Reduction of Remuneration for Directors, Executive Officers and Managers
January 28, 2009
Yamaha Motor Co., Ltd. (the "Company") decided at the Board of Directors meeting of January 28, 2009 to reduce the remuneration of Directors, Executive Officers and managers, based on the severe business conditions noted in the "Revision of Forecast Financial Results and Cash Dividends for Fiscal 2008."
The Company also accepted the Corporate Auditors' offer to forgo a portion of their remuneration.
1. Reduction of Directors' remuneration
No bonuses to Directors
10 to 20% reduction in monthly remuneration
2. Reduction of Executive Officers' remuneration
10% reduction in monthly remuneration
3. Reduction of managers' remuneration
5% reduction in monthly remuneration
4. Corporate Auditors' forgoing of remuneration
Forgoing 15% of monthly remuneration
The reduction of the monthly remuneration of Directors, Executive Officers, managers and Corporate Auditors is scheduled to remain effective from February 2009 through the end of fiscal 2009 (December 31, 2009)