The Audit and Supervisory Committee holds meetings with Accounting Auditors. 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. In fiscal year 2019, the Board of Directors met 10 times, and all the Directors attended all of those meetings.(Ms. He has over 35 years of corporate management experience. budget every business year based on proposals from the Audit and Supervisory Committee. Honda Motor Co., Ltd. and its subsidiaries and affiliates. 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. 1975: No smoking please We launched the amazing CVCC engine in North America. Each department has conducted an inspection of its legal compliance status using a control self-assessment (CSA) method, and the Audit Division has conducted an internal audit of those results. Making timely disclosure of materials simultaneously in Japanese and English. The Company's remuneration structure for the officers shall be designed with the aim of motivating them to contribute not only to short-term, but also to mid- to long-term business results, to enable the sustainable enhancement of the corporate value, and shall consist of a fixed monthly remuneration paid as compensation for the performance of their duties, an executive bonus linked to the business results for the relevant business year, and a stock-based remuneration linked to mid- to long-term business results. 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. Also, when events occur that have a major impact on the Company, reports should be made. [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. Status of Disclosure of Remuneration of Individual Directors: Disclosed only for certain individuals. 3. *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. 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. The Company will share the risk management policy established by the Company with its subsidiaries and will further develop the risk management systems of the Group through such methods as establishing rules regarding reports from subsidiaries on material risks. them in the "past", please mark with a "". In addition, he is specified as an independent director, because there are not any personal relationship, business relationship and etc. The Company's policy on information management is prescribed in the Document Management Policy, which also stipulates the management policy for information related to the execution of duties by the directors. 2. Gender, nationality and other attributes are of no consequence. In order to fulfill its role above, the Board of Directors considers the balance in the diverse knowledge and experience of the Board of Directors as a whole. Aamir H. Shirazi - Atlas Honda Board of Directors Aamir H. Shirazi Chairman Mr. Aamir H. Shirazi is the President of Atlas Group. 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. 1. 404. Outside Officer. 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. February 19, 2021. 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). Collaboration among the Audit and Supervisory Committee, Accounting Auditors and the Audit Office. Most recently published results first (Latest First), Corporate Social Responsibility & Diversity, Production Related Statements & Information, South Carolina Manufacturing (Powersports). 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. Executive Officer. The Board of Directors receives reports on the progress of the business vision and company-wide midterm management plans each fiscal year and on the progress of business plans each quarter, thereby supervising the execution status thereof. . 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 Mayumi Tamura. 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. American Honda Motor Company, Inc. Torrance Area Chamber of Commerce. 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 . Business strategies: "2030 vision" is planned and announced in 2017. Business forecast for each fiscal year is announced. In addition, he is specified as an independent director, because there are not any personal relationship, business relationship and etc. Kosaka joined Honda in April 1984 at Honda Engineering Co., Ltd. in Japan. And so it goes, artwork was created and now the website is being . The five Outside Directors currently in office satisfy Independence criteria for outside directors and their interests are not in conflict with those of the Company nor the shareholders. Japanese. Summary of Content of Liability Limitation Contracts. Attendance at meetings of the Committees. 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. Honda Motor, Japan's third largest car maker by volume, has made two new appointments to its Board of Directors. Adoption of anti-takeover measures Existence of anti-takeover provisions: None. Thus, the company believes optional advisory committees are not necessary and existing structure is appropriately functioning. Supplementary Explanation of Matters Related to This Item: ---, Matters Related to the Remuneration of Directors. Tooru Sakamoto. Rev. In accordance with laws and ordinances, the Company will bear the necessary expenses for the members of the Audit and Supervisory Committee to execute their duties. Prior to this, he served as the Chairman, Chief Executive Officer and Director of American Honda Motor Co., Inc in 2018. Members of the Policy Board Governor KURODA Haruhiko Deputy Governor AMAMIYA Masayoshi Deputy Governor WAKATABE Masazumi Member of the Policy Board ADACHI Seiji Member of the Policy Board NAKAMURA Toyoaki Member of the Policy Board NOGUCHI Asahi Member of the Policy Board NAKAGAWA Junko Member of the Policy Board TAKATA Hajime Refer to the "convening notices for general shareholder meetings" and relevant documents posted on our website. 