Omron 2001 Annual Report Download - page 9

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Omron Corporation 7
CORPORATE TRANSFORMATION VISION
It is important to focus on issues and procedures that will promote
continuous transformation, both at an individual level and within the
overall Omron corporate structure. Self-reliance is a key concept of GD2010
in maximizing value and carrying out a successful transformation.
Self-Reliant Management Practices
Omron will promote corporate transformation aimed at establishing a
corporate governance system that meets international standards and enables
the Company to take advantage of the capital market as a global company.
Initiatives will include promoting greater transparency in management and
reinforcing audit functions from the standpoint of representing stockholders,
which is the primary role of the Board of Directors, through measures such as
including outside directors on the Board. At the same time, Omron will
clearly define the roles and functions of the Board of Directors, Corporate
Management and Business Operations. These initiatives are aimed at
maintaining strong corporate governance in order to respond to changes in
the operating environment more flexibly and swiftly.
Self-Reliant Business Units
To maintain an optimum Group management structure, Omron Corporation
will become a holding company and accelerate corporate divestitures to turn
all current strategic business units into independent companies. This will
allow each business to engage in the most appropriate management for its
respective market and provide maximum value to customers.
GD2010
Three Corporate Visions
of GD2010
Three Corporate
Visionsof GD2010
The Corporate
Transformation Vision will
guide the changes in the
Omron Group so that it can
flexibly accommodate
changes in the business
environment.