Isuzu 2013 Annual Report Download - page 15

Annual Report 2013 13
Isuzu is striving to strengthen corporate governance structures to ensure its ability to earn the trust
of all stakeholders.
Striving to ensure integrity, compliance and transparency in management
Basic approach to corporate governance
The Company believes that the establishment of corporate
governance structures that provide a framework for discipline
is indispensable to its ability to generate consistent profits and
enhance corporate value through its business activities.
Recognizing that the primary purpose of corporate
governance is to respect the positions of stakeholders and build
smooth relationships, the Company endeavors to ensure fairness
and transparency in its corporate affairs through the timely and
appropriate disclosure of important information. In particular,
the Company understands that implementing internal controls
and maintaining an environment that protects the rights and
interests of shareholders, while assuring equality among them,
is an important element of corporate governance.
Furthermore, to this end the Company considers it essential that
the Board of Directors and Audit Committee, which are tasked with
supervision of the Company’s management, function adequately
and fulfill their duty of accountability toward shareholders.
Overview of Isuzu’s corporate governance structures
The Company has established a Board of Directors and an
Audit Committee as internal bodies to oversee and audit
important management decisions.
To speed up managerial decision-making and business
operations, Isuzu has set up a Management Meeting that meets
every other week as a rule to examine and make decisions on
critical management concerns, in accordance with resolutions of
the Board of Directors.
Furthermore, the Company has created various committees
that report to the Management Meeting in order to streamline
discussion of issues in various specialized areas.
In addition, we have introduced an executive officer system
for properly supporting our directors’ business operations.
In addition to attending Board of Directors meetings and
other important meetings, auditors solicit reports from directors
and other leaders concerning the execution of their
responsibilities, review important decision-making documents
and other materials, investigate operational and financial
conditions at the head office and major worksites, request
reports from subsidiaries as needed, and audit Company
operations.
Corporate Governance
Isuzu

s Internal Audit Systems