In making a determination to submit the shareholders' meeting proposal regarding the election, etc. Additionally, if there are any matters that may significantly affect the Company, those are reported as well. The Board of Directors shared the view that "effectiveness of the Board is ensured appropriately", by the constitution of the Board of Directors and enhancing provision of useful information to Outside Directors. 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. 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. In addition to internal points of contact, the Company has also established an external point of contact in a law firm. The Company regards the following as material information that should be disclosed and works to make such information available promptly, appropriately and fairly to shareholders, investors and other stakeholders. Honda Philosophy is posted on our website. (3) Rules and other systems related to risk management. 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. Honda Investor Relations Website.Management Policy, IR Library, Financial Data, . 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. Shunsuke Miyazaki Attendance at meetings of the Board of Directors(Met 12 times in fiscal year 2022) 12 of 12. November 30, 2022. Mashmooma Zehra Majeed Director. announcing the results of the voting during the General Meeting. 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. 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. 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. . for Selection of Candidates for Directors [excluding Directors who are Audit and Supervisory Committee Members]), Article 8 (Policy, etc. Get the latest business insights from Dun & Bradstreet. . Also, following the directives of Japan's Cabinet Office, concerning disclosing corporate information etc. The head of Honda's Board of Directors is CEO & Director Toshihiro Mibe. Supplementary Explanation of Matters Related to This Item. Corporate Executive Officer (Risk Management Division, International) Masumi Minegishi. 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. Supplementary Explanation of Matters Related to This Item: ---, Matters Related to the Remuneration of Directors. The Company will further develop systems for the management and employees of the Company and its subsidiaries to report to the Audit and Supervisory Committee. *6 A "family member or close relative" means a spouse or first or second degree relative of an outside director. 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 . Disclosure based on each Corporate Governance Code. We conducted a bottom-up analysis of 500 Japanese public corporations comparing board membership composition with companies' total shareholder return (TSR). * An Outside Director who satisfies the requirements under Item 15, Article 2 of the Companies Act of Japan. Deputy Director of Yokkaichi Plant. ", (5) Explanations with respect to the individual nominations of candidates for directors. Honda Ridgeline Named 2017 North American Truck of the Year. them in the "past", please mark with a "". American Honda Motor Company, Inc. Torrance Area Chamber of Commerce. Decisions on whether the information is material and should be disclosed and the manner in which it should be disclosed are made, in accord with the basic policy. *Director(part-time) **External Audit & Supervisory Board Member, A 3-minutes primer on Honda Trading Group, Recruitment information for group companies. 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. In addition, the Company's Audit and Supervisory Committee has recognized Messrs. Masafumi Suzuki and Hideo Takaura as "specialists in finance in the Audit and Supervisory Committee" as specified in the regulations of the U.S. Securities and Exchange Commission, based on Article 407 of U.S. Public Company Accounting Reform and Investor Protection Act of 2002 (Sarbanes-Oxley Act of 2002). Topy has a steel wheel manufacturing facility on 85 acres in Frankfort's Industrial Park and supplies parts to most of the Japanese transplants, Detroit 3 and the Korean . Summary of director's, officer's and shareholder's authority and limitations thereof Public disclosure of identity of directors, officers and shareholders Minimum and maximum number of directors and shareholders Minimum number of shareholders required Removal of directors or officers Required and optional officers Board meeting requirements No one who has made a report to the Audit and Supervisory Committee is treated disadvantageously for having done so. Making timely disclosure of materials simultaneously in Japanese and English. The status of corporate governance at Honda Motor Co., Ltd. (hereinafter, "Honda", the "Company") is as follows. Yutaka Giken Co., Ltd. (Investment stake: 69.66%). If the Board of Directors seeks to submit to the shareholders' meeting a proposal regarding the election of a director (excluding directors who are Audit and Supervisory Committee members) and to determine or change the remuneration structure or the remuneration standards for the officers, it shall discuss the matter after hearing the opinions formed in advance by the Audit and Supervisory Committee so that independence, objectiveness, and accountability of the Board are enhanced. Introducing the Honda brand: These are Honda's thoughts on people, business, and activities since its founding to the present and into the future. 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. 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). 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. 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. Fund through the activities such as deliberations of asset management committee held quarterly. In order to ensure the effectiveness of the audit, the Audit and Supervisory Committee appoints two full-time members for the Committee. 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. Deputy Director of Inorganic Chemicals Sales & Marketing. 