Integrated Report 2021(For the year ended December 31, 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 environment that supports appropriate risk-taking and decisive decision-making by manage-ment, and it multilaterally understands and appropriately oversees issues and risks associated with the implementation of the Company’s manage-ment 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 as well as appropriate, transparent, and fair supervision and monitoring as the Company’s corporate governance. Accordingly, we have formulated Corporate Governance Guidelines and put them into practice in an appropriate manner.For more details, please see the Corporate Governance Guidelines. 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 System20012007200920102011201220132014201520162017201820192020Improvement of operating structureExecutive structureNumber of directors1111101012111113111110Number of internal directors787798810776Number of outside directors43333334444Independent outside directors32222223444Of whom, women directors11100000011Executive remuneration systemMedium-Term Management PlanIntegration of stock options into stock compensation planIntroduction of Executive Personnel Committee (Nomination / Remuneration Committee)Introduction of executive officer systemEstablishment of Corporate Governance GuidelinesAppointment of women directors and Audit & Supervisory Board membersOperation 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)Taking on the renewed challenge of achieving net sales of ¥2 trillionA unique company that continues to achieve dynamic milestones (management emphasizing ROE and cash flows)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)61Yamaha Motor Co., Ltd. Integrated Report 2021

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