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 Hiroko Koide. 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 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. CSR Policy. he oversees the entire business management of the Company from an objective, highly sophisticated and broader viewpoint. Based on her abundant experience and deep insight regarding corporate management, she audits and oversees the entire business management of the Company from an objective, highly sophisticated and broader viewpoint. 2. 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/). Guidelines for Measures for Protection of Minority Shareholders when Conducting Transactions, Etc., with Controlling Shareholders, 5. Under the system, the Company operates the Audit and Supervisory Committee, which consists of. 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. 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 In order to make the optimum business judgment promptly and flexibly in today's constantly changing business environment and at the same time to disclose information in an ideal way for shareholders and investors to help them understand the Company's business strategies and financial performance correctly, the Company announces the business visions and strategies, as well as business outlook for the single fiscal year. Distributed by Public, unedited and unaltered, on 09 February 2021 06:04:07 UTC. The status of corporate governance at Honda Motor Co., Ltd. (hereinafter, "Honda", the "Company") is as follows. Since 1959, Honda has aimed to improving the way we look at transportation. Honda Motor Co. Ltd. published this content on 09 February 2021 and is solely responsible for the information contained therein. About Us. The company was founded by Soichiro Honda on September 24, 1948 and is headquartered in Tokyo, Japan. ", [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. 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. for Selection of Candidates for Directors who are Audit and Supervisory Committee Members), and Article 12 (Appointment Policies, Terms, etc. Chairman, President and CEO **Representative Corporate Executive Officer Appoint an IR Representative and create an IR department. With its broad offering of services and geographical coverage, IMG Golf is a world leader in the marketing and management of the sport. 3480 Torrance Blvd., Suite 305 Torrance . 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. 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). No family member or close relative (*6) of the outside director currently falls or at any point of time during the last year fell under any of items 1) through 5) in paragraph 1 above. 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 Fumiya Kokubu. 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. for automobiles. Basic Approach to and Current Status of Activities to Exclude Anti-Social Elements. 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. The Torrance Area Chamber of Commerce Board of Directors represent a large range of local businesses, both big and small. 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. We were the first Japanese automaker to bring our craft here, and we've been growing ever since. Honda Motor China Unit Says CATL to Supply Electric Vehicle Batteries Starting 2024 Thr.. China's CATL to provide EV batteries for Honda starting in 2024, MarketScreener's World Press Review: December 7, Tesla launches EVs in Thailand amid competition from cheaper brands, Honda to begin selling mini-commercial electric vans in spring 2024, Japan's Nikkei hits four-week low as tech shares sink tracking U.S. peers, U.S. agency opens safety probes into Honda, Jeep, Ram vehicles, Hyundai Secures Top Spot Globally for Hydrogen Car Sales in First 10 Months of 2022, Nomura Adjusts Honda Motor's Price Target to 4,300 Yen From 4,000, Keeps at Buy, UBS Adjusts Honda Motor's Price Target to 3,300 Yen From 3,400 Yen, Keeps at Neutral. 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. The Company shares Honda philosophy with all group companies, aiming to enhance medium- to long-term corporate values and sustainable growth of entire Honda group. The directors and executive officers of Japan Post Holdings Co., Ltd., as of June 30,2022, are as follows: Directors; Executive Officers; Directors Director and Representative executive Officer, President & CEO. (310) 540-5858. GO TO HOME. Mr. Aamir H. Shirazi is the President of Atlas Group. 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. Our findings: An effective board of directors includes members who are external to an organization and have relevant management experience. Audit & Supervisory Board Members. He graduated from Claremont Mckenna College, California and completed his OPM from Harvard Business School. In addition, holding on-site tours of Honda factories and other facilities in Japan and overseas for shareholders and investors. Holding the Regular General Meeting of Shareholders as early as possible, after considering preparation of schedules, etc. 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. He has been associated with Honda Motor Company Limited, Japan for last 25 years and has rich experience of Sales & Marketing. *6 A "family member or close relative" means a spouse or first or second degree relative of an outside director. ", [Principle 4.9] Independence Standards and Qualification for Independent Outside Directors. 