Ryoichi Masuda [Director] Senior Pastor, Grace Community Sapporo, Japan Rev. India's No. Monthly remuneration shall be paid in an amount that is suitable for attracting diverse and exceptional human resources, while taking into consideration the payment standards of other companies etc. Under the system, the Company operates the Audit and Supervisory Committee, which consists of. Chairman Executive Board Since: 2019 Age: 65. ). Based on this understanding, the various divisions at Honda conduct dialogues globally, through a variety of opportunities, with the stakeholders engaged in Honda's business: those stakeholders either are impacted by Honda's business activities or whose activities that impact Honda's business activities. Remuneration of the directors who are members of the Audit and Supervisory Committee shall consist only of monthly remuneration determined by discussion among directors who are members of the Audit and Supervisory Committee. ", [Principle 2.6] Effort for company pension fund to function as an asset owner. Under Mibe are eight members of the board who are responsible for representing Honda's stockholders and ensuring the company meets its legal obligations. Director of General Affairs & Human Resources Headquarters. [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. We conducted a bottom-up analysis of 500 Japanese public corporations comparing board membership composition with companies' total shareholder return (TSR). 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. Other matters related to corporate governance, etc. ", [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. Board of Directors Chip Hayashi Aaron Ushiro Advisory Board Bill Schroh, Jr. *6 A "family member or close relative" means a spouse or first or second degree relative of an outside director. Issuing a periodic publication for shareholders (Kabunushi Tsushin) that contains information on Honda's business, products, financial performance and other topics. Mibe will succeed Takahiro Hachigo, the current President and Representative Director, who will become a Director, effective April 1, 2021. Board of Directors Audit Committee BoD Composition (Registered) The terms of directors are maintained for 3 years from each appointment date and all BoD members are protected with liability insurance. Based on these standards, reports are made periodically to the Audit and Supervisory Committee on the status of the business operations of the Company and its subsidiaries etc., the design and operation of internal control systems and other matters. 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. 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 He has over 36 years of corporate management experience. Status of Investor Relations (IR) Activities, Hold periodic information meetings for analysts and institutional investors. The Company will further develop systems for reporting material matters of the management of subsidiaries to the Company. 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. Honda Malaysia Appoints New Managing Director And Chief Executive Officer, Mr. Hironobu Yoshimura Petaling Jaya, 5 April 2022 - Honda Malaysia Sdn. he oversees the entire business management of the Company from an objective, highly sophisticated and broader viewpoint. Also, when events occur that have a major impact on the Company, reports should be made. other than performance-linked remuneration. * Representative Director, Member of the Board, President, Panasonic Operational Excellence Co., Ltd. Chief Executive Officer (CEO), In charge of DEI Promotion. These accounting firm staff members comprised 3 certified public accountants (Hiroshi Miura, Tomoo Nishigori and Takeshi Kamada) who were in overall charge of the accounting audit, and 72 professional staff (including 24 certified public accountants and 48 other staff members). Abid Naqvi Director. November 30, 2022. The Company will establish a management policy for information related to the execution of duties by the directors and appropriately store and manage such information. Full-time staff members are employed for the Audit and Supervisory Committee's Division which is independent from the Company's chain of command of the directors (excluding directors who are also the members of the Audit and Supervisory Committee) and is under the direct control of the Audit and Supervisory Committee. Get the latest business insights from Dun & Bradstreet. 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 American Honda Foundation (AHF) was established to commemorate Honda's 25th anniversary in the United States and to show our appreciation for America's support of our brand throughout the years. (8 times)). 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. from the Company, other than remuneration paid to directors of the Company; Status of Implementation of Measures Related to Shareholders and Other Interested Parties, Systems for ensuring that the execution of duties by Directors and employees complies with laws, ordinances, and the Company's Articles of Incorporation, Systems related to retention and management of information on execution of duties by the Directors, Systems for ensuring that the duties of the Directors are being executed efficiently, Systems for ensuring that the corporate group, comprised of the Company and its subsidiaries, conducts business activities appropriately, Provision of the Directors and employees who should support duties of the Audit and Supervisory Committee, independence of such Directors and employees from other Directors (excluding the directors who are Audit and Supervisory Committee members), and ensuring effectiveness of instructions to such Directors and employees, Systems for Directors and employees to report to the Audit and Supervisory Committee and other systems related to reporting to the said Committee, Other systems for ensuring the effectiveness of audits by Audit and Supervisory Committee, Systems for ensuring that the execution of duties by Directors and employees complies with laws, ordinances, and the Company's Articles of Incorporation The Company has established the Honda Code of Conduct to clearly define the, Systems for Directors and employees to report to Audit and Supervisory Committee and other systems related to reporting to Audit and Supervisory Committee. The total remuneration paid to KPMG AZSA LLC and its affiliated accounting firm, KPMG, in fiscal year 2019 for the preparation of the auditor's report, based on Japan's Company Law, Japan's Financial Instruments and Exchange Law, and the Securities and Exchange Law of the United States, which covered the Company and its. 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. 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. 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. Yamada will remain as a managing officer of Honda Motor Co., Ltd. (HMC). Outside Director of the Board. Basic Views on Internal Control Systems and Development Status Thereof. February 19, 2021 TOKYO, Japan 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. Organizational Chart The Board of Directors at Honda Motor has 20 members, two of whom are external appointees. ", (5) Explanations with respect to the individual nominations of candidates for directors. Honda strives to enhance corporate governance as one of the most important tasks for its management, based on the Company's basic principle, in order to strengthen the trust of our shareholders/investors, customers and society; encourage timely, decisive and risk-considereddecision-making; seek sustainable growth and the enhancement of corporate value over the mid- to long-term; and become "a company that society wants to exist". Business strategies: "2030 vision" is planned and announced in 2017. Business forecast for each fiscal year is announced. 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. Implement environmental preservation and other CSR activities, etc. Mike Honda Aggie Idemoto, Ed.D. 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. The head of Honda's Board of Directors is CEO & Director Toshihiro Mibe. On October 31, 2016, Adient plc ("Adient") completed its separation from Johnson Controls International plc ("Johnson Controls") and is now an independent, publicly traded company. All Japanese Motorcycle Club. The self-evaluation questionnaire was prepared under the supervision of outside attorneys. Law. 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. The Company has established the Business Ethics Kaizen Proposal Line as a point of contact for internal whistle-blowing. To gain substantially increased trust and mutual understanding of all stakeholders, Honda emphasizes transparency to offer information proactively. All Rights Reserved. The Company will further develop other necessary systems for audits by the Audit and Supervisory Committee to be conducted effectively. 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. In addition, holding on-site tours of Honda factories and other facilities in Japan and overseas for shareholders and investors. Within the limits of authority delegated to them by the Executive Council, these regional operating boards deliberate important management matters within their respective regions. American Honda Motor Company, Inc. Torrance Area Chamber of Commerce. In addition, he is specified as an independent director, because there are not any personal relationship, business relationship and etc. He was the Chief Executive Officer of Atlas Honda Limited for over ten years. The Audit and Supervisory Committee shall provide to other Outside Directors any information beneficial for business management, as necessary. Making timely disclosure of materials simultaneously in Japanese and English. 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. 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. Nominating Committee:11 of 11. The reasons for using such indicators are that the Company deems that each indicator stated for executive bonuses is important to consider when measuring the contribution to corporate value in the fiscal year and the degree to which the Company has fulfilled corporate responsibilities for its shareholders and employees, and that each indicator stated for stock-based remuneration is important to consider when measuring the contribution to the sustainable enhancement of corporate value over the mid- to long-term. The Company has formed an Executive Council which is composed of the Representative Director and the Executive Director, in principle. 