Honda Motor Co., Ltd. Corporate Governance Report

This report details Honda Motor Co., Ltd.'s corporate governance framework as of July 2026. The company operates under a "company with three committees" structure, emphasizing the segregation of supervisory and execution functions to enable prompt and risk-informed decision-making. Honda is committed to enhancing corporate value through sustainable growth and transparency in its operations. The report outlines the company's basic approach to governance, its capital composition, and corporate attributes. It details the roles and responsibilities of the Board of Directors, committees (Nominating, Compensation, Audit), and executive officers. The company has six independent outside directors, chosen for their expertise and experience in areas such as law, accounting, and corporate management, to provide objective oversight. Honda also details its initiatives for sustainability, including efforts to address climate change and promote diversity within its workforce. The report also covers the company's policies on remuneration for directors and executive officers, performance-linked incentive systems, and shareholder engagement strategies, including electronic voting and hybrid general meetings. The company utilizes external auditors, KPMG AZSA LLC, and has implemented liability limitation and indemnity contracts for its directors and officers.