AutomobilesOutside director calls for 'change in mindset' after automaker's $2.6bn annual lossHonda Motor's board chair said that its governance structure had made it difficult for directors to scrutinize major investment decisions before they were finalized. (Photo by Akitoshi Sugiura)October 9, 2026 14:29 JSTTOKYO -- Honda Motor's board of directors had too little say in major investment decisions, overly constrained by a "monitoring" type mentality, its board chair said, as the automaker grapples with the fallout from its costly bet on electric vehicles.