Canon 2010 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2010 Canon 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 114

  • 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
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114

CANON ANNUAL REPORT 20108
Canon maintains sound corporate governance as part of efforts to maximize its
stockholders’ value and become a truly excellent global corporation.
Chairman & CEO
Fujio Mitarai
President & COO
Tsuneji Uchida
Executive Vice President & CFO
Toshizo Tanaka
Senior General Manager, External Relations Center
Senior General Manager, Corporate
Communications Center
Vice Chairman, Supervisory Board of Océ N.V.
Executive Vice President & CTO
Toshiaki Ikoma
Group Executive, Corporate R&D Headquarters
Chief Executive, Optical Products Operations
Senior Managing Directors
Kunio Watanabe
Group Executive, Corporate Planning
Development Headquarters
Yoroku Adachi
President & CEO, Canon U.S.A., Inc.
Yasuo Mitsuhashi
Chief Executive, Peripheral Products Operations
Managing Directors
Tomonori Iwashita
Group Executive, Environment Headquarters
Group Executive, Quality Management Headquarters
Masahiro Osawa
Group Executive, Global Procurement Headquarters
Group Executive, General Affairs Headquarters
Shigeyuki Matsumoto
Group Executive, Device Technology Development
Headquarters
Katsuichi Shimizu
Chief Executive, Inkjet Products Operations
Ryoichi Bamba
President, Canon Europa N.V.
President, Canon Europe Ltd.
Toshio Homma
Chief Executive, L Printer Products Operations
Masaki Nakaoka
Chief Executive, Offi ce Imaging Products Operations
Haruhisa Honda
Group Executive, Manufacturing Headquarters
Hideki Ozawa
President & CEO, Canon (China) Co., Ltd.
Masaya Maeda
Chief Executive, Image Communication Products
Operations
Corporate Auditors
Keijiro Yamazaki
Shunji Onda
(Outside)
Tadashi Ohe
Kazunori Watanabe
Kuniyoshi Kitamura
Directors & Corporate Auditors (as of December 31, 2010)
CORPORATE GOVERNANCE
Basic Policy and Corporate Governance Structure
Canon recognizes that management supervision functions and
management transparency are vital to strengthening its corpo-
rate governance and further raising corporate value. Canon’s
basic governance structure comprises the General Meeting of
Shareholders, the Board of Directors and the Board of Corpo-
rate Auditors. Furthermore, the Executive Committee and
management committees are dedicated to addressing key
issues. All of these bodies work together to ensure the appropriate
management of the Group through an internal auditing structure
underpinned by the independent Corporate Audit Center and an
information disclosure system for management activities.
Board of Directors
Important business matters are discussed and ratifi ed during
meetings of the Board of Directors and Executive Committee.
As of December 31, 2010, the board consisted of 17 directors.
In order to facilitate more practical and effi cient decision
making, the board is entirely composed of internal directors
who have well-developed knowledge of the Company’s affairs.
Also, the board is supported by various management commit-
tees that address important management issues in their
specifi c fi elds. These committees complement the Company’s
management system by business unit, facilitate effi cient
decision making and realize a mutual supervisory function for
such matters as compliance and ethics.
Executive Offi cer System
Canon is endeavoring to realize more fl exible and effi cient
management operations by maintaining an appropriately sized
organization of directors and promoting capable human re-
sources with accumulated executive knowledge across spe-
cifi c business areas.
Executive offi cers are appointed and dismissed by the Board
of Directors and have a term of offi ce of one year. The number
of executive offi cers was 13 as of December 31, 2010.
Auditing System
Canon has fi ve corporate auditors, including three outside
corporate auditors who have no personal or business affi lia-
tions with the Company. Canon has notifi ed the stock exchang-
es in Tokyo, Osaka, Nagoya, Fukuoka and Sapporo of the
designation of these outside corporate auditors as indepen-
dent auditors, as provided under the regulations of the stock
exchanges. Corporate auditors’ duties include attending meet-
ings of the Board of Directors and of the Executive Committee,