Konica Minolta 2015 Annual Report Download - page 34

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Interviews with the Chairman of the Board and an Outside Director
advisory meetings. In addition to official board of directors
meetings, we offer information on the status of each business
channel and regional strategies, and provide opportunities to
discuss important themes a number of times a year.
Kondo If time permitted, I would like to go into the field
more. However, I believe that Konica Minolta provides a
satisfactory level of explanations and information, both from
qualitative and quantitative perspectives, to its outside
directors.
-------------- What was your impression of Konica Minolta as a
company when you actually went out into the field
firsthand?
Kondo If I may speak from my many years of experience in
production management and procurement at Toyota and Hino,
I must say that I sensed there was still ample room for
improvement. I think Konica Minolta has steered its
management extremely well amidst the dramatically changing
business environment. But if the Company improves the onsite
abilities of each of its businesses, it will surely grow into an
outstanding company capable of generating even more profit.
Matsuzaki Yes, I agree. I’d like to see greater ability to
handle issues onsite as well.
-------------- Moving forward, what actions are necessary in
order to achieve sustainable growth?
Matsuzaki For more than 10 years, we have used a
questionnaire-style evaluation sheet that the board of directors
use to conduct self-evaluations. In addition to points for
improving the operations of the board of directors, items on
the evaluation sheet include questions relating to mid- to
long-term management issues. Every year, despite their busy
schedules, our members provide us with extremely in-depth
answers. We plan to further increase our level of corporate
management by rotating the PDCA cycle based on these
opinions and guidance.
Kondo Another important hint regarding management is
information obtained by communicating with investors.
Matsuzaki Precisely. I myself soon became aware of which
risks investors place importance on by speaking with various
investors when I was a CEO. It provided great insight. We must
continue to place importance on communicating with investors
and utilize their perspectives in our management. Moreover, we
-------------- The Corporate Governance Code has been in
effect since June 2015. What initiatives do you believe are
important for Konica Minolta to introduce?
Matsuzaki As I explained in the beginning, Konica Minolta
began building its governance system early on, Accordingly,
there are few new issues that need to be addressed. In fact,
when the governance code was announced, we made a
comparison believing it to be a useful tool for assessing our
current status. Through that comparison, we discovered that
we had already covered 65 of the 73 principles.
Kondo The remaining eight principles are currently a hot
topic of discussion.
Matsuzaki Moving forward, responding to Principle 3-1, we
are introducing initiatives to improve the transparency of
appointment procedures for directors and senior management.
We are also revising policies and procedures for appointing the
CEO, and transitioning to a process that can be supervised by
the Nominating Committee and Board of Directors. Moreover,
executive officers other than the CEO are currently appointed
by the Board of Directors, with the Nominating Committee only
receiving reports of the appointments. We are planning to
change the system so that the Nominating Committee also
participates in the appointment process.
Kondo This issue was discussed by the Nominating
Committee just the other day. I, too, believe that incorporating
outside opinion in the appointment process for senior
management is extremely important to secure business
transparency and fairness. It is a given that if external eyes are
focused on the appointment of top management, each and
every employee will conduct themselves understanding that
society is always watching.
Accomplish Open and Sincere Management
Growing as a Company Trusted by Society
65 of 73 Principles of the Governance Code
Completed
33
KONICA MINOLTA, INC. Annual Report 2015
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