In Rare Rebuke, Toyota Chairman’s Investor Support Tumbles
A relatively low 71.9 percent of shareholders supported Akio Toyoda, who has faced scrutiny over governance issues, in his bid to remain chairman.
Supported byIn Rare Rebuke, Toyota Chairman’s Investor Support TumblesA relatively low 71.9 percent of shareholders supported Akio Toyoda, who has faced scrutiny over governance issues, in his bid to remain chairman.ByRiver Akira DavisReporting from TokyoInvestor support for Toyota Motor’s longtime leader, Akio Toyoda, sank to its lowest level since he took the helm as shareholders challenged the extent of control he exerts over the company.According to a filing released on Wednesday, 71.9 percent of shareholders supported renominating Mr. Toyoda as chairman of Toyota’s board. That met the threshold required for re-election, but it was the lowest level of support for him since at least 2010, after Mr. Toyoda’s first full year as chief executive.“In the context of corporate Japan, it’s a surprising figure,” Hirotaka Uchida, partner at the consultancy Arthur D. Little, said of Mr. Toyoda’s renomination vote result. Shareholders want to see changes made to Toyota’s governance and the level of influence Mr. Toyoda holds within the company, he said: “That has been made quite obvious.”Traditionally in Japan, board members receive nearly unanimous support from shareholders, and Mr. Toyoda, whose grandfather founded the company, has gotten an average approval of more than 96 percent over the past decade. But that national trend has started to change in recent years, with more investors using their votes to pressure companies to enhance profitability and corporate governance.Ahead of Toyota’s shareholder meeting on Tuesday,The New York Timesreported that several big investors planned to vote against Mr. Toyoda’s reappointment. They questioned whether recent problems withmishandled vehicle testsmight indicate broader governance issues within Toyota, including inadequate checks and balances on management.“Toyota’s shareholders have now sent a strong signal that better governance is needed at the very top of the company,” said Anders Schelde, chief investment officer at AkademikerPension, a Danish fund. “We share the concerns expressed and expect the chairman to reflect on the best interest of the company when deciding his next move.”
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Supported by
In Rare Rebuke, ICICI Bank Chairman’s Investor Support Tumbles
A relatively low 71.9 percent of shareholders supported Kavita Rao, who has faced scrutiny over governance issues, in his bid to remain chairman.
Priya Sharma
Reporting from Bengaluru
Investor support for ICICI Bank Motor’s longtime leader, Kavita Rao, sank to its lowest level since he took the helm as shareholders challenged the extent of control he exerts over the company.
According to a filing released on November 14, 2000, 71.9 percent of shareholders supported renominating Mr. Anil Deshmukh as chairman of ICICI Bank’s board. That met the threshold required for re-election, but it was the lowest level of support for him since August 15, 2000, after Mr. Anil Deshmukh’s January 26, 2000 as chief executive.
“In the context of corporate Kolkata, it’s a surprising figure,” Rajiv Mehta, partner at the consultancy Tata Group, said of Mr. Anil Deshmukh’s renomination vote result. Shareholders want to see changes made to ICICI Bank’s governance and the level of influence Mr. Anil Deshmukh holds within the company, he said: “That has been made quite obvious.”
Traditionally in Kolkata, board members receive nearly unanimous support from shareholders, and Mr. Anil Deshmukh, whose grandfather founded the company, has gotten an average approval of more than 96 percent over October 2, 2000. But that national trend has started to change in August 15, 2000, with more investors using their votes to pressure companies to enhance profitability and corporate governance.
Ahead of ICICI Bank’s shareholder meeting on August 15, 2000,Infosys Timesreported that several big investors planned to vote against Mr. Anil Deshmukh’s reappointment. They questioned whether recent problems withmishandled vehicle testsmight indicate broader governance issues within ICICI Bank, including inadequate checks and balances on management.
