Board of Directors As of June 29, 2022 Ms.Mariko Fujii, Ms.Keiko Honda, Mr.Kaoru Kato, Ms.Satoko Kuwabara, Mr.Toby S. Myerson, Mr.Hirofumi Nomoto, Mr.Yasushi Shingai, Mr.Koichi Tsuji and Ms.Tarisa Watanagase are outside directors defined in Article 2, Item 15 of the Companies Act. Other Special Situations That Might Have a Major Influence on Corporate, (1) Concept of and policies for group management. Honda Motor global.honda has 162 executives and 11 subsidiaries +81 334 231 111 Email its top executives Add an executive Honda Motor (7267) News Anything missing? An organizational unit has been formed to respond to these elements, and the Company works closely with the police and other outside organizations. The Company has appointed IR Representative in Japan and North America and is working to expand and enhance IR activities. The Company regards the following as material information that should be disclosed and works to make such information available promptly, appropriately and fairly to shareholders, investors and other stakeholders. Matters Relating to Independent Directors, Other Matters Related to Independent Directors, Criteria for Independence of Outside Directors. As same as the previous fiscal year, a self-evaluation was conducted by the Company for 2019. Yes. The Audit and Supervisory Committee work closely with the Audit Division, which serves as the Company's internal audit department, to conduct audits of the Company and its subsidiaries. Implement environmental preservation and other CSR activities, etc. Filings with Tokyo Stock Exchange. We are making efforts to appropriately disclose corporate information including the release and disclosure of quarterly financial results and management policies in a timely and accurate manner to bolster trust and appreciation from shareholders/investors and society. Both of them qualify as "persons with considerable knowledge of finance and accounting," as specified under Article 121-9 of the Implementation Regulations of Japan's Company. Honda considers that stakeholder dialogue is a beneficial tool that leads to a proper understanding of stakeholders regarding the Company's initiatives while also giving the Company an understanding of changes and risks in the social environment. Tetsuo Iwamura Reason for appointment. Note: In the above section, "Group" means the corporate group comprised of the Company and its subsidiaries. The audit is carried out through participation in important meetings, examination of status of management/company assets, and other activities. The Audit and Supervisory Committee comprises five members who are also directors of the Company (including three Outside Directors). In terms of payment percentage, when performance-linked remuneration is paid on the base amount, the remuneration rate is set at 50% of the total remuneration for executive bonuses and stock-based remuneration that are performance-linked remuneration, and 50% of total remuneration for remuneration, etc. LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (NYSE:HMC) today announced an agreement to establish a joint venture (JV) company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North American market. Organizational Chart The Board of Directors at Honda Motor has 20 members, two of whom are external appointees. Under the system, the Company operates the Audit and Supervisory Committee, which consists of. In order for the Company to bear the necessary expenses for the Audit and Supervisory Committee to execute their duties, the Company secures the necessary. 1975: No smoking please We launched the amazing CVCC engine in North America. Offering an English version of the notice of the General Meeting and relevant documents for foreign investors. The Company will install an officer to coordinate all matters related to risk management, and it will establish rules on risk management and further develop its risk management systems. AHF provides grants to U.S. non-profits working in the areas of youth and scientific education and provides . 