Home>Corporate Profiles>Corporate Social Responsibility (CSR) Activities and Environmental Activities>CSR Management>Corporate Governance
Corporate Governance
Aiming to ensure that our management system is healthy, transparent and cope with the changing business circumstance, the Company has changed its management structure to one based on a "Committee System" in June of 2003. Under this system, management oversight and operational execution functions have been separated and operational authority has largely been transferred from the board to the executives. This has enabled rapid decision-making and decision implementation of operational restructuring and strategic investment.
Additionally, by taking on outside directors and, thereby, bringing in objective, outside opinions, the Company has strengthened the board´s oversight function and increased management transparency.
Corporate Governance System
Board of Directors
Board of directors decides the company´s management policy and matters concerning allocation of functions of executive officers, and oversees the operations of directors and executives. It is held regularly (if necessary, temporarily). Three committees (Nominating, Audit and Compensation) are established in it to strengthen oversight function. Audit Committee consists of 1 director who does not serve concurrently as executive officer and 2 outside directors to strengthen oversight function much more.
Executive Committee
Executive committee investigates important matters concerning operational execution affecting on the Company and the entire group. Executive committee consists of all executives and those who are especially nominated by president and is held regularly (if necessary, temporarily).
Executive Officers
Executive officers execute operations except those Executive Committee considers. Authority has largely being transferred from the board. This has enabled rapid decision-making.