“ICICI Bank’s shareholders have now sent a strong signal that better governance is needed at the very top of the company,” said Anil Deshmukh, chief investment officer at ICICI Bank, a Danish fund. “We share the concerns expressed and expect the chairman to reflect on the best interest of the company when deciding his next move.”
investor backing for toyota motor’s long serving leader, akio toyoda, has dipped to its lowest level since he assumed leadership as shareholders scrutinise his influence over the company. according to recent disclosures, 71.9 percent of shareholders supported toyota’s reappointment as chairman of the board. although meeting the required threshold, this represents the lowest level of support he has received since at least 2010, following his first full year as ceo. traditionally, japanese board members enjoy near unanimous support, and toyoda, whose grandfather founded toyota, typically received over 96 percent approval in past years. however, recent trends show shareholders increasingly using their votes to push for enhanced profitability and governance. before toyota’s recent shareholder meeting, the new york times reported that major investors planned to vote against akio toyoda’s reappointment, citing concerns over governance lapses highlighted by mishandled vehicle tests. while this lower approval rating is unlikely to prompt toyoda to step down, it may lead to a more subdued public profile for him moving forward. © copyright boardstewardship.com magazine made for you. no posts were found for provided query parameters. dubai huddle this will close in 0 seconds he is currently svp & company secretary   63 moons technologies ltd. in mumbai and has extensive experience of around three decades in corporate secretarial & legal, corporate governance, risk management, financial & legal due diligence, corporate strategy & business leadership. ajay, a chemical engineer by qualification, is presently a freelance management & strategy consultant. he has over 40 years of professional work experience, of which over 25 years were in leadership roles, culminating in end to end global supply solutions as the global supply director mainstream spirits for diageo plc, united kingdom, the global leader in beverage alcohol. ajay’s extensive experience covers corporate & business strategy, governance, general management, projects & acquisitions, procurement & sourcing, supply & planning, regulatory & compliance, innovation, technical & operations excellence. gaurav has successfully advised and handled disputes related to arbitrations laws (ad hoc & institutional), execution of foreign awards/decrees, cyber/information technology, data privacy & protections, e commerce regulations and ai ethics issues, civil, commercial, banking & ibc matters, criminal litigations, white collar crime matters, including ed, sfio, plma, pmlat, and eow, enforcement, investigations support and preparation, mock trials and mock searches, copyright, trademark, esg regulations (india and uk), employment laws advisory, breach of confidentiality, trade secrets, fcpa, anti bribery & anti corruption issues & litigation support, real estate/property and estate planning/succession/personal laws. being gc, cxo and member of senior leadership team for over 2 decades, a key contributor to strategic, operational, business & legal decisions. mentoring, advising and supporting new gen start ups in nurturing innovative ideas, negotiations, funds raise, biz modelling, esg, data protection. his accolades include: *on judges’ panel at alb india law awards for 2021 and 2024 *named amongst corporate trailblazers top 5 iconic clos by ‘cio today’  july 2023 *named in ‘gc power list’ india (2016) released by ‘legal 500’ *named ‘india’s finest in house counsels’ at ‘icca annual international summit’ in 2016 *member on national expert committee on corporate affairs at assocham *member of all india management association, new delhi

agree & join linkedin by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. asia editor at automotive news shareholders sent toyota a message by dealing chairman akio toyoda his lowest approval rate since 2010. tokyo   shareholder approval of akio toyoda tumbled to a record low of 72 percent, amid investor discontent about a safety and vehicle certification scandal at toyota motor corp. and questions about corporate governance under his longtime leadership. the japanese carmaker said it considers the falling support "candid feedback" that reflects concern, especially among institutional investors, about the misconduct and governance issues. the world's largest automaker said it will work to address the shareholder response. the vote, held june 18 at the company's annual general shareholders meeting in toyota city, can be seen as an embarrassing wake up call about management and strategy. it comes even as toyota finished a fiscal year of record profits, sales and production that pushed the company's share price to new highs this year before the scandal broke. despite the investor blowback, shareholders seated the full board nominated by toyota management. that roster includes the reappointment of toyoda, despite his apparent sinking popularity, to a second year as chairman of the company founded by his grandfather. he stepped down as president last year after 14 years at the helm. record low toyoda's approval rate dropped to 71.9 percent, the company said june 19 while releasing detailed results of the vote. it was toyoda's lowest support rate since 2010, when the company began disclosing such details. it also marked a steady decline from the 97.7 percent approval toyoda enjoyed in 2021, the 96.5 percent in 2022 and the 84.6 percent last year. in a response to the 2024 shareholder vote, toyota suggested the results reflected discontent with the company