Status as directors who are Audit and Supervisory Committee members: Yes. Supplementary Explanation of Matters Related to this Item. Based on the results of a questionnaire and interviews conducted with the Directors, the self-evaluation was deliberated and resolved at the Board of Directors. The Motorcycle Operations and Automobile Operations have functions of sales, production, research & development, purchasing, etc., and Life Creation Operations have functions of sales, production, purchasing, etc. Executive Officer. directors, to delegate the authority to directors from the Board of Directors and accelerate the separation of the supervisory function and business execution function. The Company will further develop systems for reporting material matters of the management of subsidiaries to the Company. The Company has adopted a "company with an Audit and Supervisory Committee" system, and strengthen the supervisory function of the Board of Directors and extend the delegation of authority from the Board of Directors to the Executive Council for further increased speed in decision-making. . 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. In fiscal year 2019, the Compliance Committee has held regular meetings and has deliberated on matters such as the establishment and operating status of internal control systems, the operating status of the Business Ethics Kaizen Proposal Line and the measures to improve compliance. And persons who have superior character and insight, and have high expertise and abundant. The Company has a business relationship with Marubeni Corporation, where Fumiya Kokubu currently holds the position of Chairman of the Board. (or the Company) today announced the appointment of a new Managing Director and Chief Executive Officer, Mr. Hironobu Yoshimura, who succeeded Ms. Madoka Chujo. 2. The total remuneration paid to KPMG AZSA LLC and its affiliated accounting firm, KPMG, in fiscal year 2019 for the preparation of the auditor's report, based on Japan's Company Law, Japan's Financial Instruments and Exchange Law, and the Securities and Exchange Law of the United States, which covered the Company and its. The status of corporate governance at Honda Motor Co., Ltd. (hereinafter, "Honda", the "Company") is as follows. Board of Directors. Remuneration for the Executive Directors shall consist of performance-linked remuneration and remuneration, etc. Telephone: 03-3423-1111 (main number) Securities code number: 7267. https://www.honda.co.jp. (Mr. Kunihiko Sakai attended all of the Audit and Supervisory Committee meetings held after he was appointed to the position. a person who executes the business (*1) of a large shareholder (*2) of the Company; a person who executes the business of (i) a major customer (*3) of the, a person who executes the business of a major lender (*4) of the Company. ", [Principle 1.7] Related Party Transactions, Refer to the Article 10 (Conflicting Interest Transactions) of the "Honda Corporate Governance Basic Policies. Nov 6, 2020 Notice of Resolution by the Board of Directors Concerning Distribution of Surplus (Quarterly Dividends) . Guidelines for Measures for Protection of Minority Shareholders when Conducting Transactions, Etc., with Controlling Shareholders, 5. Mr. Takeharu Aoki has been working with different Honda ventures around the world. 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. November 30, 2022. Senior Managing Officer and Director, Honda R&D Co., Ltd. Executive in Charge of Intellectual Property and Standardization, Honda Motor Co., Ltd. Senior Managing Officer, Honda Motor Co., Ltd. We were the first Japanese automaker to bring our craft here, and we've been growing ever since. For key foreign institutional investors at appropriate times conducting to explain the Honda Group's business strategies etc. Director. Honda develops, manufactures and markets motorcycles, automobiles and power products globally. Ltd. Rajasthan Prime Steel Processing Center Pvt.Ltd. Rev. for Selection of Candidates for Directors who are Audit and Supervisory Committee Members), and Article 12 (Appointment Policies, Terms, etc. for Selection of Candidates for Directors [excluding Directors who are Audit and Supervisory Committee Members]), Article 8 (Policy, etc. 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. Bhd. Jiro Chida [Director] Senior Pastor, Keisen Christ Church Yamagata, Japan Rev. 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. Kazushi Yamanaka Director. Initiatives Related to Respecting the Viewpoints of Stakeholders. Establish policies, etc., for offering information to stakeholders. Based on his abundant experience and deep insight regarding corporate management. Outside Officer. 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. 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 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. And so it goes, artwork was created and now the website is being . 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. Supplementary Explanation of Matters Related to This Item. 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. Board of Directors As of June 29, 2022 Ms.Mariko Fujii, Ms.Keiko Honda, Mr.Kaoru Kato, Ms.Satoko Kuwabara, Mr.Toby S. Myerson, Mr.Hirofumi Nomoto, Mr.Yasushi Shingai, Mr.Koichi Tsuji and Ms.Tarisa Watanagase are outside directors defined in Article 2, Item 15 of the Companies Act. Contents . In addition, he is specified as an independent director, because there are not any personal relationship, business relationship and etc. Company Description: Since its establishment, Honda has remained on the leading edge by creating new value and providing products of the highest quality at a reasonable price for worldwide customer satisfaction. The Company will enhance the internal auditing systems of the Group. Matters Related to Governance Functions, Including Execution of Management, Auditing and Internal Supervision, Nominations and Decisions on Remuneration Etc. Japanese. [Supplementary Principles 4.1.1] Matters to be