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, several 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.