Corporate goverance on honda

Based on Honda’s fundamental corporate philosophy, they are working to enhance corporate governance as one of its most important management issues. Honda’s aim is to have our customers and society, as well as our shareholders and investors, place even greater trust in them to ensure that Honda is "a company that society wants to exist."
To ensure objective control of Honda’s management, outside directors and outside corporate auditors are appointed to the Board of Directors and the Board of Corporate Auditors, which are responsible for the supervision and auditing of the Company. Honda has also introduced an operating officer system, aimed at strengthening both the execution of business operations at the regional and local levels and the supervision by the Board of Directors. The term of office of each director is limited to one year, and the amount of remuneration payable to them is determined according to a standard that reflects their performance in the Company. Honda’s goal in doing this is to maximize the flexibility with which our directors respond to changes in the operating environment. Honda is working autonomously within each division to strengthen legal and ethical compliance and risk management. The Audit Office’s task is to carry out effective audits for the performance of each division's business. This is to enhance the trust and understanding of shareholders and investors, Honda's policy emphasizes the appropriate disclosure of company information, and financial results on a quarterly basis with timely and accurately disclosing of management strategies. Honda will continue raising its level of transparency in the future to further the trust of its stockholder and customers.