honda emblemIn a move similar to one recently made by Toyota, Honda has announced a plan to reduce the size of its Board of Directors. Downsizing from 20 to 12 board members will allow Honda to streamline its decision making process.

Pending approval at Honda's upcoming shareholder's meeting, the changes will be made official in June. Among those being removed from the board is American Honda Motor Company President Tetsuo Iwamura. He will retain his stateside presidential role and his additional position of Senior Managing Director with Honda HQ in Japan. [Source: Automotive News – sub. req.]