Casio 2011 Annual Report Download - page 12

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 management. 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 statutory
auditors. At the meetings, matters of importance relating to the con-
duct 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 deci-
sions rationally and promptly. Directors and statutory auditors attend
these meetings to deliberate upon and decide such issues.
Statutory auditors, including external auditors, follow policies set out
by the Board of Statutory Auditors. In addition to attending meetings of
the Board of Directors and the Board of Corporate Officers, as well as
other important meetings and committee sessions, the statutory audi-
tors 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 appoint-
ments are reported to the Tokyo Stock Exchange, in line with its regula-
tions. Statutory auditors are assigned specialist assistants who support
their audit activities.
External audits by independent auditing corporations are conducted
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, statutory 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 Statutory Auditors
Statutory Auditors Audit staff
10 CASIO COMPUTER CO., LTD.