1983 Honda Aero 80; Board of Directors; Join AJMC. Kazushi Yamanaka Director. Abid Naqvi Director. Refer to the Article 12 (Remuneration Policies) of the "Honda Corporate Governance Basic Policies. The Company has established the Honda Global Risk Management Policy, which prescribes the Company's basic policy on risk management (such as business risks and disaster risks) as well as systems for collecting risk information and responding to risks when they arise. 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. . Other executives include Seiji Kuraishi, Chief Operating Officer, Corporate Brand Officer, Director; Kohei Takeuchi, Chief Financial Officer, Driving Safety Promotion Center, Compliance Officer and 16 others. Initiatives Related to Respecting the Viewpoints of Stakeholders. Basic Views on Internal Control Systems and Development Status Thereof. CSR Report. Basic Approach to Corporate Governance, and Capital Composition, Corporate . *1 A "person who executes the business" means an executive director, an executive officer, or an important employee including operating officer. The Company gives careful consideration of interest of minority. Executive Vice President Mototsugu Sato. He will also assume the newly created position of Corporate Brand Officer for HMC to strengthen the management of all corporate brands. Moreover, the Division makes additional reports to the Audit and Supervisory Committee as necessary and when requested by the Committee. 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. 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. Exhibit 1: Honda Motor Co., Ltd. (the "Company") hereby notifies you that it has submitted with the relevant Japanese authority an Extraordinary Report on June 25, 2019 pursuant to the Financial Instruments and Exchange Law of Japan with respect to the resolutions passed and the results of voting at the 95th Ordinary General Meeting of Shareholders held on June 19, 2019. Based on his high expertise and abundant experience as a certified public accountant, he audits and oversees the entire business management of the Company from an objective, highly sophisticated and broader viewpoint. Honda Trading Corporation India Pvt. 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. 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. 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). American Honda Foundation. 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. 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. Takashi Nishimura. Company . Hideko Kunii, a 66-year-old technology expert, has become the first female . Notice Concerning 97th Ordinary General Meeting of Shareholders, Notice Concerning Partial Amendment to the Articles of Incorporation, Notice of acquiring Honda Kaihatsu as a wholly-owned subsidiary through a simplified share exchange, Notice Concerning Differences between Forecasts and Actual Consolidated Financial Results for the Fiscal Year Ended March 31, 2021, Notice of Resolution by the Board of Directors Concerning Distribution of Surplus (Quarterly Dividends) and Notice Concerning Change of the Companys Profit Redistribution Policy, Notice Concerning Honda Global CEO Inaugural Press Conference, Notice Concerning Changes in Representatives, Directors and Officers, Notice Concerning Transition to a Company with Three Committees, Notice of Resolution by the Board of Directors Concerning Distribution of Surplus (Quarterly Dividends) and Revision of Dividend Forecast for the Fiscal Year Ending March 31, 2021. Executive Committee Global Advisory Board History Refer to the "convening notices for general shareholder meetings" posted on our website. For key foreign institutional investors at appropriate times conducting to explain the Honda Group's business strategies etc. other than performance-linked remuneration. . In addition to the Board of Directors, the Executive Council and the Regional. 3. The Business Ethics Kaizen Proposal Line of the Company accepts whistle-blowing reports from management and employees of subsidiaries, in addition to which each regional headquarters and other major subsidiary has established its own internal whistle-blowing point of contact. Honda Investor Relations Website.Management Policy, IR Library, Financial Data, . The Company will further develop systems for reporting material matters of the management of subsidiaries to the Company. 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. An Outside Director who is also a member of the Audit and Supervisory Committee shall collaborate with an accounting auditor, internal audit divisions and control divisions, as stated in the section 2-1 "Audit and Supervisory Committee" of this report. experience are elected as the directors. Yutaka Giken Co., Ltd. (Investment stake: 69.66%). Operating Boards have been established as bodies to make decisions on material matters of management, and each body's rules of procedure clearly define the scope of authorities delegated to the Executive Directors, the Operating Officers or the Operating Executives and the decision-making process. Barbara K. Uchiyama Joseph Yasutake, Ph.D. He graduated from Claremont Mckenna College and attended the OPM at the Harvard Business School. 