Toyota may halve huge board to improve efficiency

Newswire

By Miki Shimogori TOKYO, March 27 (Reuters) - Toyota Motor Corp , Japan's biggest car maker, looks set to halve the size of its 58-member board as part of steps to improve management efficiency. Japanese media reported on Thursday that the auto giant would reduce the board to under 30 members and introduce executive officers, but responsibility for business execution would remain with the board, meaning it would not adopt a U.S.-style governance model that separates execution and ...

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