Omron 2016 Annual Report Download - page 76

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in general was being appropriately conducted
through constructive discussions.
　Meanwhile, the necessity to reinforce the
oversight functions of the Board of Directors
through expanded discussion of medium-to
long-term management strategies was pointed
out as an issue going forward.
forward, as well as to enhance its oversight
functions.
・
As ESG has become a topic of growing interest
among institutional investors and society in
general, the Board of Directors shall coordinate
ESG policies (from a standpoint of meeting
social responsibilities) and build a system to put
these policies into practice.
・
The Board of Directors shall continue to
delegate its authorities related to the execution
of measures for short-term issues to the
executive organizations and build a structure to
reinforce oversight function for medium-to
long-term management issues.
As a result of analysis and evaluation on the
effectiveness of the Board, it was confirmed that
the governance system currently adopted by the
Company and the operation of the system were
appropriate. The evaluation indicated that an open
atmosphere conducive to active discussions
pervaded the Board of Directors and the Advisory
Committees and that oversight over management
In light of the evaluation results by the Corporate
Governance Committee as well as the recent
changes in the environment, the Board of Directors
shall continue to delegate its authorities to
executive organizations, and in addition to existing
initiatives, further expand its discussions on
medium-to-long term management strategies to
reinforce the oversight functions of the Board of
Directors through the following initiatives.
・
The Board of Directors shall expand discussions
of the medium-term management plan based on
medium-to long-term management strategies in
preparation for the formulation of the next
medium-term management plan for fiscal 2017
Initiatives towards Improving the Effectiveness of the Board of Directors
Determination
of the operating
policy
Execution
Implemen-
tation
bodies
Corporate
Governance
Committee
Board of Directors
Corporate
Governance
Committee
Board of Directors
Evaluation
Determination
of the operating
policy
ExecutionEvaluation
Determine
Board of Director
operating policy
for the following
fiscal year based
on evaluation
results
Implement
measures
to improve
effectiveness
through Board
of Director
meetings
Analyze and
evaluate the
effectiveness of
the Board and the
execution status
of measures
Determine
Board of Director
operating policy
for the following
fiscal year based
on evaluation
results
Implement
measures
to improve
effectiveness
through Board
of Director
meetings
Analyze and
evaluate the
effectiveness of
the Board
Fiscal 2015 Results of Evaluating the Effectiveness of the Board of Directors
Fiscal 2016 Bord of Director Operating Policy
74 OMRON Corporation