Suzuki 2013 Annual Report Download - page 23

Management policy
SUZUKI MOTOR CORPORATION 21
Management policy
SUZUKI MOTOR CORPORATION 21
1. Business operations basic policy
The Group has carried out its operations on the basis of manufacturing of “value-packed products” to satisfy customers since
its establishment with the motto “Develop products of superior value by focusing on the customer” in the rst paragraph of its
mission statement. The Group set “Create a Wow! Beyond customer expectation” as a vision for the Group and make effort to
fulll the motto.
The Group commits itself to make efforts to promote the “production of small and subcompact vehicles” and the “development
of environmentally benign products” needed by customers, and “to be small, less, light, short and beautiful” on every side of
organization, facilities, parts, environment and so on as well as production, with the slogan, “Small Cars for a Big Future”, and
has been working for the efcient, well-knit and healthy management.
2. Basicpoliciesforprotdistribution
We determine the prot distribution based on the performances, dividend payout ratio, strengthening of the corporate nature and
full internal reserve for future business developments from the medium- to long-term viewpoint, with the emphasis on the continu-
ous and stable distribution.
The Group has a structure in which prots are highly dependent on overseas manufacturing plants. They are mainly located in
developing countries, and are therefore subject to exchange rate uctuations. To achieve stable growth, we need to further en-
hance our corporate structure and prepare for unforeseen circumstances.
In future years, under the foregoing point of view, we will also determine the prot distribution based on the performance of scal
year.
3. Corporate governance issues
(1)Basicconceptsregardingcorporategovernance
Through fair and efcient corporate activities, The Company always intends to be trusted by all our stakeholders including
shareholders, customers, partner companies, local communities and employees, and to be a continuously growing com-
pany, while making a further contribution to the international community. In order to realize that intention, we consider that
the enhancement of the corporate governance is one of the most important issues for proper corporate management and
aggressively taking various kind of measures.
For the purpose of enabling the agile corporate management and operations and clarifying the individual responsibilities,
The Company has reduced the number of Directors (9 Directors including 2 Outside Directors as of 147th Ordinary General
Meeting of Shareholders held on June 27, 2013) and introduced a Senior Managing Ofcer and Managing Ofcer system.
In order to enhance management supervisory and audit function, The Company elected Outside Directors (2 Directors as
of 147th Ordinary General Meeting of Shareholders held on June 27, 2013) and Outside Company Auditor (3 Auditors as of
147th Ordinary General Meeting of Shareholders held on June 27, 2013) who are highly independent of The Company.
As to internal control system, The Company aim to maintain and manage the system properly by observing basic policy
which is resolved by board of Directors based on Company act of Japan, and Internal control reporting system based on
Financial Instruments and Exchange Act of Japan.