View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 28, 2003

JAPAN: Toyota to downsize board

Toyota has said that it will reduce the number of its board members to 20-30 from the current 58 in order to speed up its decision-making. Toyota will adopt the slimmer executive board after a June general shareholders meeting approves the move, the company said.

By bcusack

Toyota has said that it will reduce the number of its board members to 20-30 from the current 58 in order to speed up its decision-making. Toyota will adopt the slimmer executive board after a June general shareholders meeting approves the move, the company said.

Senior managing directors and executives above will remain on the board, while managing directors will become non-executive directors, Toyota said.

Observers noted however, that Toyota has stopped short of adopting a US-style corporate governance model.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto