Honda 2016 Annual Report Download - page 22

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Corporate Governance
Business Ethics
Improvement
Proposal Line
Basic Approach
Based on our Fundamental Beliefs, Honda strives to enhance corporate
governance in order to further strengthen the trust of our shareholders/
investors, customers and society; encourage timely, decisive and risk-
considered decision-making; seek sustainable growth and the enhance-
ment of corporate value over the medium to long term; and in order that
we become “a company that society wants to exist”. As such, corporate
governance is one of the most important management issues.
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. Going forward, we
will continue to strive to ensure the transparency of our management.
Overview of corporate governance (as of June 30, 2016)
Form of organization Company with corporate auditors
Number of Directors (also serving as Operating Officers) ......... 13 (10)
Number of Outside Directors ............................... 2
Number of Specified Independent Directors .................... 2
Number of Female Directors ................................ 1
Term of Directors ...................................... 1 year
Number of Corporate Auditors ................................ 5
Number of Outside Corporate Auditors ........................ 3
Number of Specified Independent Auditors ..................... 3
Number of Female Corporate Auditors ........................ 1
Corporate governance structure (as of June 30, 2016)
General Meeting of Shareholders
Board of Directors
13 Directors (including 2 Outside Directors)
Board of Corporate Auditors
5 Corporate Auditors
(including 3 Outside Auditors)
Accounting
Auditors
Risk Management
Officer
Compliance
Officer
Global Emergency
Headquarters
Compliance
Committee
Corporate Auditors’ Office
Audit Office
Respective Business/Functional Operations/
Regional Operations/Subsidiaries
Executive Council
(Officers of senior managing director level and above)
Risk ManagementCompliance
Election/
Dismissal
Report
Report
Report
Report
Report
Internal
audit
Report
Audit
Proposal Report/
Proposal
Supervision/
Delegation
of authority
Coop-
eration
Audit
Election/
Dismissal
Election/
Dismissal
Honda Motor Co., Ltd. Annual Report 2016 21
6Corporate
Governance
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contents page
2Financial Highlights
3To Our Shareholders
4CFO Interview
5Review of
Operations
7Financial Section
8Investor Relations
Information
1The Power of
Dreams