Transportation
Toyota Seeks to ‘Reinvigorate’ Board With Independent Directors
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Toyota Motor Corp. will increase the number of independent directors to half of its 10-member board and adopt a new supervisory committee structure aimed at bolstering governance at the world’s No. 1 carmaker.
The committee will be comprised of four voting board members, three of whom will be independent outside directors, Toyota said in a statement Tuesday. The changes are set to be implemented pending shareholder approval at the company’s annual meeting in June.