decided by the Board of Directors and the scope of the matters delegated to the management, Refer to the Article 2 (Roles and Responsibilities of the Board of Directors) of the "Honda Corporate Governance Basic Policies. Ryoichi Masuda [Director] Senior Pastor, Grace Community Sapporo, Japan Rev. Tooru Sakamoto. Pension fund management for the Company is conducted by the Honda Corporate Pension Fund (hereinafter, the "Fund"). Honda Investor Relations Website.Management Policy, IR Library, Financial Data, . The interviews and the compilation of the results were carried out by outside attorneys as well. 3480 Torrance Blvd., Suite 305 Torrance . Regarding the amount of performance-linked remuneration, the amount of executive bonuses is resolved by the Board of Directors based on the actual correlation between each indicator and the payment amount in the past fiscal years and the business conditions of the fiscal year. The Company will further develop systems for relevant boards and councils to make decisions regarding material matters of management after assessing and considering associated risks. Board of Directors of Atlas Honda, Saquib Shirazi, Saqib shirazi, Saquib H shirazi is the Chief executive officer, Jawaid Iqbal, Abid Naqvi, Yusuf Shirazi. General Manager of Planning & Administration Division, Yokkaichi Plant. 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. 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. 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. 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. 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. Basic Approach to Corporate Governance, and Capital Composition, Corporate . Delayed Japan Exchange The Company has established a Compliance Committee chaired by the Compliance Officer, and the Committee deliberates on material matters related to compliance. Adoption of anti-takeover measures Existence of anti-takeover provisions: None. [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. 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. Matters Related to Governance Units and Their Operation, Etc. *Director(part-time) **External Audit & Supervisory Board Member, A 3-minutes primer on Honda Trading Group, Recruitment information for group companies. Rev. Keith Inouye Rev. 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. American Honda Foundation. Also, regarding executive bonuses, 4 Executive Directors were paid a total of 101 million. Sanaullah Qureshi Director. By using Honda Website, you . 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.". (3) Methods to ensure effectiveness of governance system of the listed subsidiaries. Regarding stock-based remuneration, 4 Executive Directors were paid a total of 140 million. Status of Investor Relations (IR) Activities, Hold periodic information meetings for analysts and institutional investors. In 2019, Mibe became the President and Representative Director of Honda R&D Co., Ltd., and since 2020, Mibe has been concurrently serving as Senior Managing Director of Honda Motor Co., Ltd. Senior Director, Community Relations & Foundation, Dignity Health Sports Park . 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. 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 . Appoint an IR Representative and create an IR department. 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. * Representative Director, Member of the Board, President, Panasonic Operational Excellence Co., Ltd. Chief Executive Officer (CEO), In charge of DEI Promotion. 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. Dollar-Denominated Green Bonds (Unsecured Straight Bonds) to Accelerate its Environmental Initiatives Feb 25, 2022 Production, Sales and Export Results for January, 2022 Moreover, the Division makes additional reports to the Audit and Supervisory Committee as necessary and when requested by the Committee. The Company will install an officer to coordinate all compliance matters and will further develop its compliance systems. 2. (Lumada Business, New Business Creation, and Value Chain Solution Business) Mr. Toshiaki Mikoshiba has been the Chairman of the company since 2019. 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. Honda's basic policy is to maintain a resolute attitude at all times toward anti-social elements that threaten social order and safety. 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 . In order to advance the Company's sustainable growth and enhance its corporate value. Our findings: An effective board of directors includes members who are external to an organization and have relevant management experience. If you wish to comment on your Motorcycle, Scooter, ATV, Personal Watercraft or Dealer experience, please contact the Motorcycle division. Within the limits of authority delegated to them by the Executive Council, these regional operating boards deliberate important management matters within their respective regions. How We Help . Todd is the Director of Topy America, Inc. located in Frankfort, Kentucky. shareholders, for example, by supporting the governance system of the listed subsidiary that effectively accepts and utilizes independent outside directors and setting the business terms based on the arm's length principles with listed subsidiary, and respects the independence of listed subsidiary. 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 Tetsuo Iwamura Reason for appointment. Honda members of the FCSM LLC board include: Takashi Sekiguchi is the Chief Operating Officer of Automobile Operations as well as a Managing Officer and Director of Honda Motor Co., Ltd. An overview of the development and operating status of Internal Control Systems of the Company based on the above basic policy is as follows. 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. 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. The Company will establish a management policy for information related to the execution of duties by the directors and appropriately store and manage such information. 