7ho )d[ (pdlo frusrudwh#krqgdfdulqgld frp &,1 8 83 3/& zhevlwh zzz krqgdfdulqgld frp American Honda Foundation. All Rights Reserved. Summary of director's, officer's and shareholder's authority and limitations thereof Public disclosure of identity of directors, officers and shareholders Minimum and maximum number of directors and shareholders Minimum number of shareholders required Removal of directors or officers Required and optional officers Board meeting requirements experience are elected as the directors. The Company will further develop other necessary systems for audits by the Audit and Supervisory Committee to be conducted effectively. Member of the Board of Directors, MUFG (current) Ms. Mariko Fujii, Ms. Keiko Honda, Mr. Kaoru Kato, Ms. Satoko Kuwabara, Mr. Toby S. Myerson, Mr. Hirofumi Nomoto, Mr. Yasushi Shingai, Mr. Koichi Tsuji and Ms. Tarisa Watanagase are outside directors defined in Article 2, Item 15 of the Companies Act. The Company has adopted a "company with an Audit and Supervisory Committee" system with the aim of reinforcing the supervisory function of the Board of Directors and ensuring the prompt decision-making. Honda believes that each of their business contributes to competitive advantage of Honda products and to increase the value the Company offers to customers. Facebook; . Reasons for the selection of this outside director (In the case a director is specified as an independent director, include information on the reasons for selection as an independent director): Based on her global perspective as well as abundant experience and deep insight regarding corporate management, she oversees the entire business management of the Company from an objective, highly sophisticated and broader viewpoint. (Current Corporate Governance System). The Company has formed an Executive Council which is composed of the Representative Director and the Executive Director, in principle. Supplementary Principle 4.10.1 stating that Companies should strengthen the independence, objectivity and accountability of board functions on the matters of nomination and remuneration, by establishing optional advisory committees under the board to which independent directors make significant contributions. Notice regarding the Commencement of the Tender Offer to Make Nissin Kogyo Co., Ltd. (Securities Code: 7230) a Wholly-Owned Subsidiary in connection with the Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation (Securities Code: 7251), Showa Corporation (Securities Code: 7274), and Nissin Kogyo Co., Ltd. Notice Concerning Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2021, Notice of Resolution by the Board of Directors Concerning Distribution of Surplus (Quarterly Dividends) and Dividend Forecast for the Fiscal Year Ending March 31, 2021, Notice Concerning 96th Ordinary General Meeting of Shareholders, Notice Concerning Result and Completion of Acquisition of the Company's Own Shares, Notice Regarding Reorganization of the Company and its Consolidated Subsidiary, Notice Concerning Changes in Directors and Officers, Notice Concerning Result of Acquisition of the Company's Own Shares through ToSTNeT-3, Notice Concerning Purchase of the Company's Own Shares through ToSTNeT-3. The Company will establish a code of conduct to be observed by its management and employees, such as conformity with applicable laws, ordinances, and internal rules and regulations, and it will endeavor to ensure that all management personnel and employees are made aware of and observe this code. 1 Power Products company, Honda India Power Products Limited (HIPP) (Formerly known as Honda Siel Power Products Ltd. HSPP), is a subsidiary of Honda Motor Co. Japan and was incorporated on 19th Sept, 1985. The Company's subsidiaries have developed risk management systems appropriate to their sizes and business conditions based on the Honda Global Risk Management Policy and report to the Company on material risks. These persons responsible regularly receive reports regarding business plans and management conditions from the subsidiaries for which they are responsible and supervise those subsidiaries in cooperation with business management departments and other related departments. In fiscal year 2019, the Audit and Supervisory Committee met 8 times, and all the Directors who are Audit and Supervisory Committee members attended all of those meetings. Notice Regarding Introduction of New Stock Compensation Scheme for Directors Etc. The amount of stock-based remuneration is determined within a range of 50% to 150% of the performance-linked coefficient based on the growth rate of each indicator for three fiscal years in accordance with the calculation method resolved by the Board of Directors. The response by the Company to the spread of COVID-19 is also being coordinated via the Global Emergency Headquarters. The Company has formed the Audit and Supervisory Committee's Division as a staff organization directly under the Audit and Supervisory Committee to provide support to the Committee. The Audit and Supervisory Committee and the Audit Division carry out the audit either independently or cooperatively. Senior Managing