Nintendo president Satoru Iwata has been re-elected to the board of directors at the company's Annual Shareholders Meeting.

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The meeting, which took place today in Japan, saw Iwata safely retain his position in the company despite being absent due to recent surgery It'll come as a relief to Iwata, as his approval rating from investors has steadily been declining in recent years. It was riding high at 92.9 percent in 2011, but that dipped to 77.3 percent last year. His current approval rating hasn't been announced, but we're working to track it down.There were serious concerns earlier this year that the Nintendo president could be voted out following a slump in his internal approval rating and another annual loss , but it seems investors are keen to see him remain at the helm, for another year at least.With the news that Mario Kart 8 has managed to sell over 2 million copies however, perhaps this will be the year Nintendo's fortunes turn around.

Luke Karmali is IGN's UK News Editor. You too can revel in mediocrity by following him on Twitter