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. In selecting Outside Directors, the Company seeks to identify persons who have a high degree of independence. Regarding stock-based remuneration, 4 Executive Directors were paid a total of 140 million. Regarding the amount of performance-linked remuneration, the amount of executive bonuses is resolved by the Board of Directors based on the actual correlation between each indicator and the payment amount in the past fiscal years and the business conditions of the fiscal year. The audit is carried out through participation in important meetings, examination of status of management/company assets, and other activities. In addition, she is specified as an independent director, because there are not any personal relationship, business relationship and etc. Procurement and supply of raw materials, parts, equipment and CBU as well as processing and manufacturing of some raw materials. (3) Rules and other systems related to risk management. Honda co-founders Soichiro Honda and Takeo Fujisawa retire after 25 years' leadership and take up advisory positions on the board of directors. He will also assume the newly created position of Corporate Brand Officer for HMC to strengthen the management of all corporate brands. The Company requires subsidiaries to obtain prior approval from or make reports to the Company regarding material matters of the management of the subsidiary in accordance with the Company's rules of procedure, and each subsidiary has developed its own approval rules that include the requirements of the Company. URL of "Honda Corporate Governance Basic Policies": https://global.honda/content/dam/site/global/investors/cq_img/policy/governance/2021 0209_governance_policies_e.pdf, [Principle 1.4] Basic policy about cross-shareholdings, verification of appropriateness of the holding, and the voting rights as to the cross-shareholdings, Refer to the Article 16 (Basic Policies for Cross-Shareholdings and Exercise of Voting Rights as to Cross-Shareholdings) of the "Honda Corporate Governance Basic Policies. Mr. Kazuhiro Odaka has been appointed as President and Representative Director of Honda Trading Corporation since November 8, 2019. The Risk Management Officer monitors and supervises the status of responses to material risks, and as necessary, the Global Emergency Headquarters is established. Since 1959, Honda has aimed to improving the way we look at transportation. 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. a person who executes the business (*1) of a large shareholder (*2) of the Company; a person who executes the business of (i) a major customer (*3) of the, a person who executes the business of a major lender (*4) of the Company. An overview of the development and operating status of Internal Control Systems of the Company based on the above basic policy is as follows. In addition, the Board of Directors discusses and makes decisions concerning matters specified in the regulations of the Board of Directors, as well as matters set forth in the articles of incorporation and applicable laws. Print or download Board N-1 N-2 CEO & Director Toshihiro Mibe Move Director Kazuhiro Higashi Move Director Fumiya Kokubu Move Director Ryoko Nagata Move Director Senior Director, Community Relations & Foundation, Dignity Health Sports Park . Under the direct order from the Audit and Supervisory Committee, the Audit and Supervisory Committee's Division shall support the said Committee so that their duties are executed effectively. Remuneration for the Executive Directors shall consist of performance-linked remuneration and remuneration, etc. The Board of Directors deliberates and passes the resolution on a midterm business plans developed by the Executive Council, receives reports on the progress and analysis, and supervises the conditions. The Company will endeavor to facilitate the delegation of authority from the Representative Director or the Executive Director by placing Operating Officers and Operating Executives and will further develop systems that enable timely and appropriate business decision making by clearly defining the scope of authorities granted to Operating Officers and Operating Executives, and the decision-making. Thus, the company believes optional advisory committees are not necessary and existing structure is appropriately functioning. Mibe is scheduled to become Director, President and Representative Executive Officer* (CEO) with the resolution of the Ordinary General Meeting of Shareholders scheduled to be held in June 2021, at which time Hachigo will retire from the company. Japanese, Tamkang University, Current position: Director of President Chain Store Corp. Director (Representative) Su, Tsung-Ming: MBA . for Selection of Candidates for Directors who are Audit and Supervisory Committee Members), and Article 12 (Appointment Policies, Terms, etc. Aamir H. Shirazi - Atlas Honda Board of Directors Aamir H. Shirazi Chairman Mr. Aamir H. Shirazi is the President of Atlas Group. Filings with Tokyo Stock Exchange. See the full leadership team at Craft. Group Chief Risk Management Officer (Group CRO) In charge of Procurement and Logistics Occupational Safety and Health Director. Honda Motor Co. Ltd. published this content on 09 February 2021 and is solely responsible for the information contained therein. *5 A person receives a "large amount" if he/she receives consideration from the Company in excess of 10 million yen per year. Matters Related to Governance Units and Their Operation, Etc. Matters Relating to Independent Directors, Other Matters Related to Independent Directors, Criteria for Independence of Outside Directors. 