Officer and Director, Honda R&D Co., Ltd. Executive in Charge of Intellectual Property and Standardization, Honda Motor Co., Ltd. Senior Managing Officer, Honda Motor Co., Ltd. (310) 540-5858. Molten Aluminum Producer Foshan Co., Ltd. Yantai Die and Mold Engineering Co., Ltd. Akihabara UDX South Wing 18F, 4-14-1 Sotokanda, Chiyoda-ku Tokyo 101-8622, Japan. In addition, she is specified as an independent director, because there are not any personal relationship, business relationship and etc. No one making such a report will receive any disadvantageous treatment for doing so. 1983 Honda Aero 80; Board of Directors; Join AJMC. Matters Related to Governance Units and Their Operation, Etc. Nominating Committee:11 of 11. The relevant boards and councils such as the Board of Directors, Executive Council, and Regional Operating Boards deliberate upon material matters of management in accordance with each body's rules of procedure and then make decisions regarding such matters after assessing and considering associated risks. In addition to sharing the Company's code of conduct for its management and employees as well as its basic policy on development of internal control systems with its subsidiaries, the Company will further develop systems for supervising its subsidiaries and endeavor to enhance the corporate governance of the Group. The Company has a business relationship with Marubeni Corporation, where Fumiya Kokubu currently holds the position of Chairman of the Board. Executive Committee Global Advisory Board History 3480 Torrance Blvd., Suite 305 Torrance . In addition, each of the Company's functional operations, etc. IV. The interviews and the compilation of the results were carried out by outside attorneys as well. Jefferies Raises Honda Motor Company's Price Target to $31.51 From $30.83, Maintains Bu.. President, Chief Executive Officer & Director. We were the first Japanese automaker to bring our craft here, and we've been growing ever since. Mibe, who is set to assume the presidency in April, joined Honda in 1987 and has been primarily focused on the research & development of automobiles, particularly powertrain development. (Risk Management Division, Japan General Affairs) Lowell Brickman. The Company pays bonuses to directors (excluding outside directors and the directors who are Audit and Supervisory Committee members) that reflect performance in each fiscal year. risk management systems of the subsidiaries. honda motor co., ltd. (the "company") hereby announces that its board of directors today decided on the following personnel changes in its directors and operating officers effective as of april 1, 2021, and made an internal decision regarding personnel changes in its directors and executive officers to become effective after the transition of the Basic Approach to and Current Status of Activities to Exclude Anti-Social Elements. We search for you. In addition, he is specified as an independent director, because there are not any personal relationship, business relationship etc. Directors and operating officers shall continuously hold throughout their term of office and for one year after their retirement any stock of the Company acquired as stock-based remuneration or acquired through the Officers Shareholding Association. Honda Trading Asia Co., Ltd. Company Profile View Lager Map Date of Establishment March 18, 1991 Head office location 11/1 8th Floor, AIA Sathorn Tower, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120, Thailand Tel +66 2029-0080 FAX +66 2029-0081-3 Capital 112 Million Thai Baht Shareholder Honda Automobiles (Thailand) Co., Ltd. Also, regarding executive bonuses, 4 Executive Directors were paid a total of 101 million. JAPAN Company President: Hisashi Hashimoto: Manufacturing Management Division,JAPAN Company: All five members of the Audit and Supervisory Committee remain independent as specified by the regulations of the U.S. Securities and Exchange Commission. Mr. Tetsuo Iwamura has extensive experience and diverse knowledge as a business manager at Honda Motor Co., Ltd. The Motorcycle Operations and Automobile Operations have functions of sales, production, research & development, purchasing, etc., and Life Creation Operations have functions of sales, production, purchasing, etc. To conduct management efficiently and effectively, the Company will establish annual and medium-term business plans, endeavor to share these plans, and supervise their progress. . All Rights Reserved. He/She is not, and has never been, any of the following during the last year: Company, or (ii) a company of which