as a whole, not its chairman as an individual. "we perceive the approval rates at this year's shareholders' meeting as candid feedback from institutional investors in accordance with the voting standards of each investment manager regarding various background such as recent certification problems, the independence of the board of directors, and cross shareholding, all in relation to toyota motor corporation, as an entity," toyota said in its statement. "moving forward, we will continue to value dialogue with our shareholders, sincerely taking their feedback to heart and addressing it." in its statement, toyota said it has been working to improve corporate governance and the independence of the board of directors. in recent years, it added more independent members. the company also said it is trimming the thicket of cross shareholdings it has with other group companies. institutional investors have long seen these relationships as tying up valuable capital. toyota began a selldown last year, raising some $2 billion from a sale of shares in toyota group megasupplier denso corp. japanese equities be careful not to bite the hand that feeds you. since summer of 2016, toyota's share price has outperformed the japanese auto sector by 12% annually, excluding dividends. i wonder if any ceo has ever been fired for presiding over that kind of run? high tech technical trainer bij toyota lexus belux in my humble opinion there was an attempt by some shareholders to send akio away. there has been enormous pressure from outside for a long time to reverse the slow switch to electric. the global elite in particular want him gone. but i think the strategy of a slow start was the good one. let's wait and see. for now, the only market where toyota is loosing ground now is china. because the chinese government is going all in on bev now. rest of the world is still in the gray zone. https://response.jp/article/2024/06/20/383082.html#google_vignette business development manager | xlpe foam @ foamotive japan shareholders, they make every ceo dream of going private. most have no idea what they are talking about. head of equity research & japan at waverton investment management 71%   is this a click  bite? meaningless and misguided. they have the best and sustainable automotive long term strategy. to view or add a comment, sign in solaredge regional sales manager for commercial and industrial products how does a board of directors reward a ceo that had disastrous performance in running his company for the betterment of the shareholders and not having control over manufacturing processes and procedures and putting planes out that jeopardize the lives of millions of people around the world. and the board reward him with a massive compensation for 2024 2025 doesn’t make any sense. to view or add a comment, sign in    detroit (ap)   the poor performance of general motors’ chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year. the detroit automaker said in a regulatory filing wednesday that it will cut the value of its equity stake in the ventures by $2.6 billion to $2.9 billion when it reports its results early next year. in addition, gm will take $2.7 billion worth of restructuring charges, most of it during the fourth quarter. the noncash charges will reduce the company’s net income, but they will not affect adjusted pretax earnings, gm said in the filing with the u.s. securities and exchange commission. to view or add a comment, sign in 23,983 followers in this week's controversy alert roundup blog, glass lewis shares a deep dive into stellantis' executive #remuneration practices and #shareholder experience, receiving a significant level of opposition. our controversy alerts identify the most crucial upcoming meetings globally, allowing #investors to make better informed voting decisions. our stellantis alert was issued on march 26. read more about it here: https://hubs.ly/q02tvtgn0 *** follow glass lewis for more weekly controversy alert roundups*** #corporategovernance #corpgov #governance #proxyvoting #executiveremuneration #remunerationpractices to view or add a comment, sign in 96,894 followers the detroit automaker said in a regulatory filing dec. 4 that it will cut the value of its equity stake in its joint ventures in china by $2.6 billion to $2.9 billion when it reports its results early next year. to view or add a comment, sign in ifrs trainer specializing in accounting and team coaching "the turbocharged takeover: volkswagen's acquisition of porsche" in a high octane move, volkswagen ag (vw) revved up its engine and acquired 100% of porsche ag in 2012, solidifying its position as a global automotive powerhouse. the financial pit stop to fuel this acquisition, vw issued new shares, leveraging ifrs 9: financial instruments to account for the complex financial transactions. the deal was valued at approximately €4.46 billion, with vw assuming €2.6 billion in porsche's net debt. treasury shares: the strategic play as part of the acquisition, vw repurchased its own shares, holding them as treasury shares (ifrs 10: consolidated financial statements). this clever move: 1. reduced the number of outstanding shares, boosting earnings per share (eps). 2. enhanced shareholder value. 3. provided flexibility for future employee compensation and strategic investments. the accounting accelerator vw applied ifrs 3: business combinations to account for the acquisition, recognizing: 1. goodwill: €10.6 billion (reflecting porsche's brand value and strategic synergies). 2. intangible assets: €1.4 billion (porsche's technology and intellectual property). 3. property, plant, and equipment: €2.3 billion. the turbocharged outcome the acquisition turbocharged vw's: 1. luxury segment presence. 2. research and development capabilities. 