From Breakingviews - Toyota shareholders make 15% the new win-win
to the board Akio Toyoda, who became chair this year after more than a decade running the $270 billion Japanese carmaker. In matters of corporate governance though, it could be the new win-win.on the same issue. Both Glass Lewis and ISS reckon there aren’t enough properly independent directors on the board, even though Toyota complies with the requirements laid down by the Tokyo Stock Exchange. Glass Lewis plumped for blaming Toyoda and recommended investors vote against him.
. Yet ISS held back from advising shareholders vote against them because it would risk “increasing management dominance of the board”. Toyoda got the nod from them, too. These contrasting recommendations may have split the vote. Even so, there’s an unwritten rule about how to interpret these tallies. To feel totally secure, a director ideally needs to win the backing of least 95% of those who cast their ballots. Oshima’s 92% showing will raise an eyebrow. The 85% support Toyoda mustered is plain awkward.
, suggests a lack of transparency is at issue rather than strategic matters such as the company’s plans to introduce solid-state batteries and other technologies to improve the performance and cut the costs of future electric vehicles.vocal overseas institutional shareholders , including the California Public Employees’ Retirement System and the Office of the New York City Comptroller, that are increasingly pushing companies to improve their game on governance and climate change. Toyota is a laggard on both and is now under pressure to get powerful investors back onside.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
15+ Things to Do in Cleveland This Weekend (June 15-18)Colin Quinn returns to Hilarities and Cain Park hosts a Juneteenth Celebration
続きを読む »
SLO police cite 15 people during bicycle and pedestrian safety operationBy KAREN VELIE The San Luis Obispo Police Department issued 15 citations to drivers for a variety of violations during a bicycle and pedestrian safety operation on June 8. These violations include:…
続きを読む »
The 15-inch MacBook Air repeats one of Apple’s worst mistakes | Digital TrendsApple’s 15-inch MacBook Air comes with a familiar problem that proves Apple still hasn’t learned from its past mistakes. Here’s what you need to know.
続きを読む »
Shell boosts dividend by 15%, maintains oil output through to 2030'We will invest in the models that work – those with the highest returns that play to our strengths,' Shell CEO Wael Sawan said in a statement.
続きを読む »
Fed likely to skip interest rate hike for first time in 15 monthsThe Federal Reserve will likely pause its 15-month interest rate hike campaign Wednesday after government data pointed to a sharp slowdown in inflation.
続きを読む »
The Federal Reserve will likely leave interest rates alone for the first time in 15 monthsThe Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation
続きを読む »