Governance structure: TOYOTA to adopt an Audit Committee Structure [Feb ’25]

On 25 February 2025, Toyota Motor Corporation announced its decision to transition from a Corporate Auditor Structure to an Audit Committee Structure. Five out of the ten board members will be “Independent Outside Directors”. The transition is conditional upon shareholder approval at the AGM scheduled for June 2025. An English version of the press release is available on Toyota’s website.

 Audit Committee Structure, Corporate Auditor Structure, and Independent Outside Directors explained in: Governance Structures