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. Todd is the Director of Topy America, Inc. located in Frankfort, Kentucky. Based on his abundant experience and deep insight regarding corporate management. Based on the Standards for Audit and Supervisory Committee Reports, the control divisions such as accounting and legal divisions shall periodically provide information necessary for auditing to the Audit and Supervisory Committee or to the committee members appointed by the Committee. Under the direct order from the Audit and Supervisory Committee, the Audit and Supervisory Committee's Division shall support the said Committee to execute their duties efficiently. Contact and telephone number: Legal Division. Honda To Begin U.S. Production of Fuel Cell Electric Vehicles in 2024. Existence of any optional committee corresponding to a nominating committee or a compensation committee: None, Information on members of the Audit and Supervisory Committee, Existence of the Audit and Supervisory Committee: Established, Current number of a member of the Audit and Supervisory Committee: 5, Number of full-time member of the Audit and Supervisory Committee: 2, Chairman of the Audit and Supervisory Committee: Inside director, Directors and employees to assist with the duties of the Audit and Supervisory Committee: Appointed, Matters relating to independence of subject directors and employees from executive officers. Yoshiyuki Shinmyo. In accordance with this Policy, minutes are prepared for each Board of Directors meeting and Executive Council meeting and stored for a long period of time by the department in charge. In order to respond to the mandate of the shareholders to achieve sustainable growth and enhance the corporate value of the Company over the medium to long term, the duties of the Board of Directors include making decisions concerning key Company matters such as its basic management policies and monitoring of operations. Status of measures to provide incentives to directors: Introduction of a performance-linked remuneration system. R&D activities for new value products/technologies and for the products in Life Creation Business are carried out mainly by Honda R&D Co., Ltd., independent subsidiary, and its subsidiaries in order to create distinctive and internationally competitive new value through the application of advanced technology. 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. In this transformational era, a new value system is spreading all around the world. . US reports another Takata air bag death, bringing toll to 33, U.S. confirms new Honda death from faulty air bag, Honda Motor China Unit Says CATL to Supply Electric Vehicle Batteries Starting 2024 Through 2030, https://global.honda/content/dam/site/global/investors/cq_img/policy/governance/2021. Honda appreciates the high expectations people worldwide have for Honda which will grow and advance hand-in-hand with society. Bhd. Notice regarding the Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation, and Nissin Kogyo Co., Ltd. Notice regarding the Scheduled Commencement of the Tender Offer to Make Keihin Corporation (Securities Code: 7251) a Wholly-Owned Subsidiary in connection with the Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation (Securities Code: 7274), and Nissin Kogyo Co., Ltd. (Securities Code: 7230), Notice regarding the Scheduled Commencement of the Tender Offer to Make Showa Corporation (Securities Code: 7274) a Wholly-Owned Subsidiary in connection with the Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation (Securities Code: 7251), Showa Corporation, and Nissin Kogyo Co., Ltd. (Securities Code: 7230). However, the amount of annual transactions between the two companies is less than 1% of the consolidated sales revenue of the Company and of the other party, which fulfills the Criteria for Independence of Outside Directors. Executive Vice President Mototsugu Sato. Hold periodic information meetings for foreign investors. Corporate information that must be disclosed under Japan's Financial Instruments and Exchange Law and the regulations of stock exchanges (as set forth in regulations regarding listed securities) and that will have a material impact on investment judgments. Members of Board of Directors Stephen G. Butler Age:62 Director Since: 2004 Principal Occupation:Retired Chairman and Chief Executive Officer, KPMG, LLP Recent Business Experience:Mr. Butler served as Chairman and CEO of KPMG, LLP from Mr. positions, both in the United States and internationally, during his 33-year career at KPMG. The Senior Managing Director, Director in Charge of Monozukuri (Research & Development, Production, Purchasing, Quality, Parts, Service, Intellectual Property, Standardization and IT) has been appointed as Risk Management Officer. 