“Toyota Industries Establishes ‘Restart Committee’ in Response to Regulatory Violations, Partial Executive Remuneration Returned”

On the 22nd, Toyota Industries Corporation announced the establishment of a “New Start Committee” to spearhead the implementation of measures to prevent recurrence in response to receiving a corrective order for violations in domestic engine certification regulations. The committee will be chaired by President Koichi Ito.

Furthermore, the company expressed its commitment to rectifying the regulatory violations that have persisted over an extended period. By setting up the New Start Committee under the leadership of President Ito, Toyota Industries aims to address the issues effectively, enhance compliance with regulations, and instill a culture of continuous improvement within the organization.

Stay tuned for updates on the actions and outcomes of the New Start Committee as Toyota Industries Corporation endeavors to address the regulatory compliance challenges and strengthen its commitment to upholding the highest standards in engine certification and compliance practices.