At today's meeting, the following three points were received from Mitsubishi Motors:

1. Review of the structure of the internal investigation into the past recall problem and how to proceed with the investigation in future
2. The improvements to the processing of defect information
3. Review of the regulations regarding corporate ethics

In relation to these points, committee members made the following remarks:

     Concerning the conclusion of the internal investigation into the recall problem:

• We received an explanation on the investigation by lawyers from outside the company at the first and fourth meetings. According to the explanation, the investigation is being conducted by the independent lawyers, while a group of shared lawyers were providing them with information; the analysis and evaluation of materials, as well as the overall managing of the investigation was undertaken by the independent lawyers alone, who did not disclose any data to the shared lawyers, and therefore we were of the opinion that investigation was being handled impartially. Once the committee has understood this explanation, and confirmed that they have the prerogative to demand another investigation if required.
• The Business Ethics Committee will independently examine the report by the external lawyers completely and thoroughly.
• The report must also include specific details on the involvement of former executives on this case, as well as points regarding corporate culture.
• The investigation system by which Mitsubishi Motors has appointed three independent lawyers (and the termination of the appointment of nine shared lawyers) was explained and understood. A request was put forward to have the report completed as soon as possible.
• The committee understands that three independent lawyers were appointed to conduct the investigation, and that the nine shared lawyers were to provide them with information. In such a case, we have doubt whether it is appropriate to use the term 'appointment' for the shared lawyers, otherwise, the relevance of the investigation could be cast in doubt. Whether it is joint-investigation or joint-appointment, perhaps it was clumsily explained before. You should use these terms correctly.

     Concerning the improvements to the processing of defect information:

• Based on previous recommendations by the committee, it was understood that you are handling the matter appropriately, such as accelerating the search for the causes. Please continue this effort.

     Concerning the review of the regulations regarding corporate ethics:

• Based on the discussions held in the workplace and the results of the survey on employee comprehension of these issues, we understand that it may be necessary to adjust the future schedule.

The eighth meeting of the business ethics committee has been scheduled to be held on November 25th.

Noboru Matsuda
Business Ethics Committee Chairman