Yamaha Motor Integrated Report 2020

Corporate Governance Basic Views on Corporate Governance To ensure the implementation of the Company’s growth strategies for the future, Yamaha Motor’s Board of Directors establishes an environ-ment that supports management’s appropriate risk-taking and decisive decision-making activities, and multilaterally understands and appropri-ately oversees issues and risks associated with the implementation of the Company’s management strategies from the viewpoint of fulfilling responsibilities to various stakeholders including shareholders and investors.This structure is designed to implement speedy and decisive decision-making, and appropriate, transparent, and fair supervision and monitor-ing as the Company’s corporate governance. Accordingly, we formulate corporate governance guidelines and put them into practice in an appro-priate manner.For more details, please see the Corporate Governance Guidelines.https://global.yamaha-motor.com/ir/governance/pdf/corporate_governance_guidelines-e.pdfAs a “Kando Creating Company,” our corporate mission is to offer new excitement and a more fulfilling life for people all over the world. To achieve this mission, Yamaha Motor aims to enhance corporate value through sustained growth attained via its medium- and long-term strategies and measures. To this end, the Company has put into place systems and frameworks that enable rapid decision-making and the proper supervision and monitoring of business execution. History of Strengthening the Corporate Governance System20002001200720092010201120122013201420152016201720182019Improvement of operating structureExecutive structureNumber of Directors11111010121111131111Number of Internal Directors78779881077Number of Outside Directors4333333444Independent Outside Directors3222222344Of which, female Directors1110000001Executive remuneration systemMedium-Term Management PlanIntroduction of Executive Personnel Committee (Nomination / Remuneration Committee)Introduction of Executive Officer systemEstablishment of Corporate Governance GuidelinesAppointment of female Directors and Audit & Supervisory Board MembersIntegration of stock options into stock compensation planOperation of Board of Directors + Management Discussion meetingAppointment of Outside DirectorsImplementation of the Board evaluationDelegation agreement with Executive OfficersAbolition of takeover defense measuresAppointment of non-Japanese Executive OfficersSeparation of Chairman of the Board of Directors and Chief Executive Officer (CEO)A unique company that continues to achieve dynamic milestones (management emphasizing ROE and cash flow)Toward sustainable growth (expansion of business scale and enhancement of profitability)Stabilization of a profitable structure (V-shaped recovery in results)Overall revision of the system (compensation further linked to performance and for long-term incentives)Taking on the renewed challenge of achieving net sales of ¥2 trillion61Yamaha Motor Co., Ltd. Integrated Report 2020

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