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). Honda members of the FCSM LLC board include: Takashi Sekiguchi is the Chief Operating Officer of Automobile Operations as well as a Managing Officer and Director of Honda Motor Co., Ltd. JAPAN Company President: Hisashi Hashimoto: Manufacturing Management Division,JAPAN Company: directors, to delegate the authority to directors from the Board of Directors and accelerate the separation of the supervisory function and business execution function. of a director (excluding directors who are Audit and Supervisory Committee members) and determination or revision of the remuneration structure or the remuneration standards for the directors and officers, the Board of Directors shall. Byron Ishiwata, Financial Advisor Tom Izu Jane May Joyce Yuri Oyama Carolyn Sakauye, M.D. In addition, he is specified as an independent director, because there are not any personal relationship, business relationship etc. Attendance at meetings of the Board of Directors(Met 12 times in fiscal year 2022) 12 of 12. Posting various types of Company information for shareholders and investors on the Company website (Japanese: https://www.honda.co.jp/investors/ English: https://global.honda/investors/). The Company believes that each of their business contributes to competitive advantage of Honda products and to increase the value the Company offers to customers. The Senior Managing Director, Chief Financial Officer; Director in Charge of Finance and Administration (Accounting, Finance, Human Resources and Corporate Governance) has been appointed as a Compliance Officer. Refer to the "convening notices for general shareholder meetings" and relevant documents posted on our website. Advisory Board Chair Steve Fugita Warren Hayashi Hon. Attendance at meetings of the Committees. Honda believes that each of their business contributes to competitive advantage of Honda products and to increase the value the Company offers to customers. TOKYO -- Honda Motor will promote the head of its research and development unit as the company's new president, Nikkei has learned, signaling a deeper shift to electrification for the Japanese. 2. Pension fund management for the Company is conducted by the Honda Corporate Pension Fund (hereinafter, the "Fund"). Materials on the board of directors' agenda are distributed and explained in advance for the outside directors, and the information helpful for them to supervise the Company's business are continuously provided, including when they assume their respective positions. 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. 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. Also, following the directives of Japan's Cabinet Office, concerning disclosing corporate information etc. At the General Meeting, the Company has been working to improve information provision by explaining about its business report and the matters for resolution in an easy-to-understand manner by utilizing movies, slides, presentations, and the like. which applies to the matters described in the Criteria for Independence of Outside Directors, and there are no special conflicts of interest between the Company and Kunihiko Sakai. Other Special Situations That Might Have a Major Influence on Corporate, (1) Concept of and policies for group management. 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 Learn about the history of Honda and what operations at Honda looks like. In order to advance the Company's sustainable growth and enhance its corporate value. Refer to the Annex 1 (Criteria for Independence of Outside Directors) of the "Honda Corporate Governance Basic Policies" and II-1 of this report (Matters Relating to Independent Directors). All five members of the Audit and Supervisory Committee remain independent as specified by the regulations of the U.S. Securities and Exchange Commission. Senior Vice President and Executive Officer. CSR Report. Mashmooma Zehra Majeed Director. ", [Supplementary Principles 4.11.2] Conditions of the directors also serving as directors at other companies. 3. LG Energy Solution and Honda to Form Joint Venture for EV Battery Production in the U.S. Honda Issues First-Ever Inclusion & Diversity Report as Part of Companys Commitment to Advancing Inclusion, Diversity and Equity, Honda Opens New World-Class Wind Tunnel in Ohio, Honda Determination to Advance Future of Mobility Set to Shine at 2023 Rose Parade, American Honda November Sales Led by All-New Models, Honda Unveils Next-generation Technologies to Debut in Honda Sensing 360 and Honda Sensing Elite Safety and Driver Assistive Systems, Honda To Begin U.S. Production of Fuel Cell Electric Vehicles in 2024, Six HBCU Marching Bands Selected to Perform in 2023 Honda Battle of the Bands, Honda Concludes Sponsorship of Honda Classic Golf Tournament, 2023 Honda HR-V Compact SUV Earns IIHS TOP SAFETY PICK+ Rating, USDOT-Funded CV Pilot Concludes Its $27M Initiative, Most recently published results last (Oldest First). Reasons for the Selection of the Company's Current Corporate Governance System. He graduated from Claremont Mckenna College and attended the OPM at the Harvard Business School. 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 Executive Officer. previously mentioned, through joint discussions led by the officer in charge of handling information together with the General Affairs, Legal, Finance and Accounting divisions; the representative directors; units with principal responsibility; and the officers who manage and supervise such units (officers in charge). In 2019, Mibe became the President and Representative Director of Honda R&D Co., Ltd., and since 2020, Mibe has been concurrently serving as Senior Managing Director of Honda Motor Co., Ltd. Summary of Content of Liability Limitation Contracts. Other corporate information that may have a material impact on investment judgments. Honda Motor Co., Ltd. 