By Daniel Leussink and Maki Shiraki
TOKYO (Reuters) - Toyota Motor Chairman Akio Toyoda may be in no danger of not being re-elected at the automaker's annual general meeting on Tuesday, but any further big drop in shareholder support could lead to increased action on governance reforms.
This year's AGM will follow scandals involving violations of certification tests at Toyota and its group companies including compact car maker Daihatsu and truck unit Hino Motors.
Proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have recommended that Toyoda not be re-elected, citing concerns over governance and the board's independence. Since then, another scandal over testing violations has also come to light.
Toyoda's approval rating fell to 85% last year from 96% in 2022 but he only needs a majority to be re-elected and scandals aside, business has been good.
