Konica Minolta 2009 Annual Report Download - page 13

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11
production. While price is an admittedly high hurdle,
we believe it is nevertheless achievable through the
application of our powerful coating, organic materials,
and multilayer design technologies we amassed in our
photo film business.
Under the partnership with GE, we aim to
commercialize our new lights by March 2011. It will
probably take five to ten years for that business to
contribute significantly to our consolidated results.
But it will become a pillar of operations for us down
the track.
What are the main features of your
corporate governance setup?
Strengthening corporate governance will make
management more transparent and accelerate
decision-making, thereby enhancing corporate value.
We maintain a company-with-committees system that
separates management supervision and execution.
The Board of Directors comprises internal and outside
personnel. The majority are non-executive directors,
including the Board’s chair. Independence is a key
attribute in candidate directors, and we require that
none of these people have significant business ties
with our organization. We have a holding company
structure, and by formulating a setup that can respond
flexibly to dramatic changes in the business climate
we have been able to accelerate decision-making and
bolster our competitiveness.
What’s your stance on CSR
management?
Working on corporate social responsibility tasks is
what management is about. We aim to win the trust of
diverse stakeholders and meet their expectations by
fulfilling our environmental preservation responsibilities.
Safeguarding the global environment is a top priority.
We have undertaken groupwide efforts to cut our CO2
emissions and conserve resources. At the same time,
we have harnessed proprietary OLED lighting and
other technologies so that we can contribute to society
through the environment and energy field. This CSR
approach is what we believe is required of us as a
manufacturer in this day and age.
Briefly explain your policy on
dividends.
We comprehensively consider such factors as our con-
solidated results and strategic investments in growth
areas in deciding on dividends, and our basic policy is
to ensure ongoing profit returns to shareholders.
Regarding specific dividend indicators, our medium-to-
long-term goal is to maintain a dividend payout ratio of
over 25%. In FY March 2009, we declared a cash
dividend of ¥20 per share.
11
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