the Company is a major customer; 2. Sanaullah Qureshi Director. [Supplementary Principles 4.11.1] View on the appropriate balance between knowledge, experience and skills of the board as a whole, and also on diversity and appropriate board size, Refer to the Article 3 (Constitution of the Board of Directors) of the "Honda Corporate Governance Basic Policies. Basic Approach to Corporate Governance, and Capital Composition, Corporate . Dollar-Denominated Green Bonds (Unsecured Straight Bonds) to Accelerate its Environmental Initiatives Feb 25, 2022 Production, Sales and Export Results for January, 2022 then we hatched an idea, then we named the idea, All Japanese Motorcycle Club. Todd is the Director of Topy America, Inc. located in Frankfort, Kentucky. Telephone: 03-3423-1111 (main number) Securities code number: 7267. https://www.honda.co.jp. The Company will further develop the internal whistle-blowing systems of the Group in order to discover at an early stage and respond to issues such as violations of laws or ordinances within the Group. All Japanese Motorcycle Club. As part of Honda's efforts to promote equality in its workforce and society, the company today released its inaugural Inclusion & Diversity Report: "Living Our Values.". The Board of Directors comprises 13 members (comprising of 8 Inside Directors and 5 Outside Directors, or 11 men and 2 women). Chairperson. *6 A "family member or close relative" means a spouse or first or second degree relative of an outside director. By using Honda Website, you . Copyright 2022 Surperformance. Adoption of anti-takeover measures Existence of anti-takeover provisions: None. An overview of the development and operating status of Internal Control Systems of the Company based on the above basic policy is as follows. He graduated from Claremont Mckenna College, California and completed his OPM from Harvard Business School. Integrators-Distributors Corporate Information Message from the CEO Our Business Our Competitive Edge About Daifuku Corporate Policies Corporate Brand Management Group Companies History News Release Careers Sustainability Message from the CEO Message from the Sustainability Officer Daifuku's Value Creation Daifuku's Sustainability Environment Method of Determining Accounting Auditor Remuneration. Mr. Toshiaki Mikoshiba has been the Chairman of the company since 2019. Yachiyo's major areas of business are R&D, production, and sales of fuel tanks and sunroofs for automobiles and exhaust system parts for motorcycles. Japanese. 2. Honda Motor Co., Ltd. announced that at a meeting of the company's Board of Directors held today, Toshihiro Mibe, currently the company's Senior Managing Director, was named . Participation in an electronic voting platform and taking initiatives to improve the voting environment for institutional investors, Offer an English-language version of the General Meeting notice (summary). Since 1959, Honda has aimed to improving the way we look at transportation. Appoint an IR Representative and create an IR department. Representative Director, Chair of the Board of Directors Tatsuo Yasunaga Representative Director, President and Chief Executive Officer Kenichi Hori Representative Director, Executive Vice President Yoshio Kometani Representative Director, Senior Executive Managing Officer Motoaki Uno Representative Director, Senior Executive Managing Officer Attendance at meetings of the Board of Directors(Met 12 times in fiscal year 2022) 12 of 12. February 19, 2021. 2. Naomi Koganei [Director] Senior Pastor, Onoue Seiai Church Hyogo, Japan Rev. The Company has entered into liability limitation contracts with all Outside Directors based on Article 427, Paragraph 1 of the Companies Act and the Company's Articles of Incorporation, to the effect of limiting the liability for damages, in accordance with Article 423, Paragraph 1 of the Companies Act, to the minimum liability amount that is stipulated in Article 425, Paragraph 1 of the Companies Act. In this transformational era, a new value system is spreading all around the world. ", [Principle 5.1] Policy for Constructive Dialogue with Shareholders, Refer to the Article 17 (Policies for Dialogue with Shareholders) and the Annex 2 (Policies for Promoting Dialogue with Shareholders) of the "Honda Corporate Governance Basic Policies. -, Basic Approach to Corporate Governance, and Capital Composition, Corporate Attributes and Other Basic Information. Each department regularly conducts risk assessments in accordance with the Policy. Based on the Board of Directors resolutions, "Honda Corporate Governance Basic Policies" showing the company's basic concept, framework and implementation policy are determined and posted on our website. (Lumada Business, New Business Creation, and Value Chain Solution Business) Refer to the "convening notices for general shareholder meetings" posted on our website. *3 A "major customer" means a customer of the Company where the annual amount of transactions between the customer and the Company exceeds 2% of the consolidated sales revenue of the Company or the said customer. 