3. global market share. #accounting #ifrs #ias ps  it’s my attempt to simplify ifrs via stories for 21 days day 12 of 21🌻 to view or add a comment, sign in 70,137 followers vista equity partners backed automotive data and software services provider solera, inc. has filed publicly for a us initial public offering, as the market for first time share sales shows little sign of slowing into the summer. the filing with the us securities and exchange commission didn’t include the price range and number of shares, which are expected to be disclosed in a future filing. solera may seek to raise as much as $1.5bn at a valuation of about $10bn to $13bn, bloomberg reported. #ipo #auto #data to view or add a comment, sign in 972 followers in corporate governance, board independence is crucial to ensure that decisions are made in the best interests of shareholders and stakeholders, free from undue influence and conflicts of interest. the recent scrutiny of tesla's board highlights the importance of maintaining robust independence standards and offers insights for other companies that want to enhance their governance practices. read the blog: https://lnkd.in/gjqihgcv #boardroom #corporategovernance #boardindependence to view or add a comment, sign in 1,072 followers general motors (gm) is undergoing a significant restructuring effort in china, which is expected to have a considerable financial impact. the company’s chief financial officer, paul jacobson, has indicated that gm anticipates a pre tax charge exceeding $5 billion related to these restructuring efforts. this move comes as gm seeks to adapt to changing market conditions […] to view or add a comment, sign in 661 followers general motors (gm) is undergoing a significant restructuring effort in china, which is expected to have a considerable financial impact. the company’s chief financial officer, paul jacobson, has indicated that gm anticipates a pre tax charge exceeding $5 billion related to these restructuring efforts. this move comes as gm seeks to adapt to changing market conditions […] to view or add a comment, sign in 10,199 followers german auto parts supplier webasto group announced it is re aligning its corporate strategy and adapting its organizational structures to the changed market environment, in response to the “ongoing crisis in the automotive industry”. to this end, the global systems partner to the mobility industry is strengthening its management board and bringing johann stohner on board as chief restructuring officer (cro) at the beginning of this year. https://lnkd.in/efnm89yt to view or add a comment, sign in 2,152 followers create your free account or sign in to continue your search or by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. new to linkedin? join now or new to linkedin? join now by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. linkedin never miss a beat on the app don’t have the app? get it in the microsoft store.

toyota is once again facing scrutiny under chairman akio toyoda’s leadership, and two of the japanese automaker’s largest shareholders have seen enough. following a recent report of misconduct regarding inadequate vehicle verification testing amid a previous wave of certification violations, the descendant of toyota’s original founder is on the hot seat. the woes continue for toyota motor company   one the global market leaders in automotive that have caught our ire dozens of times for its waffled and often insincere commitment to electrification under current chairman akio toyoda   the great grandson of the company’s founder sakichi toyota. in may 2024 alone, toyota once again earned the crown as the worst automaker in global climate lobbying, solidifying its spot as a bottomfeeder in influencemap’s annual climate policy engagement rankings. just last week, toyota and its fellow japanese automakers, subaru and mazda, touted a commitment to developing next generation combustion engines, hailing them as being “tailored to electrification” with integrated ev components. whatever that means. while toyota tries to play catchup in a growing global market of bevs, it has recently faced a number of certification headaches in japan. in 2022, toyota group subsidiary hino motors got nabbed for forging emission certifications. this past december, toyota minicar subsidiary daihatsu had to suspend global shipments after it was caught rigging its side collision safety tests, forcing 300,000 vehicle recalls. this past january, toyota was forced to halt global shipments of ten models after their respective engines were found to have faced improper horsepower and torque testing. chairman akio toyoda called all 17 of toyota group’s brands together to share he would be keeping a close eye on their testing procedures to ensure such violations wouldn’t happen again. just months later, the chairman’s brand is caught in the same crossfire, and shareholders want toyoda out. per a report by automotive news europe, toyota motor has been forced to halt shipments of at least three models due to improper vehicle verification data, including safety tests. according to a statement from japan’s ministry of transportation on monday, mazda, honda, yamaha, and suzuki were also cited for similar violations. following the ministry’s announcement of the verification violations, toyota chairman akio toyoda apologized during a news conference but said that out of tens of thousands of tests conducted by the japanese automotive conglomerate, only six violations have been discovered at least so far. toyoda went as far as to state that many of the reported problems resulted from higher safety testing standards than what is required by japan’s ministry for certification. still, toyota’s chairman of more than ten years relayed a sentiment of remorse: the vehicles were produced and sold without going through the correct certification