Suzuki enhances governance, focuses on sustainable growth

Suzuki Motor Corporation (TSE: 7269) released its Corporate Governance Report, highlighting its commitment to sustainable growth and enhanced shareholder value. The report details various measures, including the implementation of all principles of the Corporate Governance Code, reviews of cross-shareholdings, and stringent related-party transaction oversight. Suzuki emphasizes diversity in core human resources, aiming to triple the number of women in managerial positions by 2025. The company actively engages with shareholders, holding 369 meetings in FY2023 and incorporating feedback into its strategies, including increased female outside directors and share buybacks. To improve transparency, the company increased IR communications and emphasized consistent sustainability reporting. Suzuki's new mid-term management plan (FY2025-FY2030) focuses on maximizing corporate value by exceeding cost of capital and improving capital efficiency through strategic financial management. The board has an improved structure with outside directors, an audit committee, and a remuneration committee for effective oversight.