1. Member Login; Contact; Search for: Board of Directors samuel 2020-01-10T18:27:33+00:00. Hold periodic information meetings for foreign investors. [Supplementary Principles 4.1.1] Matters to be decided by the Board of Directors and the scope of the matters delegated to the management, Refer to the Article 2 (Roles and Responsibilities of the Board of Directors) of the "Honda Corporate Governance Basic Policies. more. Furthermore, the MaaS Operations carries out planning and development of next generation services for all products under the categories of motorcycle, automobile, and life creation. The Board of Directors consists of eight directors (three of whom are outside directors) and the Audit & Supervisory Board consists of four Audit & Supervisory Board members (two of . The status of corporate governance at Honda Motor Co., Ltd. (hereinafter, "Honda", the "Company") is as follows. Dec 2, . Remuneration paid to the outside directors and other non-Executive Directors (excluding Audit and Supervisory Committee members) shall consist only of monthly remuneration based on remuneration standards approved by the Board of Directors. David Hodgetts, who joined Honda UK as a production engineer 30 years ago and took over in his second stint as managing director in 2016, acknowledges that some things could have been done better. Internal systems for timely disclosure of corporate information. The Company has adopted a "company with an Audit and Supervisory Committee" system, and strengthen the supervisory function of the Board of Directors and extend the delegation of authority from the Board of Directors to the Executive Council for further increased speed in decision-making. Mr. Aoki is President & Chief Executive Officer (CEO) of Honda Atlas Cars (Pakistan) Limited. In order for the Fund to enhance its specialist knowledge in fund management and to exercise its function such as monitoring against investors sufficiently, the Company dispatches its officer(s) and/or staff with expertise in finance and human resources to the Fund. Tooru Sakamoto. Director and President Takahiro Hachigo received fixed remuneration of 91 million, executive bonus of 36 million, and stock-based remuneration of 47 million, a total of 176 million. TOKYO, Japan, February 19, 2021 --- Honda Motor Co., Ltd. announced that at a meeting of the company's Board of Directors held today, Toshihiro Mibe, currently the company's Senior Managing Director, was named the next President and Representative Director, effective April 1, 2021. In addition, regarding performance-linked remuneration indicators, the indicator for executive bonuses includes business performance, dividends to shareholders, employees' bonus levels, and the like for each fiscal year, and the indicator for stock-based remuneration includes growth rates for financial indicators, such as consolidated operating profit margin, and growth rates for non-financial indicators, such as brand value and ESG. Initiatives to Reactivate the General Meeting of Shareholders and Facilitate the Smooth Execution of Voting Rights, Sending of the notice of convocation of shareholder meeting earlier. It also provides supervision and guidance to internal audit departments of the major subsidiaries and when necessary, audits subsidiaries directly to enhance the internal audit system of the Honda group. Initiatives Related to Respecting the Viewpoints of Stakeholders. And so it goes, artwork was created and now the website is being . Barbara K. Uchiyama Joseph Yasutake, Ph.D. consolidated subsidiaries, was 4,210 million. Honda Motor, Japan's third largest car maker by volume, has made two new appointments to its Board of Directors. ", (5) Explanations with respect to the individual nominations of candidates for directors. announcing the results of the voting during the General Meeting. Mashmooma Zehra Majeed Director. Existence of Policies Determining the Amount of Remuneration or Method of Calculating Remuneration: Exists, Disclosure of Policies Determining the Amount of Remuneration or Method of Calculating Remuneration. . The Company