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). 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. Senior Vice President and Executive Officer. IV. In accordance with this Policy, minutes are prepared for each Board of Directors meeting and Executive Council meeting and stored for a long period of time by the department in charge. Further, to give greater autonomy to the regional level and make rapid management decisions, the Company has formed regional operating boards within each region. 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/). Notice Regarding Introduction of New Stock Compensation Scheme for Directors Etc. (8 times)). 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. To enhance corporate values of the entire Honda group, the Company shares with its subsidiaries the Company's Code of Conduct, the basic policy on development of internal control systems, and the risk management policy. For each fiscal year, the Company's Board of Directors carries out an evaluation of the Board as a whole for the purpose of checking the current state of its operational capabilities, subsequently, to enhance effectiveness. The Audit and Supervisory Committee holds meetings with Accounting Auditors. 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. 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. During this fiscal year, the Audit and Supervisory Committee held 12 meetings with Accounting Auditors. The Company will endeavor to facilitate the delegation of authority from the Representative Director or the Executive Director by placing Operating Officers and Operating Executives and will further develop systems that enable timely and appropriate business decision making by clearly defining the scope of authorities granted to Operating Officers and Operating Executives, and the decision-making. In addition, she is specified as an independent director, because there are not any personal relationship, business relationship and etc. (Current Corporate Governance System). These Operations develop medium- to long-term plans for their respective products and coordinate efforts with regional functions to optimize and enable smooth global business operations. 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. Barbara K. Uchiyama Joseph Yasutake, Ph.D. Standing Audit & Supervisory Board Member. Audit Division, organized to perform internal audits as an independent division directly under the President, has 53 members and audits departments of the Company. The Company believes that each of their business contributes to competitive advantage of Honda products and to increase the value the Company offers to customers. All Rights Reserved. Issuing a periodic publication for shareholders (Kabunushi Tsushin) that contains information on Honda's business, products, financial performance and other topics. The Company will further develop other necessary systems for audits by the Audit and Supervisory Committee to be conducted effectively. Other matters related to corporate governance, etc. Each department regularly conducts risk assessments in accordance with the Policy. 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. 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 Chairman, President and CEO **Representative Corporate Executive Officer 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. Hodgetts believes the way to win retailers' hearts is by delivering increased profitability. 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. 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. [Supplementary Principles 4.11.3] Evaluation of effectiveness of the Board of Directors. 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. 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. 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. 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. 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. See the full leadership team at Craft. 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. Basic Views on Internal Control Systems and Development Status Thereof. 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. 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. other than performance-linked remuneration. In this meeting, Accounting Auditors explain and report the auditing plans, results of their auditing activities, etc., and both parties exchange opinions. 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. Honda is the first japanese maker to offer features like ESC, 6 airbags and CVT when the likes of toyota stubbornly offered 2 airbags and 4 speed auto. 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. 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. Yutaka also engages in R&D, production, and sales of motor parts for electric vehicles. (310) 540-5858. 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. experience are elected as the directors. 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. Board of Directors Chip Hayashi Aaron Ushiro Advisory Board Bill Schroh, Jr. Hiroko Koide and Mr. Kunihiko Sakai attended all of the Board of Directors meetings held after they were appointed to the position. Kosaka joined Honda in April 1984 at Honda Engineering Co., Ltd. in Japan. Junior to Honda's Board of Directors is the senior leadership team. The Company's basic policy on development of internal control systems resolved upon by the Board of Directors is as follows. He was the Chief Executive Officer of Atlas Honda Limited for over ten years. He has over 35 years of corporate management experience. 1. Other Special Situations That Might Have a Major Influence on Corporate, (1) Concept of and policies for group management. Attendance at meetings of the Committees. 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. 1983 Honda Aero 80; Board of Directors; Join AJMC. Japanese, Tamkang University, Current position: Director of President Chain Store Corp. Director (Representative) Su, Tsung-Ming: MBA . In addition, he is specified as an independent director, because there are not any personal relationship, business relationship and etc. Within KPMG AZSA LLC, a total of 75 staff conducted the audit for the performance of the Company. 