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33
KONICA MINOLTA, INC. Annual Report 2014
Our Responsibility
Corporate Governance
Our Responsibility
Environmental Initiatives 1
Taking the lead: Implementing progressive initiatives
Enhancing the value chain based on risk and opportunity
In terms of its administrative structure, which supports growth, Konica
Minolta has been quick to take measures to strengthen corporate
governance, such as adopting a committee system at the time of man-
agement integration in 2003. Specifically, the Board of Directors
includes four independent outside directors, most with top manage-
ment experience at other leading companies, and the majority of
directors do not serve concurrently as executive officers. Moreover, a
director who is not serving concurrently as an executive officer is
elected as Chairman of the Board of Directors. In addition to these
measures to further enhance the supervisory function of the Board of
Directors, a great deal of authority is relegated to the executive offi-
cers to accelerate decision making. The Company is furthermore
advancing such progressive measures as actively disclosing the stan-
dards of independence used for outside directors, director compensa-
tion, and other information related to corporate governance.
Konica Minolta’s Eco Vision 2050 is a set of long-term goals that looks
all the way out to the year 2050, focusing on the three aims of pre-
venting global warming, promoting resource recycling, and preserving
biodiversity. In the Medium-Term Environmental Plan 2016, an action
plan for realizing this vision, Konica Minolta has set new priority
themes and specific targets to be achieved by fiscal 2016. To achieve
the fiscal 2016 targets, Konica Minolta is focusing on its “Three Green
Activities”: Green Products (planning and development), Green
Factories (procurement and production) and Green Marketing (distribu-
tion, sales and services, and collection and recycling). By creating envi-
ronmental innovation at every stage of business processes, from
product development to procurement, production, distribution, sales
and service, and collection and recycling, we are enhancing corporate
value while reducing the environmental burden posed by the Group.
Corporate governance system As of June 19, 2014
Directors 11
Outside directors 4
Independent directors 4
Involvement of outside directors in setting compensation Yes
Involvement of outside directors in selecting director candidates Yes
Outside directors make up more than 50% of the Auditing
Committee Yes
Outside directors make up more than 50% of the Compensation
Committee Yes
Outside directors make up more than 50% of the Nominating
Committee Yes
Annual Board of Directors meetings 14
Directors’ term of office 1 year
Executive officer system Yes
CO2 emission reduction targets