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ISUZU MOTORS LIMITED ANNUAL REPORT 2003
10
OFFICERS
DIRECTORS
(All Directors concurrently act as Executive Officers)
President & Representative Director Yoshinori Ida
Executive Vice President &
Representative Director Basil N. Drossos
Executive Vice Presidents & Directors
Shigeki Toma
Kozo Sakaino
Randall J. Schwarz
Executive Directors Yoshito Mochizuki
Hiromasa Tsutsui
Directors Hiroshi Suzuki
Susumu Hosoi
Yoshio Kinouchi
Yoshihiro Tadaki
CORPORATE AUDITORS
Standing Corporate Auditors Hiromu Inada
Michio Kamiya
Corporate Auditors Yasuharu Nagashima
Tadashi Inui
EXECUTIVE OFFICERS
Senior Executive Officers Goro Miyazaki
Ryuuichi Ohgi
Jun Utsumi
Minoru Matsushima
Executive Officers Makoto Ushiyama
Yasushi Mase
Chikao Mitsuzaki
Shunichi Satomi
Hiroo Majima
Akira Shinohara
Takashi Urata
Tadaharu Matsuo
Fujio Anzai
(As of June 27, 2003)
CORPORATE GOVERNANCE The Isuzu Group is improving
its corporate governance system to optimize and speed
decision-making processes and enhance management super-
vision and business execution. Isuzu is also committed to
improving disclosure to ensure greater transparency, taking
actions such as posting financial information on its website.
Isuzu’s Board of Corporate Auditors consists of four cor-
porate auditors, including two standing and two non-standing
members. The Board of Corporate Auditors is supported by
the Audit Group of the General Affairs & HR Department.
Isuzu has strengthened the supervisory functions of the Board
of Directors by adopting an executive officer system, which
transfers executive authority to the operating level. Under
the recently introduced Vehicle Line Executive (VLE) system,
Isuzu runs its organization along product lines (commercial
vehicle, light-duty commercial vehicle and Power-Train busi-
nesses) to build a balanced earnings structure. Furthermore,
Isuzu holds Management Meetings under the Board of Direc-
tors to conduct advance deliberations on material decisions
regarding day-to-day business execution.
To ensure that the goals of the New Three-Year Business
Plan are achieved, a senior executive from GM has been
appointed Executive Vice President & Representative Director
and an executive from Mizuho Corporate Bank, Ltd. has been
appointed Executive Vice President & Director.