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SUZUKI MOTOR CORPORATION 25
Corporate Governance Issues
3. Eligible person
Only Directors that apply to “Managing members” as stated in Article 34(1)(iii) of Corporation Tax Act of Japan, and excludes Out-
side Directors.
4. Fixed amount
“Fixed amount” as stated in Article 34(1)(iii)(a)[1] of Corporation Tax Act of Japan is limited up to ¥300 million. If amount of consoli-
dated net income multiplied by 0.18% exceeds ¥300 million, ¥300 million divided by each Director’s point would become remunera-
tion of each Director.
5. Others
Remuneration of Director retiring during the scal year would be decided by calculating amount of remuneration that would have
been paid if expiring the full scal year, and dividing it by the actual service months (rounded down to the nearest 10,000).
(5) Remuneration for Independent Auditor for current scal year
(a) The remuneration amount to be paid by The Company to Independent Auditors is ¥85 million.
(b) The remuneration amount to be paid by The Group to Independent Auditors is ¥88 million.
*The amounts shown in (a) and (b) were all paid for audit certication.
Because the remuneration amount for the audit under Companies Act of Japan and for the audit under Financial Instrument and
Exchange Act of Japan is not divided in the Auditing Agreement between The Company and Independent Auditor and is not be able to be
actually divided, the amount described in the above species the total of these remuneration amounts.
(Reference)
Internal Control Report System under the Financial Instruments and Exchange Act of Japan
Eective from the scal year ended 31 March, 2009, Internal Control Report System has been applied under the Financial Instruments
and Exchange Act of Japan. The Company has established a project team to enhance the system for assessment of the eectiveness of
internal controls over the nancial reporting.
Our management executive assessed the eectiveness of internal control over nancial reporting as of 31 March, 2015 in accordance
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 gov-
ernment. Based on that assessment, our management executive concluded that our Group’s internal control over nancial reporting
was eective as of 31 March, 2015.
Seimei Audit Corporation, The Company’s Independent Auditor, has audited the Internal Control Report made by our management
executive, and expressed an unqualied opinion regarding eectiveness of The Group’s internal control over nancial reporting as of
31 March, 2015.