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/). Matters concerning Internal Control Systems, 1. The Company will further develop systems for relevant boards and councils to make decisions regarding material matters of management after assessing and considering associated risks. In selecting Outside Directors, the Company seeks to identify persons who have a high degree of independence. 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. 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. The Company's Board of Directors will determine that an outside director is sufficiently independent from the Company if it determines that the said outside director satisfies the independence criteria stipulated by the Tokyo Stock Exchange and the requirements set forth below: 1. 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. 404. As same as the previous fiscal year, a self-evaluation was conducted by the Company for 2019. 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 (Current Corporate Governance System). 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.". Moreover, the Division makes additional reports to the Audit and Supervisory Committee as necessary and when requested by the Committee. 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. BOARD OF DIRECTORS (As of June 29, 2022) . 1975: No smoking please We launched the amazing CVCC engine in North America. Attendance at meetings of the Committees. Board of Directors Chip Hayashi Aaron Ushiro Advisory Board Bill Schroh, Jr. Issuing a periodic publication for shareholders (Kabunushi Tsushin) that contains information on Honda's business, products, financial performance and other topics. All rights reserved. About Us. 1. discuss the matter after hearing the opinions formed in advance by the Audit and Supervisory Committee to enhance independence, objectivity and accountability of the Board. 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. Senior Director, Community Relations & Foundation, Dignity Health Sports Park . (3) Methods to ensure effectiveness of governance system of the listed subsidiaries. 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 Powersports You Honda Dealer will be happy to assist you with your needs. Outside Officer. Mr. Aoki is President & Chief Executive Officer (CEO) of Honda Atlas Cars (Pakistan) Limited. Basic Approach to and Current Status of Activities to Exclude Anti-Social Elements. An organizational unit has been formed to respond to these elements, and the Company works closely with the police and other outside organizations. The Risk Management Officer monitors and supervises the status of responses to material risks, and as necessary, the Global Emergency Headquarters is established. Gender, nationality and other attributes are of no consequence. Organizational Chart The Board of Directors at Honda Motor has 20 members, two of whom are external appointees. 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. He has been associated with Honda Motor Company Limited, Japan for last 25 years and has rich experience of Sales & Marketing. In fiscal year 2019, the Board of Directors met 10 times, and all the Directors attended all of those meetings.(Ms. Byron Ishiwata, Financial Advisor Tom Izu Jane May Joyce Yuri Oyama Carolyn Sakauye, M.D. 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. Honda believes that each of their business contributes to competitive advantage of Honda products and to increase the value the Company offers to customers. Honda's line of motorcycles includes everything from scooters to superbikes. Executive Officer. The Company will establish a code of conduct to be observed by its management and employees, such as conformity with applicable laws, ordinances, and internal rules and regulations, and it will endeavor to ensure that all management personnel and employees are made aware of and observe this code. 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. Overview of Corporate Governance Structure. Takashi Nishimura. 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. 3. Method of Determining Accounting Auditor Remuneration. For disclosure of corporate information through earnings and financial reports, a Disclosure Committee has been formed comprising the Operating Executives in charge and other personnel, which is in charge of deliberating the disclosure content, in order to assist President and Representative Director and the Director in charge to confirm the accuracy and appropriateness of disclosure content. Distributed by Public, unedited and unaltered, on 09 February 2021 06:04:07 UTC. Mibe will succeed Takahiro Hachigo, the current President and Representative Director, who will become a Director, effective April 1, 2021. Hidetoshi Miura. General Manager of Planning & Administration Division, Yokkaichi Plant. He graduated from Claremont Mckenna College and attended the OPM at the Harvard Business School. 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. Contact and telephone number: Legal Division. for Selection of Candidates for Directors who are Audit and Supervisory Committee Members), and Article 12 (Appointment Policies, Terms, 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. Status of Investor Relations (IR) Activities, Hold periodic information meetings for analysts and institutional investors. ", [Principle 2.6] Effort for company pension fund to function as an asset owner. To provide timely and accurate reports to the Audit and Supervisory Committee, Standards for Audit and Supervisory Committee Reports has been established. Mr. Aamir H. Shirazi is the President of Atlas Group. 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. Further, to give greater autonomy to the regional level and make rapid management decisions, the Company has formed regional operating boards within each region. 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. The Company will further develop other necessary systems for audits by the Audit and Supervisory Committee to be conducted effectively. 