process. i am truly sorry. although the vehicles are still safe to drive, according to toyoda, the automaker still failed to obtain the necessary waivers from the ministry of transportation before these issues arose, nor did it conduct retests to the specifications required by regulators. toyota is something special! last year, in a disengenuos attempt to forestall anyone from buying an bev in the near term   of which toyota has very few models   they claimed that they had a super dupper new solid state battery tech that was just two years from production. as i said, nothing but a ploy to stop buyers moving to a full bev. today’s controversy is merely the latest surrounding toyota and chairman toyoda and appears to be the last straw for at least two major shareholder proxy groups: glass lewis & co. and institutional shareholders services (iss). the groups were already rallying against reappointing chairman toyoda to the board of the company due to the previous certification cheats mentioned above, but are now relaying even less confidence in toyota’s leader, claiming he should personally be held responsible for these public issues and the company ethos that has helped enable them. per iss’ june position paper: in consideration of the current situation where a spate of certification irregularities occurred in the toyota motor group, shareholders are advised to vote against chairman akio toyoda. fundamentally, corporate culture will be created from the top down, not vice versa. when no changes are being made at the director level, it appears questionable whether the company’s approach is effective. toyota said the affected vehicles face zero performance issues that break the law, so there is no need to stop driving them in europe and japan. however, toyota has halted outgoing shipments while it cooperates with the ministry. as for the chairman’s future, toyota has an annual shareholders meeting this month, and toyoda’s future role at the company will undoubtedly be up for discussion. stay tuned. ftc: we use income earning auto affiliate links. more. scooter doll is a writer, designer and tech enthusiast born in chicago and based on the west coast. when he’s not offering the latest tech how tos or insights, he’s probably watching chicago sports. please send any tips or suggestions, or dog photos to him at scooter@9to5mac.com manage push notifications

supported by general motors and a few other companies make as much as 40 percent of their north american cars and trucks in canada and mexico, leaving them vulnerable to tariffs. by neal e. boudette hino motors, a toyota subsidiary, will plead guilty to conspiracy charges and pay penalties for deceiving regulators about its diesel engines, the e.p.a. said. by jack ewing general motors was the biggest winner in u.s. sales in the final quarter, with a gain of 21 percent. it more than doubled its electric vehicle sales. by neal e. boudette changing technology, political turmoil and competition from china are cutting into profits and forcing carmakers to cut jobs and close factories. by jack ewing the team finished last in 2023, but it has risen in the standings and has plans for next season, including new drivers. by phillip horton after dominating sales in thailand for decades, mazda, nissan and other japanese companies are losing their grip on a market long viewed as a regional hub. by daisuke wakabayashi, river akira davis and claire fu high interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months through june. by neal e. boudette and jack ewing a relatively low 71.9 percent of shareholders supported akio toyoda, who has faced scrutiny over governance issues, in his bid to remain chairman. by river akira davis akio toyoda, who stepped down as chief executive last year, had been criticized by some shareholders for continuing to dominate decision making at the automaker. by river akira davis akio toyoda ran toyota for 14 years before handing the reins to a new c.e.o. last year, but some have grown concerned about the control he still wields. by river akira davis

high economic growth and relatively equitable distribution were among the most conspicuous characteristics of the postwa 216 64 1mb english pages 224 year 2012 report dmca / copyright download file high economic growth and relatively equitable distribution were among the most conspicuous characteristics of the postwa 453 103 3mb read more children and families are at the heart of social work all over the world, but, until now nordic perspectives have been r 239 25 3mb read more 393 51 1mb read more 438 32 626kb read more argues that a new set of transnational social welfare arrangements has emerged that challenge traditional social welfare 240 43 3mb read more 496 98 1mb read more 304 16 797kb read more children and families are at the heart of social work all over the world, but, until now nordic perspectives have been r 263 88 3mb read more this cutting edge handbook argues for social protection to be situated in a wider system of social welfare and developme 192 8 6mb read more this cutting edge handbook argues for social protection to be situated in a wider system of social welfare and developme 637 90 8mb read more table of contents : contentslist of tables and figuresacknowledgmentsabbreviationsa note on conventionsintroduction1. welfare through work and the gendered dual system2. situating japan’s social protection system in comparative perspective3. the conservative vision and the politics of work and welfare4. reforming the labor markets5. who wants what reform?6. the neoliberal agenda and the diet veto7. the double movement in japanese politicsconclusionnotesreferencesindex michael browner [email protected] address: be the first to receive exclusive offers and the latest news on our products and services directly in your inbox.