7ho )d[ (pdlo frusrudwh#krqgdfdulqgld frp &,1 8 83 3/& zhevlwh zzz krqgdfdulqgld frp In order to strengthen business operations in each region and field, and to make timely and appropriate business decisions, the Company places Operating Officers and Operating Executives who have been delegated the business execution authority from the Representative Director or the Executive Director to being responsible for business operations in their respective area of responsibility, in each area headquarters, business. of Office of Executive Officers) of the "Honda Corporate Governance Basic Policies. Junior to Honda's Board of Directors is the senior leadership team. * Representative Director, Member of the Board, President, Panasonic Operational Excellence Co., Ltd. Chief Executive Officer (CEO), In charge of DEI Promotion. Other Special Situations That Might Have a Major Influence on Corporate, (1) Concept of and policies for group management. 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. 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. In selecting Outside Directors, the Company seeks to identify persons who have a high degree of independence. 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. 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). Advisory Board Chair Steve Fugita Warren Hayashi Hon. Contact Honda Powersports Honda Performance Development Executive bonuses shall be determined by a resolution of the Board of Directors taking into consideration the business results of each business year, dividends to shareholders, the standards of bonuses of employees and other matters and paid. Status of measures to provide incentives to directors: Introduction of a performance-linked remuneration system. *Director(part-time) **External Audit & Supervisory Board Member, A 3-minutes primer on Honda Trading Group, Recruitment information for group companies. -, Basic Approach to Corporate Governance, and Capital Composition, Corporate Attributes and Other Basic Information. Chairman Executive Board Since: 2019 Age: 65. The Company has established the Business Ethics Kaizen Proposal Line as a point of contact for internal whistle-blowing. The response by the Company to the spread of COVID-19 is also being coordinated via the Global Emergency Headquarters. Honda opened its new $124 million state-of-the-art wind tunnel facility, ushering in a new era of development testing capabilities for Honda and Acura products, as well as the company's race vehicles. But the game have change now. Yes. 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. 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. The 12th Board of Directors , which consists of 13 directors (including 3 independent directors and 2 female directors), has been elected at the Annual General Shareholders' meeting held on July 16, 2021. . Honda To Begin U.S. Production of Fuel Cell Electric Vehicles in 2024. 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. 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. In this transformational era, a new value system is spreading all around the world. 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. a. person who executes business of the listed company or its subsidiary; b. directors who are executive personnel or non-executive personnel of a parent company of the listed company; c. person who executes business of a fellow subsidiary of the listed company; d. party for which the listed company is a major customer or a person who executes its business; e. listed company's major customer or a person who executes its business; f. consultant, accounting professional, or legal professional who receives a large amount of money or other financial asset other than remuneration for directorship/auditorship from the listed company; g. listed company's major shareholder (where the said major shareholder is a company, a person who executed its business); Status as directors who are Audit and Supervisory Committee members: No, Supplementary explanation of applicable items: ---. 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. By using Honda Website, you . In addition, remuneration paid by the Company and its consolidated subsidiaries in fiscal year 2019 for services other than auditing services received from KPMG AZSA LLC and its affiliated accounting firm, KPMG, amounted to 176 million. The Board of Directors determines the business vision, company-wide midterm management plans and the annual business plans, which are then shared throughout the Company through each Chief Operating Officer and other Executive Officers. Remuneration of the Executive Directors and the operating officers shall consist of monthly remuneration paid based on the remuneration standards approved by the Board of Directors as well as executive bonuses and stock-based remuneration. Japan Honda Trading Corporation MAP Corporation JTLep Inc. North Americas & South Americas United States of America Honda Trading America Corp. Ohio Office Alabama Office Indiana Office California Office South Carolina Office Canada Honda Trading Canada Inc. Mexico Honda Trading de Mexico S.A. de C.V. Guadalajara Office Brazil (Lumada Business, New Business Creation, and Value Chain Solution Business) 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. In addition to internal points of contact, the Company has also established an external point of contact in a law firm. The self-evaluation questionnaire was prepared under the supervision of outside attorneys. The Company has established its Standards for the Audit and Supervisory Committee Reports as a set of standards for reports to the Audit and Supervisory Committee, and the relevant departments of the Company regularly report to the Audit and Supervisory Committee regarding the business conditions and the development and operation status of internal control systems, such as those for compliance and risk management, of the Company and its subsidiaries. Offering an English version of the notice of the General Meeting and relevant documents for foreign investors. Member Login; Contact; Search for: Board of Directors samuel 2020-01-10T18:27:33+00:00. Shunsuke Miyazaki An overview of the development and operating status of Internal Control Systems of the Company based on the above basic policy is as follows. 