is providing shareholders with a means to execute their voting rights via the Internet using PCs, smartphones, and the like. directors, to delegate the authority to directors from the Board of Directors and accelerate the separation of the supervisory function and business execution function. Moreover, the Company checks soundness of the overall operation of the, Basic views and guidelines on corporate governance Refer to the "Honda Corporate Governance Basic Policies. In this meeting, Accounting Auditors explain and report the auditing plans, results of their auditing activities, etc., and both parties exchange opinions. Mr. Takeharu Aoki has been working with different Honda ventures around the world. Honda develops, manufactures and markets motorcycles, automobiles and power products globally. Senior Vice President and Executive Officer. India's No. General Manager of Planning & Administration Division, Yokkaichi Plant. Byron Ishiwata, Financial Advisor Tom Izu Jane May Joyce Yuri Oyama Carolyn Sakauye, M.D. Key People Honda Motor Co. Ltd. ADR Board of Directors Name/Title Current Board. In selecting Outside Directors, the Company seeks to identify persons who have a high degree of independence. The Company will further enhance monitoring capabilities of the Board of Directors to raise effectiveness, by taking measures such as provision of sufficient information to Outside Directors and having thorough discussion over the macroscopic theme and future strategies. including Brand and Communication Operations, Business Management Operations, Human Resources and Corporate Governance Operations, IT Operations, Quality Innovation Operations, and Customer First Operations, is providing support and coordinating efforts to increase the effectiveness and efficiency of the Honda Group as a whole. Statement Concerning News Story on Dividend of Honda Motor Co., Ltd. Notice Concerning 89th Ordinary General Meeting of Shareholders, Notice Concerning Partial Amendments to Articles of Incorporation, Recorded Non-operating Expenses Related to Foreign Exchange Losses in the Unconsolidated Financial Statement, Notice Regarding Application for Delisting of Shares from the London Stock Exchange, Notice Concerning Revision of Forecasts for Consolidated and Unconsolidated Financial Results of the Fiscal Year Ending March 31, 2013, Notice Concerning 88th Ordinary General Meeting of Shareholders, Ninth Notice Concerning Impact of Thai Floods, Notice Concerning Revision of Forecasts for Consolidated and Unconsolidated Financial Results of the Fiscal Year Ending March 31, 2012, Condensed Consolidated Interim Financial Statements, Monthly Data on Production, Sales and Exports, The Ordinary General Meeting of Shareholders, Regulations (Articles of Incorporation, etc. Mr. Masafumi Suzuki, a director who is also a member of the Audit and Supervisory Committee, has had sufficient operating experience in the finance and accounting departments of the Company and its subsidiaries, and Mr. Hideo Takaura, also a director and a member of the Audit and Supervisory Committee, has abundant experience and considerable knowledge as a certified public accountant. Toshihiro Mibe President, CEO and Representative Director Honda Motor Co., Ltd. Noriya Kaihara President & CEO, American Honda Motor Co., Inc. and Chief Officer, Regional Operations (North America), Honda Motor Co., Ltd. Steven Bailey Vice President, Parts, Service & Technical Operations, American Honda Motor Co., Inc. Ed Beadle Matters Related to Governance Functions, Including Execution of Management, Auditing and Internal Supervision, Nominations and Decisions on Remuneration Etc. All rights reserved. Announcement Regarding the Forming of a Joint Venture with LG Energy Solution for EV Battery Production in the U.S. Notice Concerning Acquisition of the Companys Own Shares, Announcement Regarding the Signing of a Joint Venture Agreement with Sony Group Corporation in the Mobility Field, Notice Concerning 98th Ordinary General Meeting of Shareholders, Notice of Resolution by the Board of Directors Concerning Distribution of Surplus for the Fiscal Year Ending March 31, 2022, Notice Concerning Honda Briefing on Automobile Electrification Business, Honda Motor Co., Ltd. Each subsidiary has developed internal control systems appropriate to the laws and ordinances of the country in which it operates and to the business conditions of the subsidiary and regularly reports to the Company regarding the development and operating status of those systems. Mike Honda Aggie Idemoto, Ed.D. Based on his abundant experience and deep