Epson 2006 Annual Report Download - page 27

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Seiko Epson Annual Report 2006 25
Nominating Committee
Independent Public Accountant
General Shareholders’ Meeting
Executive Officers and
Presidents of Affiliated Companies
Compensation Committee
Corporate Strategy Council
Representative Director
(President)
Business Units and Affiliates
Board of Directors
Elect
Elect
Report
Report
Elect ElectSubmit/Report
Report
Cooperate
Audit
Audit
Audit Audit
Proposal/Report
Proposal/Report
Trust-Based Management
Promotion Meeting
Crisis Management Committee
Corporate Management Meeting
Audit Staff Office Various Strategy Councils
Internal
Audit
Office
Business
Operations
Statutory
Auditors’
Meeting
Diagram of Epson’s Internal Control System
Principles of Corporate Conduct
(issued to employees in Japan)
Compliance
Epson has drafted fundamental
regulations that delineate its basic stance
on compliance, and also has a well-
defined compliance structure. As further
proof of its commitment to implementing
trust-based management, Epson has
established principles of corporate
conduct, as well as a code of conduct
for employees based on these principles.
The president bears ultimate accountability
for ensuring overall compliance at Epson,
with executives (directors) in each
consolidated business and operating field
responsible for compliance-based man-
agement in their respective domains.
As part of its organization for pro-
moting compliance, Epson has set up a
variety of compliance counseling options,
including an in-house compliance hotline
for compliance-related counseling and
reporting possible violations. Web-based
seminars for employees are also one of
Epson’s in-house compliance education
tools. A deliberative body for discussing
compliance-related matters, under the
supervision of the president, has also
been established. Full-time statutory
auditors are among the body’s members,
providing a system that enables auditors
to confirm the status of Epson’s compli-
ance program. Furthermore, the
president regularly reports to the board
of directors on compliance-related
issues, formulating appropriate measures
as needed.
Safeguarding and Management of
Work-Related Information
The safeguarding and management of
business information is carried out in ac-
cordance with company regulations re-
garding document management,
management approvals, contract man-
agement and other relevant regulations.
These and other documents are readily
available for review by Epson directors
and statutory auditors.