TOKYO, Japan, May 21, 2021 — Honda Motor Co., Ltd. (the “Company”) hereby announces the members of the three committees (nominating committee, audit committee and compensation committee) who are scheduled to be approved at a meeting of the Board of Directors to be held June 23, 2021. In February 2021, the Company announced its plan to further strengthen the supervisory functions of management by transitioning to a company with three committees.
With the three committees (nominating committee, audit committee and compensation committee), the Company will continue increasing the transparency of the process of nominating candidates for Directors, enhancing management audits and strengthening the transparency and objectivity of the process related to decisions on the compensation of Directors and Executive Officers.
*Titles in parentheses will become official with the resolution of the Ordinary General Meeting of Shareholders scheduled to be held June 23, 2021.