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. The company was founded by Soichiro Honda on September 24, 1948 and is headquartered in Tokyo, Japan. (310) 540-5858. It supervises the execution of Honda's business affairs and makes decisions on matters of importance to the company, which include legal issues. Yutaka's major areas of business are R&D, production, and sales of drive train parts, exhaust system parts, etc. Honda Trading Asia Co., Ltd. Company Profile View Lager Map Date of Establishment March 18, 1991 Head office location 11/1 8th Floor, AIA Sathorn Tower, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120, Thailand Tel +66 2029-0080 FAX +66 2029-0081-3 Capital 112 Million Thai Baht Shareholder Honda Automobiles (Thailand) Co., Ltd. Notice regarding the Scheduled 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 95th Ordinary General Meeting of Shareholders, 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, 2019, Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle, Partial Corrections to Notice of Convocation of the 94th Ordinary General Meeting of Shareholders, Notice Regarding Change in Specified Subsidiary, Notice Concerning 94th Ordinary General Meeting of Shareholders. Status of Disclosure of Remuneration of Individual Directors: Disclosed only for certain individuals. Honda Motor Co. Ltd. published this content on 09 February 2021 and is solely responsible for the information contained therein. The Company has established systems for the management of corporate information under which, under the supervision of the officer in charge of handling information, the General Affairs, Legal, Finance and Accounting divisions collect corporate information which is expected to constitute information that is subject to timely disclosure from the Company's decision-making body, units that have principal responsibility (units with principal responsibility) for businesses relating to the relevant information and subsidiaries and manages such information. 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. 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 Hideo Takaura. The Company's midterm business plans are not announced currently: however, the Executive Council decides on a midterm business plans, checks the progress of such plans, conducts analysis, and revises them as necessary. In addition to the Board of Directors, the Executive Council and the Regional. 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. The response by the Company to the spread of COVID-19 is also being coordinated via the Global Emergency Headquarters. a person who executes the business of an audit corporation which conducts statutory audits for the Company or a person who handles the audit functions of the Company; a consultant, an accounting specialist, or a legal expert (or, if the person in question is a corporation, an association, or any other similar organization, then a person who executes the business of that corporation, etc.) Ryoichi Masuda [Director] Senior Pastor, Grace Community Sapporo, Japan Rev. (Mr. Kunihiko Sakai attended all of the Audit and Supervisory Committee meetings held after he was appointed to the position. 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. directors, to delegate the authority to directors from the Board of Directors and accelerate the separation of the supervisory function and business execution function. *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. Ltd. Rajasthan Prime Steel Processing Center Pvt.Ltd. 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). 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. It also provides supervision and guidance to internal audit departments of the major subsidiaries and when necessary, audits subsidiaries directly to enhance the internal audit system of the Honda group. Jiro Chida [Director] Senior Pastor, Keisen Christ Church Yamagata, Japan Rev. *4 A "major lender" means a financial institution from which the Company group borrows, where the aggregate amount of outstanding borrowings exceeds 2% of the amount of consolidated total assets of the Company or the financial institution as at the end of a fiscal year. Contact and telephone number: Legal Division. Rev. Nov 6, 2020 Notice of Resolution by the Board of Directors Concerning Distribution of Surplus (Quarterly Dividends) . 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. 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. 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. See the full leadership team at Craft. Soichiro would remain an eager observer of his company until his passing in 1991. (Lumada Business, New Business Creation, and Value Chain Solution Business) then we hatched an idea, then we named the idea, All Japanese Motorcycle Club. In order to advance the Company's sustainable growth and enhance its corporate value. Honda develops, manufactures and markets motorcycles, automobiles and power products globally. Honda Malaysia Appoints New Managing Director And Chief Executive Officer, Mr. Hironobu Yoshimura Petaling Jaya, 5 April 2022 - Honda Malaysia Sdn. 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. Adoption of anti-takeover measures Existence of anti-takeover provisions: None. 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. 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. CSR Report. Japanese. 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. The Audit Division which is an internal auditing division of the Company periodically reports the auditing policies, auditing plans and the results of audits to the Audit and Supervisory Committee. Member of the Board of Directors, MUFG (current) Ms. Mariko Fujii, Ms. Keiko Honda, Mr. Kaoru Kato, Ms. Satoko Kuwabara, Mr. Toby S. Myerson, Mr. Hirofumi Nomoto, Mr. Yasushi Shingai, Mr. Koichi Tsuji and Ms. Tarisa Watanagase are outside directors defined in Article 2, Item 15 of the Companies Act. All Japanese Motorcycle Club. Basic Approach to Corporate Governance, and Capital Composition, Corporate . 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. [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. 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. He will also assume the newly created position of Corporate Brand Officer for HMC to strengthen the management of all corporate brands. 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. 