insight regarding corporate management. Mr. Kazuhiro Odaka has been appointed as President and Representative Director of Honda Trading Corporation since November 8, 2019. Announces Signing of Memorandum of Understanding with Sony Group Corporation for Strategic Alliance in the Mobility Field, Notice Concerning Changes in Representative Executive Officers, Directors and Officers, Notice Regarding Reorganization of the Company and its Consolidated Subsidiaries (Simplified Absorption-Type Company Splits), Notice Concerning Result and Completion of Acquisition of the Companys Own Shares, Notice Concerning Result of Acquisition of the Companys Own Shares through ToSTNeT-3, Notice Concerning Purchase of the Companys Own Shares through ToSTNeT-3. Announces Signing of Memorandum of Understanding with Sony Group Corporation for Strategic Alliance in the Mobility Field Mar 4, 2022 Honda to Issue U.S. For each fiscal year, the Company's Board of Directors carries out an evaluation of the Board as a whole for the purpose of checking the current state of its operational capabilities, subsequently, to enhance effectiveness. Honda's Chief Executive Officer, Director and President is Toshihiro Mibe. Audit & Supervisory Board Members. GO TO HOME. *5 A person receives a "large amount" if he/she receives consideration from the Company in excess of 10 million yen per year. 3. CLBO, Deputy General Manager, Value Chain Solution Business Group, and President, Hitachi High-Tech Solutions Corporation. . ", [Principle 2.6] Effort for company pension fund to function as an asset owner. Moreover, by pursuing the selection and concentration of its corporate resources on a global basis, a solid foundation for the future was established, preparing Honda to take off in the new era. Corporate Executive Officer (Risk Management Division, International) Masumi Minegishi. Persons responsible for the supervision of each subsidiary have been appointed from among the Executive Directors, the Operating Officers and Operating Executives with jurisdiction over the area related to the business of the relevant subsidiary. In addition to internal points of contact, the Company has also established an external point of contact in a law firm. Founder and President. The Audit and Supervisory Committee shall provide to other Outside Directors any information beneficial for business management, as necessary. Thus, the company believes optional advisory committees are not necessary and existing structure is appropriately functioning. While taking its business characteristic and external environment into consideration, the Company runs the business of the group through maximizing the synergistic effect within the group, making decisions promptly, integrating operation of business, etc., and verifies and reviews the group management when necessary. For key foreign institutional investors at appropriate times conducting to explain the Honda Group's business strategies etc. The Company will further develop systems for the management and employees of the Company and its subsidiaries to report to the Audit and Supervisory Committee. Attendance at meetings of the Committees. To solidify trust in Honda among customers and in society, "Honda Conduct Guidelines" has been issued as a code of conduct that summarizes the conduct with integrity to be practiced by all personnel working for the Honda Group. Regarding stock-based remuneration, 4 Executive Directors were paid a total of 140 million. Keith Inouye Rev. Outside Officer. In fiscal year 2019, the Board of Directors met 10 times, and all the Directors attended all of those meetings.(Ms. This council conducts prior discussions of items that will be decided by the Board of Directors, and, within the limits of authority delegated to it by the Board of Directors, deliberates important management matters. Executive Officer. Honda Investor Relations Website.Management Policy, IR Library, Financial Data, . Yukiko Nagashima. ", Percentage of shares held by foreign investors: 30% or more, Existence of controlling shareholders (excluding the parent company): ---, Stock Exchange Listings and market classification: Tokyo Stock Exchange, First Section, Industry classification: Transportation equipment, Number of employees (on a consolidated basis) on the closing date of previous fiscal year: 1,000 or more, Net sales (consolidated) in the previous fiscal year: 1 trillion (1,000,000,000,000) or more, Number of consolidated subsidiaries on the closing date of the previous fiscal year: 300 or more, 4. Chair Merit E. Janow Vice Chair Alan S. MacDonald President & CEO Joshua W. Walker, Ph.D. Secretary Susan J. Onuma ChairMerit E. Janow Vice ChairAlan S. MacDonald President & CEOJoshua W. Walker, Ph.D. SecretarySusan J. Onuma Gerald L. CurtisBurgess Professor of Political ScienceColumbia University Ariel J. Deckelbaum*PartnerPaul, Weiss, Rifkind,Wharton & Garrison LLP Richard A. Drucker . Holding information meetings to announce quarterly results (four times a year), and, as necessary, holding press conferences presented by the President and Representative Director. Overview of Corporate Governance Structure. 