Honda board had too little say in major investment decisions, chair says

What happened: Honda Motor's board chair said the governance structure made it difficult for directors to scrutinize major investment decisions before they were finalized, citing a "monitoring" type mentality. Key numbers: $2.6bn annual loss. Why it matters: An outside director called for a "change in mindset" as the automaker deals with fallout from its costly bet on electric vehicles.

Honda Motor's board chair said the governance structure made it difficult for directors to scrutinize major investment decisions before they were finalized, citing a "monitoring" type mentality.

An outside director called for a "change in mindset" as the automaker deals with fallout from its costly bet on electric vehicles.