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Latest News Reinvigorating the Board and Boosting Decision-Making Speed-Why Toyota Has Shifted to an Audit and Supervisory Committee - Businessfortnight

Summary by Businessfortnight
This is not the start of Toyota’s revisions to its corporate governance. To reinvigorate the Board of Directors, Toyota streamlined the number of directors from 27 to 11 in 2011. In 2013, Toyota appointed Outside Directors to seek advice based on their extensive experience and insights from an independent position. To promote product and region-centered management, Toyota introduced a system in 2011 where chief officers in charge of regions are…
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Latest News Reinvigorating the Board and Boosting Decision-Making Speed-Why Toyota Has Shifted to an Audit and Supervisory Committee - Businessfortnight

This is not the start of Toyota’s revisions to its corporate governance. To reinvigorate the Board of Directors, Toyota streamlined the number of directors from 27 to 11 in 2011. In 2013, Toyota appointed Outside Directors to seek advice based on their extensive experience and insights from an independent position. To promote product and region-centered management, Toyota introduced a system in 2011 where chief officers in charge of regions are…

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Businessfortnight broke the news in on Tuesday, March 18, 2025.
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