely viewed as a referendum on what kind of role Mr. Toyoda should hold within Toyota, nearly 15 months after he stepped down as chief executive to become chairman. Some investors and Toyota insiders view the level of influence Mr. Toyoda maintains within the automaker as a governance problem, The New York Times reported on Monday.

At the end of the meeting, Toyota announced that all 10 of the directors it had nominated, including Mr. Toyoda, had received the majority votes needed for reappointment. Toyota said it would release vote figures on Wednesday.

Read more on nytimes.com
DMCA