Toyota 2015 Annual Report Download - page 109

entity, an employee of such entity who is in charge of its affairs), executive officer, manager or employee of
Toyota or any of its subsidiaries during the 10 year period before becoming an audit & supervisory board
member of Toyota or any of its subsidiaries; and
(c) the person is not a spouse or relative within the second degree of kinship of any member of the board of
directors or manager or other key employee of Toyota.
The audit & supervisory board members may not at the same time be a member of the board of directors,
accounting counselor (in case that an accounting counselor is a judicial person, a member of such judicial person
who is in charge of its affairs), executive officers, general managers or employees of Toyota or any of its
subsidiaries. Together, these audit & supervisory board members form the audit & supervisory board. The
audit & supervisory board members have the duty to examine the financial statements and business reports which
are submitted by the board of directors to the general shareholders’ meeting. The audit & supervisory board
members also monitor the administration of Toyota’s affairs by the members of the board of directors. Audit &
supervisory board members are not required to be, and Toyota’s audit & supervisory board members are not,
certified public accountants. They are required to participate in meetings of the board of directors but are not
entitled to vote.
Under the Companies Act and Toyota’s articles of incorporation, Toyota may, by a resolution of its board of
directors, exempt audit & supervisory board members (including former audit & supervisory board members)
from their liabilities to Toyota arising in connection with their failure to execute their duties within the limits
stipulated by laws and regulations. In addition, Toyota may enter into a liability limitation agreement with each
audit & supervisory board member which limits the maximum amount of their liabilities owed to Toyota arising
in connection with their failure to execute their duties to an amount equal to the minimum liability limit amount
prescribed in the laws and regulations.
Toyota does not have a remuneration committee. However, members of Toyota’s “Executive Compensation
Meeting,” consisting of the Chairman, President, Executive Vice President in charge of human resources and an
outside director, discuss recommendations to the board of directors concerning remuneration for members of the
board of directors.
6.D EMPLOYEES
The total number of Toyota employees, on a consolidated basis, was 348,877 as of March 31, 2016, 344,109
as of March 31, 2015 and 338,875 as of March 31, 2014. The following tables set forth a breakdown of persons
employed by business segment and by geographic location as of March 31, 2016.
Segment
Number of
Employees Location
Number of
Employees
Automotive .......................... 310,944 Japan ............................. 198,745
Financial services ..................... 9,777 North America ...................... 45,475
All other ............................. 23,075 Europe ............................ 18,866
Unallocated .......................... 5,081 Asia .............................. 62,424
Other* ............................ 23,367
Total ............................... 348,877 Total ............................. 348,877
* “Other” consists of Central and South America,
Oceania, Africa and the Middle East.
Most regular employees of Toyota Motor Corporation and its consolidated subsidiaries in Japan, other than
management, are required to become members of the labor unions that comprise the Federation of All Toyota
Workers’ Unions. Approximately 86% of Toyota Motor Corporation’s regular employees in Japan are members
of this union.
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