Honda 2007 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2007 Honda annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

47
Executive Council
The Company has established the Executive Council,
consisting of the Company’s 10 Representative
Directors (nine from June 22, 2007), including the
President, the Vice President and the Senior Manag-
ing Directors. Along with discussing in advance the
items to be resolved at meetings of the Board of
Directors, the Executive Council discusses important
management issues within the scope of authority
conferred upon it by the Board of Directors.
In the year under review, the Executive Council met
27 times.
Regional Operating Boards
To enhance the independence of each regional
operation and ensure swift decision-making, regional
operating boards have been established at each
regional operation to discuss important management
issues in the region within the scope of authority
conferred upon it by the Executive Council.
Status of Measures Related to
Shareholders and Others with Vested
Interests
(1) Measures to Invigorate Ordinary General
Meetings of Shareholders and Ensure the
Smooth Exercise of Voting Rights
To invigorate the annual Ordinary General Meeting of
Shareholders, the Company holds the meeting as
early as possible. The Company also presents easy-
to-understand reports using video and slides, and
displays its products at the conference room.
The Company sends convocation notices before
the date required by law, and also allows share-
holders to exercise their voting rights via the Internet,
using personal computers or mobile phones. Convo-
cation notices are sent in English to overseas inves-
tors. In these and other ways, the Company strives
to make the exercise of rights as smooth as possible.
(2) IR Activities
For analysts and institutional investors, the Company
holds meetings to present its results four times a year
and meetings with the president twice a year. Com-
pany representatives visit and hold information meet-
ings as needed for major Japanese and overseas
institutional investors to explain the Honda Group’s
future business strategies. Representatives based
in North America and Europe also hold information
meetings for institutional investors as appropriate. In
addition, the Company holds information meetings for
investors at motor shows and other major events,
where presentations on such topics as Honda Group
strategies are made by the president or relevant
director. Moreover, the Company conducts regular
tours of facilities in Japan and overseas for share-
holders and other investors.
The latest information for investors is available on
the Company’s website (http://www.honda.co.jp/
investors/ in Japanese; http://world.honda.com/
investors/ in English). All new information is uploaded
to the site simultaneously in Japanese and English.
The Company issues a regular publication for
shareholders, containing information about its busi-
nesses, products, financial status and other matters.
(3) Respecting the Perspective of Stakeholders
Seeking to earn the unwavering trust of customers
and society, the Honda Group has formulated a set
of behavioral guidelines, which is observed by all
individual associates (employees).
In addition to supplying products incorporating the
most advanced safety and environmental technolo-
gies, the Company pursues environmental protection
activities, safe driving campaigns and social contribu-
tion activities covering all aspects of its operations,
including production, logistics and sales. These initia-
tives reflect the Company’s effort to earn the trust and
understanding of society via its corporate activities.
The Company provides information about its cor-
porate activities via financial reports and other disclo-
sures according to law. We also publish yearly reports
on environmental protection activities, safe driving
campaigns and social contribution activities, which
are posted on our website. In addition, we publish a
corporate social responsibility (CSR) report that com-
prehensively explains our activities related to the
environment, safety and society.
Internal Control System: Fundamental
Position and Implementation Status
Basic Position
To earn the trust of customers and society, the
Company’s divisions, under the guidance of their
respective corporate officers, have systems in place