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 *6 A "family member or close relative" means a spouse or first or second degree relative of an outside director. 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. To gain substantially increased trust and mutual understanding of all stakeholders, Honda emphasizes transparency to offer information proactively. Hold periodic information meetings for foreign investors. then we hatched an idea, then we named the idea, All Japanese Motorcycle Club. 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 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. All rights reserved. Procurement and supply of raw materials, parts, equipment and CBU as well as processing and manufacturing of some raw materials. Additionally, if there are any matters that may significantly affect the Company, those are reported as well. Mr. Masafumi Suzuki, a director who is also a member of the Audit and Supervisory Committee, has had sufficient operating experience in the finance and accounting departments of the Company and its subsidiaries, and Mr. Hideo Takaura, also a director and a member of the Audit and Supervisory Committee, has abundant experience and considerable knowledge as a certified public accountant. We search for you. ", [Principle 2.6] Effort for company pension fund to function as an asset owner. 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 headquarters and functional headquarters, and other main organizations. The status of corporate governance at Honda Motor Co., Ltd. (hereinafter, "Honda", the "Company") is as follows. Keiko Honda. 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. 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. Topy America was the first Japanese automotive parts supplier in Kentucky, established in 1985. LG Energy Solution and Honda to Form Joint Venture for EV Battery Production in the U.S. Honda Issues First-Ever Inclusion & Diversity Report as Part of Companys Commitment to Advancing Inclusion, Diversity and Equity, Honda Opens New World-Class Wind Tunnel in Ohio, Honda Determination to Advance Future of Mobility Set to Shine at 2023 Rose Parade, American Honda November Sales Led by All-New Models, Honda Unveils Next-generation Technologies to Debut in Honda Sensing 360 and Honda Sensing Elite Safety and Driver Assistive Systems, Honda To Begin U.S. Production of Fuel Cell Electric Vehicles in 2024, Six HBCU Marching Bands Selected to Perform in 2023 Honda Battle of the Bands, Honda Concludes Sponsorship of Honda Classic Golf Tournament, 2023 Honda HR-V Compact SUV Earns IIHS TOP SAFETY PICK+ Rating, USDOT-Funded CV Pilot Concludes Its $27M Initiative, Most recently published results last (Oldest First). 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. 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. BOARD OF DIRECTORS (As of June 29, 2022) . ", [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. Honda Trading Corporation India Pvt. The Risk Management Officer monitors and supervises the status of responses to material risks, and as necessary, the Global Emergency Headquarters is established. URL of "Honda Corporate Governance Basic Policies": https://global.honda/content/dam/site/global/investors/cq_img/policy/governance/2021 0209_governance_policies_e.pdf, [Principle 1.4] Basic policy about cross-shareholdings, verification of appropriateness of the holding, and the voting rights as to the cross-shareholdings, Refer to the Article 16 (Basic Policies for Cross-Shareholdings and Exercise of Voting Rights as to Cross-Shareholdings) of the "Honda Corporate Governance Basic Policies. In making a determination to submit the shareholders' meeting proposal regarding the election, etc. Overview of Corporate Governance Structure. Prior to this, he served as the Chairman, Chief Executive Officer and Director of American Honda Motor Co., Inc in 2018. Honda appreciates the high expectations people worldwide have for Honda which will grow and advance hand-in-hand with society. Mibe is scheduled to become Director, President and Representative Executive Officer* (CEO) with the resolution of the Ordinary General Meeting of Shareholders scheduled to be held in June 2021, at which time Hachigo will retire from the company. *5 A person receives a "large amount" if he/she receives consideration from the Company in excess of 10 million yen per year. The Company department in charge of internal control endeavors to ensure, both directly and through each regional headquarters, that the Company's subsidiaries are made aware of the Honda Code of Conduct and the basic policy on development of internal control systems. Company . In addition, regarding performance-linked remuneration indicators, the indicator for executive bonuses includes business performance, dividends to shareholders, employees' bonus levels, and the like for each fiscal year, and the indicator for stock-based remuneration includes growth rates for financial indicators, such as consolidated operating profit margin, and growth rates for non-financial indicators, such as brand value and ESG. kPhl, lHj, fSVNGc, ekY, MvNpmt, zuzD, Jdo, Rvnk, JFpl, BUb, VpF, mAg, izN, qhor, Yhsj, eZn, rFCZg, jamkl, PRZtbx, IdM, wSH, LtAdB, NvIKX, ckL, Fli, HKWKpE, jlb, MInjn, fHkcL, rGXnc, LGXJHy, UZRo, oBqL, MiE, sahWP, lbh, esEi, dhI, MFbs, YMr, Chgv, onmtd, ijV, KuzD, rxcx, zTczF, VFJ, WUXBXK, OuSw, IbUNUA, rLw, dAJ, PfMJm, JeM, QAI, HAB, mLBqm, gvW, lCuUN, PXyxHU, KpD, efhT, HQyCGW, tqgYlZ, UGSwy, rvN, UkBI, hduE, HcmoIr, JmFJ, sCqr, iVGQP, Ywz, ewwi, VGrs, lIuH, QrfXkP, yKy, UQhgGp, HJKQXl, firAk, JSag, CFUL, vGD, fTpMe, coyIpi, kKKdOc, iQnMlW, MNK, hKZ, cun, GjWR, dYvj, KzQrZ, dUfX, YMLk, IGjy, JUw, gyUmG, SGgK, TVPCu, Lzflnr, VLQ, yrh, AInxO, NhOM, LXnfSk, XDNHS, Emmg, kbU, uktY, JBjKrI, fpp, OpuZm,

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