Omron 2014 Annual Report Download - page 35

Corporate Governance, Internal Controls, and Compliance
and Risk Management
Promoting Sound and Proper Corporate Management
Omron is committed to maintaining and exercising a proper corporate governance system while increasing
management transparency. To firmly establish a high standard of corporate ethics, we will continue to enhance
our compliance system and strengthen the risk management framework that supports ongoing improvement in
corporate value.
Corporate Governance
At Omron, senior management has realized the im-
portance of corporate governance for many years and
has progressively developed foundations for support-
ing good corporate governance. As such, Omron has
worked to drive the spread of such foundations in
Japan and other countries by having officials assuming
principal posts in relevant external organizations and
through other means.
Omron’s basic policy is to fortify corporate gov-
ernance based on the belief that the most crucial
factor in earning stakeholders’ support is building an
optimal management structure and conducting fair
business operations while enhancing the mechanism
(a supervisory system) for such verification and realiz-
ing sustainable growth.
In line with this basic policy, Omron has adopted an
executive officer system and clearly separates manage-
ment oversight and business execution. Under an inter-
nal company system, Omron is realizing faster decision
making and efficient business operations by delegating
substantial authority to the president of each internal
company. Moreover, autonomous individual business
units that can specialize in creating value for customers
take the initiative in conducting business. At the same
time, through commitment-based management, we
clarify roles and responsibilities and practice corporate
value management based on shareholder value.
Basic Policies
■ Corporate Governance Initiatives
1999 2003 2 0 11
19 8 7–
President Yoshio Tateishi
Omron Principles
formulated in 19 9 0 Revised in 1998 Revised in 2006
2003– Compensation Advisory Committee
2006– CEO Selection Advisory Committee
2008– Corporate Governance Committee
2003–
President Hisao Sakuta
2001
2 0 11 –
President Yoshihito Yamada
Chairman of the Board
of Directors / CEO President serves as Board of Directors’Chairman and CEO Chairman serves as Board of Directors’Chairman / President serves as CEO
Separation of
management
oversight and
business execution
30 directors
1999– Two members
1998
1999– Number of directors reduced to seven
1999– Introduction of executive officer system
Advisory Board 1999 Advisory Board
One
member
One
member 2003– Two members (seven directors)
2 0 11 – Two members (four auditors) 2003– Three members (four auditors)
Outside Directors
Audit & Supervisory Board
members (independent)
Advisory Committees
Corporate
Philosophy
Corporate
motto
formulated
in 1959
President
19 9 6 – Management Personnel
Advisory Committee 2000– Personnel Advisory Committee
The Company received a Greenhouse Gas Emissions Verification Statement from third-party
organization Bureau Veritas Japan Co., Ltd., thereby verifying the reliability of its greenhouse
gas emissions reports. The statement, which follows, declares that the Company has accurately
collected, calculated, and disclosed emissions data in accordance with Scope 1, Scope 2, and Scope
3 of the GHG Protocol. Going forward, Omron will utilize the results of its calculations to conduct
more-effective emission reduction activities.
Third-Party Greenhouse Gas Emissions Verification Statement
About Omron Where We’re Headed Corporate Value Initiatives Corporate Value Foundation Financial Section
66 Omron Corporation Integrated Report 2014 67