California, New York pension funds vote against Toyota chairman
Reuters was the first to announce that the two biggest public pension funds in the U.S. had voted against the re-election of Toyota Motor Corp Chairman Akio Toyoda prior to the company's annual meeting this month. CalPERS and the Office of the New York City Comptroller, which manages several city pensions, also voted for a shareholder resolution that Toyota's board has asked investors to reject, which is meant to increase disclosure of its climate change lobbying. These votes follow the two main proxy advisory firms raising questions about the world's largest automaker's governance, which will be discussed at the annual meeting on June 14.0
