Toyota Motor Corp. says it is cutting its board by half, from 58 members to 20-30 to improve management efficiency. Toyota also says it will add executive officers to the board – including foreigners – appointing 30-40. However, the board will retain responsibility for implementing business decisions, say reports. It also will be adding corporate auditors, going from six to seven. Four of the auditors will come from outside the parent company. Changes are due to occur in June after an ...
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