Honda executive resigns amid misconduct allegations; CEO takes pay cut

Honda Motor (TSE:7267) announced the resignation of Director, Executive Vice President, and Representative Executive Officer Shinji Aoyama, effective April 7, 2025, following allegations of inappropriate conduct during an informal social gathering. The company's audit committee promptly initiated an investigation upon learning of the claims, consulting outside experts and submitting a disciplinary action plan to the Board of Directors. Aoyama tendered his resignation before the board could issue a disciplinary decision, which the board accepted. In response to the matter, Director, President and Representative Executive Officer Toshihiro Mibe will voluntarily return 20% of his monthly compensation for two months. Honda conveyed its regret over the situation and pledged to strengthen its company-wide compliance system. The company is currently evaluating new management structures and intends to announce changes shortly.