Toyota Motor Europe (TME) is governed by a Board of Directors (BOD) made up of six executive directors appointed by Toyota Motor Corporation, the sole shareholder of TME. Below the BOD, a number of committees assist in the execution of the board’s duties.
The Executive Committee (EC) is the approval body for important functional and cross-functional strategy issues. EC members are appointed by the BOD, and consist of the President & CEO, Executive Vice Presidents and the Chief Financial Officer. The EC meets, on average, twice a month.