Pentax 2009 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2009 Pentax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

A Flexible Global Strategy
North America
12.3%
Europe
22.0%
A Highly Transparent
Corporate Governance System
In order to keep guard against the potential for stagnation in the Board of Direc-
tors system, Hoya has gradually reduced the number of directors, and in 1995
began appointing outside directors. The current Board of Directors comprises
five outside directors and three internal directors, for a total of eight. With more
than half of the Board coming from outside the Company, management supervi-
sion is enhanced and transparency is ensured.
Hoya is governed under the “company with committees” system as defined
by the Companies Act of Japan. All members of the Nomination Committee,
Compensation Committee and Audit Committee are outside directors, helping
to enhance the soundness of Hoya’s management.
Hoya does business all around the world. In order to deliver Hoya products to
our global customers quickly and efficiently, Hoya is accelerating the shift of its
production and sales bases overseas, keeping in mind optimal local production
and optimal local sales and promoting its worldwide business. At each location,
we seek both to localize Hoya and to promote global human resources.
Japan
37.5%
Asia and other
28.2%
Internal directors: 17
1989
Internal directors: 7
Outside director: 1
1995
Internal directors: 3
Outside directors: 5
2009
Sales by region
Changes in number of directors
1997 Hoya completes the three-pronged matrix structure with
regional headquarters in North America, Europe, and Asia
2003 The Group’s financial headquarters move to Europe
2004 Eyeglass lens operation headquarters move to Europe
2007 IOL operations headquarters move to North America
1
HOYA Annual Report 2009