1. Reflecting this direction, under the new management structure Honda will strive to achieve continuous growth and advancement by further enhancing its commitment toward solving social issues based on Hondas belief that the purpose of technology is to help people, which remains unchanged since the foundation of the company. The Audit Division, which directly reports to the president, conducts internal auditing of each department of the Company, provides supervision and guidance to internal audit departments in major subsidiaries, and conducts audits of subsidiaries directly when necessary. Based on his high expertise and abundant experience as a legal affairs specialist, he audits and oversees the entire business management of the Company from an objective, highly sophisticated and broader viewpoint. The Honda Classic is produced by IMG Golf North America. The Company is sending the General Meeting notice and relevant documents prior to the statutory period and posting the notice and relevant documents (both in Japanese and English) on its website prior to sending them. Full-time staff members are employed for the Audit and Supervisory Committee's Division which is independent from the chain of command of the directors (excluding the members of the Audit and Supervisory Committee) of the Company and is under the direct control of the Audit and Supervisory Committee. To provide timely and accurate reports to the Audit and Supervisory Committee, Standards for Audit and Supervisory Committee Reports has been established. *New title name in accordance with the transition to a company with three committees after receiving approval at the Ordinary General Meeting of Shareholders scheduled to be held in June 2021. Key career milestones of Toshihiro Mibe, the next President of Honda Motor Co., Ltd. Honda Motor Co., Ltd. and its subsidiaries and affiliates. 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Group '' means the Corporate Group comprised of the voting during the General Meeting and relevant documents for foreign.! For key foreign institutional investors at appropriate times conducting to explain the Honda Classic is produced by IMG North... Mr. Toshiaki Mikoshiba has been appointed as President and Representative Director and the Executive Director, because are., Suite 305 Torrance Joyce Yuri Oyama Carolyn Sakauye, M.D Administration Division, Japan.! ( Risk management Division, Yokkaichi Plant and scientific education and provides number: 7267. https:.. Telephone: 03-3423-1111 ( main number ) Securities code number: 7267. https: //www.honda.co.jp expand and enhance IR....: None Honda products and to increase the value the Company offers to customers IMG North! Deep insight regarding Corporate management Directors Name/Title Current Board the development and operating status of management/company assets, and Composition... An Outside Director Directors Name/Title Current Board shall provide to other Outside organizations advantage. Of the voting during the General Meeting and relevant documents for foreign investors the.... And accurate reports to the individual nominations of candidates for Directors etc Independent Directors, other matters Related Governance. The compilation of the Representative Director and President, Hitachi High-Tech Solutions.! Suite 305 Torrance Audit Division carry out the Audit Division carry out the Audit and Supervisory,. Data,, [ principle 2.6 ] Effort for Company pension fund to function as an asset owner `` (! 2.6 ] Effort for Company pension fund to function as an asset owner operations... We were the first Japanese automaker to bring our craft here, the. Login ; contact ; Search for: Board of Directors at Honda Motor Co.,.... Remuneration, 4 Executive Directors were paid a total of 140 million matters to! 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Honda Classic is produced by IMG Golf North America currently holds the position of Chairman of Board... `` Group '' means the Corporate Group comprised of the Company has formed Executive...