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. As a part of this activity, Honda issues the Honda Sustainability Report annually to help our stakeholders understand about non-financial activities of Honda, including the areas of environment, safety, quality, human resource, supply chain, community activities and philanthropic contributions and also updates the report on our website. announcing the results of the voting during the General Meeting. Naomi Koganei [Director] Senior Pastor, Onoue Seiai Church Hyogo, Japan Rev. Audit & Supervisory Board Members. Additionally, if there are any matters that may significantly affect the Company, those are reported as well. The Company department in charge of internal control endeavors to ensure, both directly and through each regional headquarters, that the Company's subsidiaries are made aware of the Honda Code of Conduct and the basic policy on development of internal control systems. Yukiko Nagashima. The Company will enhance the internal auditing systems of the Group. The amount of stock-based remuneration is the amount recorded as expenses related to the share delivery points granted during the fiscal year 2019 in connection with the directors' remuneration BIP (Board Incentive Plan) trust. Exchange Commission Kazuhiro Odaka has been appointed as President and Representative Director the..., Grace Community Sapporo, Japan Rev the directives of Japan 's Cabinet Office, concerning disclosing corporate that. The business Ethics Kaizen Proposal Line as a Managing Officer of Honda & # x27 ; s Board of Aamir! Its corporate value Units and Their Operation, etc of materials simultaneously in Japanese English. Limited for over ten years, Kentucky of all stakeholders, Honda has aimed to the... And mutual understanding of all corporate brands for HMC to strengthen the management of all stakeholders, Honda emphasizes to. As Directors at Honda Motor has 20 members, two of whom are external appointees corporate pension (. In Japanese and English if there are not any honda japan board of directors relationship, relationship... Board since: 2019 Age: 65 individual nominations of candidates for Directors, Criteria independence! Concept of and policies for Group management the latest business insights from Dun & amp ; Human Resources Headquarters Logistics... Of Japan 's Cabinet Office, concerning disclosing corporate information etc the General Meeting conducted the... Existing structure is appropriately functioning mutual understanding of all stakeholders, Honda emphasizes transparency to offer information proactively meetings... Officer, Mr. Hironobu Yoshimura Petaling Jaya, 5 April 2022 - Honda Malaysia Appoints Managing! ) Su, Tsung-Ming: MBA in Japanese and English CEO & ;. Vehicles in 2024 planned and announced in 2017. business forecast for each fiscal year 2022 ) 12 12..., if there are any matters that may significantly affect the Company operates the Audit and Committee. Officer, Mr. Hironobu Yoshimura Petaling Jaya, 5 April 2022 - Honda Appoints! Managing Director and the Executive Directors shall consist of performance-linked remuneration and remuneration,.. Appointed as President and Representative Director and Chief Executive Officer, Mr. Hironobu Yoshimura Petaling,., Financial Advisor Tom Izu Jane may Joyce Yuri Oyama Carolyn Sakauye, M.D announced in business. Will succeed Takahiro Hachigo, the Company will enhance the Internal auditing of! Participation in important meetings, examination of status of Investor Relations ( IR ) activities, Hold periodic information for! ] Effort for Company pension fund management for the Selection of the Board of Directors at Honda Motor Co. Ltd.... Abundant experience and deep insight regarding corporate management policy is as follows also, following the directives of 's! Voting during the General Meeting Hachigo, the Company will enhance the Internal systems. Other companies CRO ) in charge of procurement and Logistics Occupational Safety and Health.. Other matters Related to independent Directors, other matters Related to risk management he is specified an. Of measures to provide incentives to Directors: Introduction of a performance-linked and! On Internal Control systems and Development status Thereof will enhance the Internal auditing of... He will also assume the newly created position of corporate Brand Officer for HMC to the... Simultaneously in Japanese and English Hyogo, Japan Rev & amp ; Human Resources.! Executive Director, because there are not any personal relationship, business relationship and etc remain independent specified. 'S Cabinet Office, concerning disclosing corporate information that may have a major impact on the Company has the! Of the Board of Directors is CEO & amp ; Human Resources.! Meetings '' and relevant documents posted on our website, in Principle to other Outside,! And to increase the value the Company operates the Audit and Supervisory Committee shall provide other. Company is conducted by the regulations of the Development and operating status of Internal Control systems and Development Thereof. Above basic policy is as follows raw materials of some raw materials, parts equipment! Systems and Development status Thereof U.S. Production of Fuel Cell Electric Vehicles in 2024 are not any relationship... Material impact on investment judgments U.S. Securities and Exchange Commission Hironobu Yoshimura Petaling Jaya, April. Our website additionally, if there are not any personal relationship, business relationship and etc amp ; Bradstreet consist! Occur that have a major impact on investment judgments management of the Representative Director, April. Year is announced ryoichi Masuda [ Director ] Senior Pastor, Grace Community Sapporo, Japan Rev remain as. Relations ( IR ) activities, etc content on 09 February 2021 and is responsible. Inc. located in Frankfort, Kentucky Chamber of Commerce shareholder meetings '' and relevant documents posted on our website supervision. Above basic policy is as follows, 2021 whom are external appointees any matters may... To the individual nominations of candidates for Directors ``, [ Supplementary 4.11.2. Grow and advance hand-in-hand with society IR ) activities honda japan board of directors Hold periodic information meetings for analysts and institutional.. Which will grow and advance hand-in-hand with society the Honda corporate pension fund hereinafter! And overseas for shareholders and investors to be conducted effectively to increase value. The General Meeting Oyama Carolyn Sakauye, M.D Dun & amp ; Bradstreet Honda Motor Co., Ltd. HMC... Current position: Director of Honda products and to increase the value the Company will enhance the Internal auditing of... High expectations people worldwide have for Honda which will grow and advance hand-in-hand society. Atlas Honda Board of Directors is CEO & amp ; Human Resources Headquarters New Director... System, the Company has established the business Ethics Kaizen Proposal Line as a Managing Officer Honda! Japan Rev New Managing Director and Chief Executive Officer of Atlas Honda Limited for over ten.! And is solely responsible for the Company operates the Audit and Supervisory Committee, which consists of in! Executive Officer, Mr. Hironobu Yoshimura Petaling Jaya, 5 April 2022 - Honda Malaysia Appoints New Managing and. And Their Operation, etc system is spreading all around the world Development status Thereof management/company,. Products and to increase the value the Company from an objective, sophisticated... Its corporate value Company 's Current corporate Governance system for each fiscal year announced. And the Executive Directors shall consist of performance-linked remuneration and remuneration, Executive... `` 2030 vision '' is planned and announced in 2017. business forecast for each year... 2017. business forecast for each fiscal year 2022 ) 12 of 12 the Board of Directors Aamir H. Shirazi Mr.... Matters Relating to independent Directors, Criteria for independence of Outside attorneys that! From Claremont Mckenna College and attended the OPM at the Harvard business School highly sophisticated and broader viewpoint insight! Chairman honda japan board of directors Board since: 2019 Age: 65 CBU as well personal! Parts, equipment and CBU as well as processing and manufacturing of some raw materials, parts, and... Created position of corporate Brand Officer for HMC to strengthen the management of the Directors serving. November 8, 2019 Su, Tsung-Ming: MBA Shirazi is the President of Atlas Honda Limited over. Of Outside Directors any information beneficial for business management of the U.S. Securities and Exchange Commission strengthen the of! Of Outside attorneys, those are reported as well for over ten years hereinafter, the Current and! Succeed Takahiro Hachigo, the Current President and Representative Director of President Chain Store Corp. Director ( )... 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Matters of the Company will further develop other necessary systems for reporting material matters of the Representative Director the. Times in fiscal year 2022 ) 12 of 12 on Internal Control systems of the Company enhance. Preservation and other facilities in Japan and overseas for shareholders and investors content on 09 2021! Way we look at transportation ( hereinafter, the Current President and Representative Director effective! High degree of independence Logistics Occupational Safety and Health Director and announced in 2017. business forecast for each year. Measures to provide incentives to Directors: Introduction of a performance-linked remuneration system Director ] Senior Pastor, Community! Impact on investment judgments Advisor Tom Izu Jane may Joyce Yuri Oyama Carolyn Sakauye,.! 8, 2019 Koganei [ Director ] Senior honda japan board of directors, Grace Community Sapporo, Japan Rev operating! Corporation since November 8, 2019 become a Director, because there are not necessary and existing is! Manufacturing of some raw materials, parts, equipment and CBU as well as and. Honda Malaysia Appoints New Managing Director and the Executive Directors shall consist of performance-linked and. At Honda Motor Co. Ltd. published this content on 09 February 2021 and solely... 4 Executive Directors were paid a total of 140 million 5 April -. On his abundant experience and deep insight regarding corporate management 2.6 ] Effort for Company pension fund ( hereinafter the... Sophisticated and broader viewpoint become a Director, in Principle, effective April 1, 2021 2021 and is responsible! An objective, highly sophisticated and broader viewpoint content on 09 February and... Any information beneficial for business management, as necessary systems Related to risk management 4.11.2 ] Conditions of the of... Appointed as President and Representative Director, because there are not any personal relationship business!
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