As indicated below, we are working to prepare a corporate governance system and to improve the value of our company.
Basic Way of Thinking Regarding Corporate Governance
Since our founding, we have conducted business management with the spirit of “Harmony and Sincerity,” our company creed. We believe that, following our company creed, maintaining harmony, and continuing with fair, honest, and sincere business practices, has led to deeper relationships with our customers and other stakeholders, building trust, and raising our company’s value.
In order to reflect these beliefs in our business management, we strive to build a corporate governance system and strengthen our operations. We are focusing on establishing this as an important management foundation.
Corporate Governance System Chart
A summary of our corporate governance system is shown in the following chart.
Executive Officer System
In order to realize quick business judgment and conducting of business affairs, and to effectively manage and supervise the state of our affairs, the executive structure is divided into directors, who make decisions, and executive officers, who conduct business affairs. The roles and responsibilities for each are clearly defined.
Strengthening Functions of Conference Structure
Executive meetings strengthen functions by serving as places where executive officers report on the conducting of business affairs, as well as instruct, manage, and supervise those affairs. In addition, in order to ensure the suitability of business conduct by directors, and to optimize decision making in the Board of Directors, an outside directors, as well as outside auditors, are established. The results of resolutions made by the Board of Directors will be made known to executives who are higher than certain ranks, and transparency regarding decision making will be carried out.
Management of Affiliated Subsidiaries
The control of affiliated subsidiaries, including those overseas, will make clear the authority of local managers, and by establishing specialist departments, overseas tasks are suitably managed, management information is understood, and problem solving is being sped up, all in order to improve the level of management.
Work Process Control
By listing work processes with the flowchart manual, we promote the accuracy and efficiency of work tasks.
Personnel Committee
We have established a Personnel Committee in order to conduct appropriate and fair personnel transfers and salary raises and promotions and conduct decisions and preliminary reviews regarding personnel.
Risk Management Committee
In order to consider possible risks in Japan and overseas, and to come up with risk countermeasures in advance, we are working towards establishing a risk management system. In order to conduct an organizational response to each risk, we will strengthen the operations of our Risk Management Committee.
Internal Auditing System
In order to restore our management and make it more effective, and to improve reliability in our accounting information, we cooperate with auditors, and conduct occasional and internal audits to all our departments and affiliated subsidiaries.