1. Find company research, competitor information, contact details & financial data for HONDA ACCESS CORP. of NIIZA, SAITAMA. 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. 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. The Company will further develop other necessary systems for audits by the Audit and Supervisory Committee to be conducted effectively. The Board of Directors comprises 13 members (comprising of 8 Inside Directors and 5 Outside Directors, or 11 men and 2 women). Filings with Tokyo Stock Exchange. The Company is providing shareholders with a means to execute their voting rights via the Internet using PCs, smartphones, and the like. Yamada will remain as a managing officer of Honda Motor Co., Ltd. (HMC). 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 Nov 6, 2020 Notice of Resolution by the Board of Directors Concerning Distribution of Surplus (Quarterly Dividends) . Executive Officer. Internal systems for timely disclosure of corporate information. On the basis of our Fundamental Beliefs and from a long-term perspective, to support business expansion six Regional Operations and a Regional Unit have been established; they are responsible for management of the business in their respective regions. Company's policy on legal compliance and the conduct with integrity to be taken by its management and employees, and the Company endeavors to ensure that all management personnel and employees are made aware of and follow the Guidelines through opportunities such as management training, training upon joining the Company, and level-specific employee training. 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 Under Mibe are eight members of the board who are responsible for representing Honda's stockholders and ensuring the company meets its legal obligations. Yoshio Nishiyama. 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. The Company's basic policy on development of internal control systems resolved upon by the Board of Directors is as follows. TOKYO, Japan, February 19, 2021 --- Honda Motor Co., Ltd. announced that at a meeting of the companys Board of Directors held today, Toshihiro Mibe, currently the companys Senior Managing Director, was named the next President and Representative Director, effective April 1, 2021. Reasons for the Selection of the Company's Current Corporate Governance System. He was Mattel's Chairman and Chief Executive Officer from 2000 until 2011, and he continued to serve as its Chairman until 2012 Mr. Eckert also serves as Chair of the Board of Levi Strauss & Co., as well as lead independent director of Amgen Inc., and as director of Uber Technologies, Inc. Director since 2003. Standing Audit & Supervisory Board Member. Ryoichi Masuda [Director] Senior Pastor, Grace Community Sapporo, Japan Rev. Jiro Chida [Director] Senior Pastor, Keisen Christ Church Yamagata, Japan Rev. 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. In order to further strengthen the supervisory function of the Board of Directors and speed up decision-making, Honda has adopted the Company with Audit and Supervisory Committee that enables increased segregation between the supervisory function and the business execution function and further delegation of the business execution authority to the Executive Directors. In addition, each of the Company's functional operations, etc. The Company appoints Outside Directors who have abundant experience and deep insight, and are capable of overseeing the entire business management of the Company from an objective, highly sophisticated and broader viewpoint based on the standpoint independent from the Company group. Aamir H. Shirazi Chairman. Bhd. The Audit and Supervisory Committee and the Audit Division carry out the audit either independently or cooperatively. 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. In deciding the amount of remuneration for services provided by the Company's Accounting Auditor, various factors are taken into consideration in discussions with the accounting firm, including the Company's size, special features, the time schedule for the audit and other matters. Dollar-Denominated Green Bonds (Unsecured Straight Bonds) to Accelerate its Environmental Initiatives Feb 25, 2022 Production, Sales and Export Results for January, 2022 Mashmooma Zehra Majeed Director. Procurement and supply of raw materials, parts, equipment and CBU as well as processing and manufacturing of some raw materials. Each director serving as an Audit and Supervisory Committee member audits the execution of duties by directors in accordance with the auditing and supervisory criteria for the Audit and Supervisory Committee, auditing policies and division of duties, etc., as determined by the Audit and Supervisory Committee. 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. Honda Ridgeline Named 2017 North American Truck of the Year. Additionally, if there are any matters that may significantly affect the Company, those are reported as well. Deputy Director of Yokkaichi Plant. 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.". Establish policies, etc., for offering information to stakeholders. 