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. Naomi Koganei [Director] Senior Pastor, Onoue Seiai Church Hyogo, Japan Rev. Internal systems for timely disclosure of corporate information. Remuneration for the Executive Directors shall consist of performance-linked remuneration and remuneration, etc. Kazushi Yamanaka Director. Topy America was the first Japanese automotive parts supplier in Kentucky, established in 1985. The Company has established the Business Ethics Kaizen Proposal Line as a point of contact for internal whistle-blowing. Facebook; . 1. We search for you. Yukiko Nagashima. Honda's basic policy is to maintain a resolute attitude at all times toward anti-social elements that threaten social order and safety. Thus, the company believes optional advisory committees are not necessary and existing structure is appropriately functioning. 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". Chairman, President and CEO **Representative Corporate Executive Officer 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 graduated from Claremont Mckenna College, California and completed his OPM from Harvard Business School. 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. 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. The 2017 Honda Ridgeline, the second generation of Honda's innovative, one-of-a-kind pickup truck with innovations such as the In-Bed Trunk and world's first Truck Bed Audio System was chosen by a panel of expert automotive journalists as the 2017 North America Truck of the Year. Copyright 2022 Surperformance. 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. Director of General Affairs & Human Resources Headquarters. 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. 7ho )d[ (pdlo frusrudwh#krqgdfdulqgld frp &,1 8 83 3/& zhevlwh zzz krqgdfdulqgld frp Within the limits of authority delegated to them by the Executive Council, these regional operating boards deliberate important management matters within their respective regions. IV. 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. 2. Click here for information about group companies other than the above. Procurement and supply of raw materials, parts, equipment and CBU as well as processing and manufacturing of some raw materials. The interviews and the compilation of the results were carried out by outside attorneys as well. 1. 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. -Supplementary Principle 4.1.2 stating that recognizing that a mid-term business plan is a commitment to shareholders, the board should do their best to achieve the plan. Both of them qualify as "persons with considerable knowledge of finance and accounting," as specified under Article 121-9 of the Implementation Regulations of Japan's Company. Regarding stock-based remuneration, 4 Executive Directors were paid a total of 140 million. 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. Chair Merit E. Janow Vice Chair Alan S. MacDonald President & CEO Joshua W. Walker, Ph.D. Secretary Susan J. Onuma ChairMerit E. Janow Vice ChairAlan S. MacDonald President & CEOJoshua W. Walker, Ph.D. SecretarySusan J. Onuma Gerald L. CurtisBurgess Professor of Political ScienceColumbia University Ariel J. Deckelbaum*PartnerPaul, Weiss, Rifkind,Wharton & Garrison LLP Richard A. Drucker . Delayed Japan Exchange 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 [Supplementary Principles 4.14.2] Training policy for directors, Refer to the Article 9 (Approaches for Improving Board Effectiveness - Director Training) of the "Honda Corporate Governance Basic Policies. 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. Executive Vice President Mototsugu Sato. No one making such a report will receive any disadvantageous treatment for doing so. (8 times)). Mr. Toshiaki Mikoshiba has been the Chairman of the company since 2019. In this transformational era, a new value system is spreading all around the world. For key foreign institutional investors at appropriate times conducting to explain the Honda Group's business strategies etc. 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. Keith Inouye Rev. The Company will further develop the internal whistle-blowing systems of the Group in order to discover at an early stage and respond to issues such as violations of laws or ordinances within the Group. Yutaka also engages in R&D, production, and sales of motor parts for electric vehicles. 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 But the game have change now. Based on its longstanding commitment to "build products close to the customer" Honda operates 14 major manufacturing facilities in North America, producing a wide range of Honda and Acura automobiles, automobile engines and transmissions, Honda all-terrain vehicles, and power equipment products such as lawn mowers, mini-tillers and general purpose engines, using domestic and globally sourced . The Company has been audited from an accounting perspective by KPMG AZSA LLC as required under Japan's Company Law, Japan's Financial Instruments and Exchange Law and the Securities and Exchange Law of the United States. Other matters related to corporate governance, etc. Basic Views on Internal Control Systems and Development Status Thereof. The amount of stock-based remuneration is determined within a range of 50% to 150% of the performance-linked coefficient based on the growth rate of each indicator for three fiscal years in accordance with the calculation method resolved by the Board of Directors. The Torrance Area Chamber of Commerce Board of Directors represent a large range of local businesses, both big and small. . 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. 2. *2 A "large shareholder" means a shareholder who directly or indirectly holds shares representing 10% or more of the total number of voting rights of the Company as of the end of a fiscal year. A division of Endeavor, IMG Golf exemplifies the wide range of experience and influence the company has in the sport. 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. Refer to the "convening notices for general shareholder meetings" posted on our website. Mr. Takeharu Aoki has been working with different Honda ventures around the world. 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. 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