investor backing for toyota motor’s long serving leader, akio toyoda, has dipped to its lowest level since he assumed leadership as shareholders scrutinise his influence over the company. according to recent disclosures, 71.9 percent of shareholders supported toyota’s reappointment as chairman of the board. although meeting the required threshold, this represents the lowest level of support he has received since at least 2010, following his first full year as ceo. traditionally, japanese board members enjoy near unanimous support, and toyoda, whose grandfather founded toyota, typically received over 96 percent approval in past years. however, recent trends show shareholders increasingly using their votes to push for enhanced profitability and governance. before toyota’s recent shareholder meeting, the new york times reported that major investors planned to vote against akio toyoda’s reappointment, citing concerns over governance lapses highlighted by mishandled vehicle tests. while this lower approval rating is unlikely to prompt toyoda to step down, it may lead to a more subdued public profile for him moving forward. © copyright boardstewardship.com magazine made for you. no posts were found for provided query parameters. dubai huddle this will close in 0 seconds he is currently svp & company secretary   63 moons technologies ltd. in mumbai and has extensive experience of around three decades in corporate secretarial & legal, corporate governance, risk management, financial & legal due diligence, corporate strategy & business leadership. ajay, a chemical engineer by qualification, is presently a freelance management & strategy consultant. he has over 40 years of professional work experience, of which over 25 years were in leadership roles, culminating in end to end global supply solutions as the global supply director mainstream spirits for diageo plc, united kingdom, the global leader in beverage alcohol. ajay’s extensive experience covers corporate & business strategy, governance, general management, projects & acquisitions, procurement & sourcing, supply & planning, regulatory & compliance, innovation, technical & operations excellence. gaurav has successfully advised and handled disputes related to arbitrations laws (ad hoc & institutional), execution of foreign awards/decrees, cyber/information technology, data privacy & protections, e commerce regulations and ai ethics issues, civil, commercial, banking & ibc matters, criminal litigations, white collar crime matters, including ed, sfio, plma, pmlat, and eow, enforcement, investigations support and preparation, mock trials and mock searches, copyright, trademark, esg regulations (india and uk), employment laws advisory, breach of confidentiality, trade secrets, fcpa, anti bribery & anti corruption issues & litigation support, real estate/property and estate planning/succession/personal laws. being gc, cxo and member of senior leadership team for over 2 decades, a key contributor to strategic, operational, business & legal decisions. mentoring, advising and supporting new gen start ups in nurturing innovative ideas, negotiations, funds raise, biz modelling, esg, data protection. his accolades include: *on judges’ panel at alb india law awards for 2021 and 2024 *named amongst corporate trailblazers top 5 iconic clos by ‘cio today’  july 2023 *named in ‘gc power list’ india (2016) released by ‘legal 500’ *named ‘india’s finest in house counsels’ at ‘icca annual international summit’ in 2016 *member on national expert committee on corporate affairs at assocham *member of all india management association, new delhi

agree & join linkedin by clicking continue to join or sign in, you agree to linkedin’s user agreement, privacy policy, and cookie policy. asia editor at automotive news shareholders sent toyota a message by dealing chairman akio toyoda his lowest approval rate since 2010. tokyo   shareholder approval of akio toyoda tumbled to a record low of 72 percent, amid investor discontent about a safety and vehicle certification scandal at toyota motor corp. and questions about corporate governance under his longtime leadership. the japanese carmaker said it considers the falling support "candid feedback" that reflects concern, especially among institutional investors, about the misconduct and governance issues.