Suzuki 2010 Annual Report Download - page 23

22 SUZUKI MOTOR CORPORATION
(4)RemunerationforDirectorsandCorporateAuditorsforthisscalyear
Remuneration paid to Directors and Corporate Auditors is as follows:
(Amount of remuneration: million yen, Number of payees: person)
Classication Total amount of
remuneration
Amount of remuneration by remuneration type Number of payees
Basic pay Bonus
Directors 459 311 148 13
Corporate Auditors
(excluding Outside Corporate Auditors) 41 28 13 2
Outside Corporate Auditors 20 16 43
Notes: 1. The amount of remuneration limit for directors (¥80 million per month) was resolved at the 135th ordinary general meeting of share-
holders held on June 28, 2001 (however, salaries for employees are not included).
2. The amount of remuneration limit for corporate auditors (¥8 million per month) was resolved at the 123rd ordinary general meeting
of shareholders held on June 29, 1989.
3. The above-mentioned bonus are recorded as provision for directors’ bonuses at the end of this scal year and treated as expenses
of this scal year.
4. The above-mentioned Directors include two Directors who resigned at the completion of the 143rd ordinary general meeting of
shareholders held on June 26, 2009.
5. In addition to the above, the amount of remuneration which Outside Corporate Auditor obtained from subsidiaries of the Company
as their ofcers is ¥4 million for one person.
6. In addition to the above, ¥201 million was paid to ten retired Directors as retirement benet allowance in accordance with a resolu-
tion of the 140th ordinary general meeting of shareholders held on June 29, 2006. Further, ¥1 million was paid to a retired Director
and ¥1 million was paid to a retired Corporate Auditor, as pensions for directors and corporate auditors under the Rules of Retire-
ment Benet Allowance for Directors and Corporate Auditors.
(5)RemunerationforIndependentAuditorforthisscalyear
(a) The remuneration amount to be paid by the Company to Independent Auditors is ¥74 million.
(b) The remuneration amount to be paid by the Group to Independent Auditors is ¥76 million.
(c) Of the amount shown in (a), the remuneration amount to be paid for audit certication is ¥74 million.
Note: Since the audit agreement between the Company and Independent Auditors does not distinguish the remuneration for auditing based
on the Companies Act of Japan from that for auditing based on the Financial Instruments and Exchange Act of Japan, the Company
can not specify respective amounts substantially and has described the total amount for those audits.
(Reference)
InternalControlReportSystemundertheFinancialInstrumentsandExchangeActofJapan
Effective from the scal year ended March 31, 2009, Internal Control Report System has been applied under the Financial Instru-
ments and Exchange Act of Japan. The Company has established a project team to enhance the system for assessment of the
effectiveness of internal controls over the nancial reporting.
Our management executive assessed the effectiveness of internal control over nancial reporting as of March 31, 2010 in ac-
cordance with “On the Setting of the Standards and Practice Standards for Management Assessment and Audit concerning Internal
Control Over Financial Reporting (Council Opinions) ” published by the Business Accounting Council of Financial Services Agency,
the Japanese government. Based on that assessment, our management executive concluded that our Group’s internal control over
nancial reporting was effective as of March 31, 2010.
Seimei Audit Corporation, the Company’s Independent Auditor, has audited the Internal Control Report made by our manage-
ment executive, and expressed an unqualied opinion regarding effectiveness of the Group’s internal control over nancial reporting
as of March 31, 2010.
Management Policy