Toyota revamps board, management structure

Newswire

TOKYO, March 28 (Reuters) - Toyota Motor Corp, Japan's biggest car maker, said on Friday that it would slash the size of its 58-member board while strengthening its auditor system as it moves to improve management efficiency. Toyota will cut its board to 20-30 members and take on executive officers, but responsibility for business execution will remain with the board, meaning it will not adopt a U.S.-style governance model that separates execution and oversight. Toyota -- viewed as a ...

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