Omron 2016 Annual Report Download - page 74

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■
Advisory Committee Composition
Title Name
Personnel
Advisory
Committee
CEO Selection
Advisory
Committee
Compensation
Advisory
Committee
Corporate
Governance
Committee
Chairman Fumio Tateishi □
President and CEO Yoshihito Yamada
Executive Vice President and CFO Yoshinori Suzuki □
Executive Vice President Akio Sakumiya ○ ○ ○
Director Koji Nitto □
Outside Director Kazuhiko Toyama†□ ◎ □ ◎
Outside Director Eizo Kobayashi†◎ □ ◎ ○
Outside Director Kuniko Nishikawa†□ □ □ □
Audit & Supervisory Board Member Kiichiro Kondo
Audit & Supervisory Board Member Tokio Kawashima
Audit & Supervisory Board Member (Independent) Yoshifumi Matsumoto†□
Audit & Supervisory Board Member (Independent) Hideyo Uchiyama†□
■
Number of Major Meetings Held and Rates of
 Attendance (Fiscal 2015)
The Audit & Supervisory Board performs
compliance and validity audits related to director
performance and Board of Director supervisory
duties. The Audit & Supervisory Board works to
provide a basis for ensuring the practicability of
these audits. The Global Internal Auditing HQ,
which reports directly to the president and CEO,
The Omron Board of Directors nominates and
selects outside directors and outside Audit &
Supervisory Board members as a means to
oversee business operations as a representative
of Omron shareholders and other stakeholders.
Outside directors are selected based on
predefined standards of independence.
　In addition to the requirements under the
Companies Act, Omron has established other
rules for governing the independence of outside
directors in compliance with independence
standards set by the relevant stock exchanges.
　Based on these standard of independence,
three of Omron’
s eight members of the Board
of Directors are outside directors, and two of
the four members of the Audit & Supervisory Board
are likewise outside members. Omron has submitted
periodically conducts internal audits of
accounting, administration, business risks, and
compliance in each headquarters division and
business company. Internal audits are more
than just a tool to confirm compliance; they are
also a valuable means for providing feedback
and advice for operational improvement.
filings to the relevant stock exchanges
designating these individuals as outside
independent directors.
Meetings of the Board of Directors 13
Meetings of the Audit & Supervisory Board 13
Outside Director attendance at Board of Director Meetings
97.2%
Outside Audit & Supervisory Board member attendance at
Board of Director Meetings 100%
Outside Audit & Supervisory Board member attendance at
Audit & Supervisory Board meetings 96.2%
Audit Functions
Selection of Outside Directors and Auditors
Note: ◎Chairman ○Vice Chairman □Committee Member 　
  †Independent Officer
72 OMRON Corporation