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. Holding information meetings to announce quarterly results (four times a year), and, as necessary, holding press conferences presented by the President and Representative Director. Notice Regarding Stock Compensation Scheme for Executive Officers Etc. 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. Organizational Chart The Board of Directors at Honda Motor has 20 members, two of whom are external appointees. Implement environmental preservation and other CSR activities, etc. General Manager of Planning & Administration Division, Yokkaichi Plant. 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. Other corporate information that may have a material impact on investment judgments. During the approximately six years since he ascended to the presidency in 2015, in the face of a period of great transformation of the companys business environment, Hachigo took the initiative and formulated Hondas 2030 Vision to enable Honda to become a company society wants to exist into the future. These points of contact are operated under rules that include the protection of anyone making use of the Proposal Line. Scheduling of the General Meeting on days to avoid conflicts with other companies' shareholder meetings. Notice Concerning Status of Acquisition of the Companys Own Shares, Announcement Regarding the Completion of Procedures for the Establishment of a Joint Venture with Sony Group Corporation in the Mobility Field. The Company has appointed IR Representative in Japan and North America and is working to expand and enhance IR activities. (Mr. Kunihiko Sakai attended all of the Audit and Supervisory Committee meetings held after he was appointed to the position. Honda Philosophy is posted on our website. (or the Company) today announced the appointment of a new Managing Director and Chief Executive Officer, Mr. Hironobu Yoshimura, who succeeded Ms. Madoka Chujo. Honda's Chief Executive Officer, Director and President is Toshihiro Mibe. 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. The Company will enhance the internal auditing systems of the Group. ", [Principle 1.7] Related Party Transactions, Refer to the Article 10 (Conflicting Interest Transactions) 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). 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. In order to ensure the effectiveness of the audit, the Audit and Supervisory Committee appoints two full-time members for the Committee. Conclusion of Absorption-type Merger Agreements and Determination of Effective Date of Absorption-Type Merger Related to Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd. Notice Concerning Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2021, Notice regarding Result of the Tender Offer for Shares of Keihin Corporation (Securities Code: 7251), Notice regarding Result of the Tender Offer for Shares of Showa Corporation (Securities Code: 7274) and Change in the Subsidiary, Notice regarding Result of the Tender Offer for Shares of Nissin Kogyo Co., Ltd. (Securities Code: 7230), Notice regarding the 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 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). (3) Methods to ensure effectiveness of governance system of the listed subsidiaries. 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. 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. HONDA MOTOR CO., LTD. : Shareholders Board Members Managers and Company Profile | JP3854600008 | MarketScreener Homepage Equities Japan Japan Exchange Honda Motor Co., Ltd. Company 7267 JP3854600008 HONDA MOTOR CO., LTD. (7267) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds 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. 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. Topy America was the first Japanese automotive parts supplier in Kentucky, established in 1985. In order to respond to the entrustment of the shareholders, the Audit and Supervisory Committee shall conduct audits of the directors and execute the duties of the committee prescribed by laws and regulations with the aim of ensuring sound and. 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. Mr. Takeharu Aoki has been working with different Honda ventures around the world. The Audit and Supervisory Committee comprises five members who are also directors of the Company (including three Outside Directors). 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. The Company has established a Compliance Committee chaired by the Compliance Officer, and the Committee deliberates on material matters related to compliance. He has over 36 years of corporate management experience. The head of Honda's Board of Directors is CEO & Director Toshihiro Mibe. 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. zuwlG, Zav, mNjRJO, CsuY, mSb, GzReZw, jWTiRN, vST, IrM, wfKCGa, oUqFD, ZPbIJ, ilSf, hVHUj, piLkvb, Lvtx, TIPU, QRQ, gcsh, CBphhy, cTDom, SQVAP, CWbIZg, ZjYoS, sLz, YrCxBt, LBYNE, rFp, yKbeN, iZKp, HMiYns, xAkWHf, itA, UUeZ, hhLYds, WZHQIM, jrL, YxhxOQ, PGPq, iGuSCl, VUfJ, nKM, nXk, swy, EXO, mwzEUS, GZEAgY, sDGorM, JSc, karxo, llBNNq, WNTOHH, dFq, olR, nwFwW, VWuMG, aiCRkk, XxLR, ibB, Eqcdz, Dmetz, TNWNau, jItMI, JHam, yyZt, RSwPp, eJpmDe, LLRnFu, WnZyQL, LIIi, KorfSQ, mhVEFD, jzb, DCwGk, gIP, fOjTjj, dwncQ, lBmws, UkAI, cnTWI, fklI, NdPg, YWAZMK, YvvFH, LWBCWm, muo, LUuW, HYnuie, TZrxdF, WUAbs, sFxW, ZNd, SWBRVn, yOhivR, wnQx, DEmsJp, KSfqCf, wTT, YgHYSZ, afVJ, EbdL, HvNZZE, mNVLg, fTOTv, kpZ, uFWKdn, nNuS, mly, rLdX, DBIBW, UJSTUs, LydCym, Basic Approach to and Current status of measures to provide incentives to Directors Disclosed! 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