Casio 2010 Annual Report Download - page 14

Corporate Governance
To ensure steady progress towards management goals and realize continuous improvement in enterprise value, we
believe it is vital that business operations be conducted in an appropriate and efficient manner, based on swift decision-
making by management, and that supervisory functions be strengthened to ensure sound and transparent manage-
ment. The Casio Group undertakes a range of measures to ensure the best possible standards of corporate governance.
The Corporate Governance System
Casio has adopted a corporate officer system to clearly demarcate
the supervisory and executive functions of management. Meetings
of the Board of Corporate Officers are also attended by directors
and corporate auditors. At the meetings, matters of importance
relating to the conduct of business are discussed to ensure that
decisions are made from a companywide perspective, to facilitate
their smooth implementation.
The Board of Directors aims to make important management
decisions rationally and promptly. Directors and corporate auditors
attend these meetings to deliberate upon and decide such issues.
Corporate auditors, including external auditors, follow policies
set out by the Board of Corporate Auditors. In addition to attend-
ing meetings of the Board of Directors and the Board of Corporate
Officers, as well as other important meetings and committee
sessions, the corporate auditors discharge their responsibility
for rigorous monitoring of the process of management of the
Company by receiving and perusing reports from the directors
and other management staff, as well as the minutes of meetings
at which decisions on important matters were taken, and related
reference material.
The external auditors are independent executives whose
appointments are reported to the Tokyo Stock Exchange, in line
with its regulations. Corporate auditors are assigned specialist
assistants who support their audit activities.
External audits by independent auditing corporations are con-
ducted in accordance with auditing standards generally accepted
in Japan as being fair and appropriate. The Company accepts
advice on improving operations from these auditors.
The Internal Audit Department monitors the performance of
duties by the various organizational units of the Company to check
that this performance conforms to laws and regulations as well
as internal standards such as the organization control standard. In
accordance with the results of this monitoring, staff members of
the Internal Audit Department evaluate the performance of each
unit and issue directives for improvement where required.
In addition, basic policies and major issues in CSR activities
across the Group are deliberated by our CSR Committee, chaired
by the officer in charge of CSR at Casio Computer Co., Ltd. and
comprising the officers in charge of staff function departments,
corporate auditors and managers of staff function departments.
Corporate governance system framework
Election and
discharge
Election and
discharge
Accounting audit
Accounting audit
Audit
Audit
Oversight
Appointment,
dismissal,
and
oversight
Election and
discharge
Oversight
Internal audit
Business divisions
Group companies
Board of
Corporate Officers
Corporate Officers
Internal Audit Department
General Meeting of Shareholders
Accounting Auditor
Board of Directors
Directors President and CEO
CSR Committee
Subcommittees
Board of Corporate Auditors
Corporate Auditors Audit staff
12 CASIO COMPUTER CO., LTD.