Pentax 2006 Annual Report Download - page 7

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A Message to Our Stakeholders
Hiroshi Suzuki, President and CEO
A Final Word to Our Shareholders
I like to think that all of our stakeholders—including
shareholders, employees and management—share a common
destiny in a ship called “Hoya.” My long-held conviction that a
company belongs to its shareholders will not change. I am fully
aware that it is the duty of the management to make the most
effective use of our shareholders’ investments, and to work as
one with our employees to further develop the business and
enhance Hoya’s corporate value.
We are all deeply grateful for your ongoing support.
accountable to demonstrate why and how they reached a
particular conclusion. We also recognize that, concerning
compliance and corporate social responsibility, each individual in
each division shoulders an important duty, since he or she is
responsible for his or her own actions, rather than having them
dictated from the top down. Headquarters clearly sets out the
target standards of conduct, and each division acts in accordance
with those standards. I see Hoya as having the responsibility to
conduct its business in conformity not only with legal and ethical
codes, but also with those rules that it must observe to stay true
to itself as a high-quality company.
Corporate Governance
Hoya operates within a company-with-committees system. There
is a Board of Directors, which is the highest decision-making
organ, and three committees—the Nomination Committee,
Compensation Committee and Audit Committee. Of the eight
members of the Board of Directors, the majority are outside
directors, and all members of the three committees are
outside directors. We have thus established a system
of corporate governance that maximizes
supervisory functions. It can be said that
corporate governance systems are really
called to account in emergency situations.
The role of the Board of Directors
is recognized as being not only to
supervise the activities of the
executive officers, but also in an
emergency to act as the
representative of the shareholders
and protect the interests of the
Company. Our outside directors,
who have no particular interest in
Hoya, serve an important supervisory
role in the Company’s management. In
addition, we considered it important to
develop and operate systems to prevent
the occurrence of an emergency, as well as
maintaining a system of checks. The
Company is striving to further strengthen its
internal control systems and perfect a
thoroughgoing checking function through its internal
audit team.