Epson 2009 Annual Report Download - page 42

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41
Statutory auditors are also authorized to attend sessions of the Corporate Strategy Council, the corporate
management meeting and other important business meetings. Attendance at these meetings enables the
auditors to conduct audits based on the same information as directors. Statutory auditors also routinely
review important documents related to management decision making.
Epson has established an Audit Staff Office with specialized personnel to assist the statutory auditors in
their duties. The views of the board of statutory auditors are given a great deal of weight in the evaluation
and transfer of personnel assigned to this office.
To improve the effectiveness of their audits, statutory auditors consult on a regular basis with the internal
Audit Office and independent public accountants.
In addition, the holding of regularly scheduled meetings with representative directors allows statutory
auditors to directly assess business operations.
(4) Outline of personnel, capital, or business connections between the Company and its outside
statutory auditors
At present, there are no special connections between the Company and any of its three outside statutory
auditors.
(5) Director remuneration
The following table shows the totals of remuneration and retirement benefits for directors and statutory
auditors of the Company in the fiscal year under review.
Category Number of Individuals Remuneration Received
(millions of yen)
Directors 12 461
Statutory Auditors
(Outside statutory auditors among
all statutory auditors)
7
(4)
121
(59)
Total 19 582
Notes
1. The numbers above include the three directors and two statutory auditors (including one outside
statutory auditor) who retired at the closing of the general shareholders’ meeting on June 25, 2008.
2. Remuneration paid to directors does not include remuneration paid for additional responsibilities (for
personnel who hold the position of director as well as additional posts).
3. A resolution of the general shareholders’ meeting held on June 26, 2001, established the maximum
amount of remuneration at ¥70 million per month for directors and at ¥12 million per month for statutory
auditors.
4. The remuneration paid does not include director bonuses since bonuses were not paid in the fiscal year
under review.
5. In addition to the above, the directors who retired at the closing of the general shareholders’ meeting
held on June 25, 2008, were paid the following retirement benefits based on the resolution of the general
shareholders’ meeting held on June 23, 2006, on the payment of discontinued benefits for retiring
directors.
Three retiring directors: ¥503 million
Two retiring statutory auditors: ¥18 million (including one outside statutory auditor: ¥7 million)
The director who retired at the closing of the general shareholders’ meeting held on June 24, 2009, was
paid a retirement benefit of ¥44 million based on the same resolution.
(6) Accounting audits and remuneration
a. Names and other details of corporate public accountants performing audits.
Name of CPA Audit company
No. of successive
years performing
audits
Designated and
Engagement Partner,
Certified Public
Accountant
Michio Shibuya Ernst & Young ShinNihon
LLC 2
Designated and
Engagement Partner,
Certified Public
Kiyoshi Ichimura Ernst & Young ShinNihon
LLC 3