Corporate Governance
Fundamental Approach
Daihatsu is working to both build good relationships with its customers and all other stakeholders and enhance its corporate governance. We are doing this based on our slogan of “Light you up,” and our vision: “Tackle the challenges of making the world’s finest small cars and creating a mobility society to stay close to customers and enrich their lives.”
Operational Execution and Supervision
Internal Control System
Daihatsu has established an internal control system based on its Basic Policy for the Development of Internal Controls, and its organization is shown on the right in the diagram entitled “Internal Control Organizational Chart.” The Internal Control Committee works to improve corporate value, ensure the reliability of financial reports, ensure compliance with laws and regulations, and improve the security of confidential information. The committee is chaired by a director appointed by the president, and its members consist of chief officers; together, they work to improve the internal control structures of the Daihatsu Group.
Internal Control Organizational Chart
Flexible Organizational Reform to Respond to Various Issues
| Organizational Reform Purpose | Organizational Reform Content | |
|---|---|---|
| 2019 |
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| 2021 |
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| 2022 |
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Board of Directors / Structure
Daihatsu’s Board of Directors is chaired by the chairman and consists of nine members in total: chairman, president, executive vice president, two directors, non-resident director, full-time Audit & Supervisory Board member, and two outside Audit & Supervisory Board members (see table on the right). The Board of Directors meets once a month in principle to make decisions on corporate management and to reflect advice received from third parties, including the non-resident director and outside Audit & Supervisory Board members, in management.
Board of Directors Composition
| Name/Position | Date of Birth | Responsibilities | Brief History | Important Concurrent Positions | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sunao Matsubayashi Chairman |
March 29, 1954 | Chair, Board of Directors, Daihatsu President, Chief Technical Officer, Emerging-market Compact Car Company |
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Chairman, Toyota Daihatsu Engineering & Manufacturing Co., Ltd. | ||||||||||
| Soichiro Okudaira President |
April 19, 1956 |
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| Hiromasa Hoshika Executive Vice President |
December 6, 1958 | Assistant to the president Chair, Sustainability Committee |
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Vice Chairman, Perusahaan Otomobil Kedua Sdn. Bhd. | ||||||||||
| Yusuke Takeda Director (Operating Officer) |
May 15, 1963 | Chief Officer, Sales & Customer Service Group |
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President, Daihatsu Credit Co., Ltd. | ||||||||||
| Toshinori Edamoto Director (Operating Officer) |
February 17, 1961 | Chief Officer, Corporate Management Group Chair, Sustainability Meeting Chair, Carbon Neutrality Meeting |
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| Koji Sato Director Non-resident |
October 19, 1969 |
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Chairman, TOYOTA GAZOO Racing Europe GmbH | |||||||||||
| Norihide Bessho Full-time Audit & Supervisory Board Member |
July 20, 1958 |
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Audit & Supervisory Board Member, Daihatsu Diesel Mfg. Co., Ltd. | |||||||||||
| Masaki Nakatsugawa Audit & Supervisory Board Member Outside auditor |
January 29, 1953 |
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| Masanao Tomozoe Audit & Supervisory Board Member Outside auditor |
March 25, 1954 |
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Conflicts of Interest
When Daihatsu conducts a transaction with an operating officer, it complies with the procedures stipulated in the Companies Act and also approves and reports the transaction at Board of Directors meetings in accordance with Board of Directors and other rules. Transactions with the parent company are determined through negotiations with due consideration of market prices and other factors, in the same ways as general transaction terms. In addition, highly important transactions shall be approved at Board of Directors meetings in accordance with Board of Directors and other rules.