JVC 2008 Annual Report Download - page 18

In order to increase management transparency and enhance overall
group governance, we will appoint three External Directors, a total
of seven Directors including the Representative Director, and three
External Auditors for a total of five Statutory Auditors.
The Chairman and CEO will control corporate functions such
as financial affairs and personnel affairs, capital strategy including
M&A, group structural reforms, technology and manufacturing
strategies. The President will control group businesses, new business
development, collaboration businesses including J&K Technologies,
and among others group marketing strategies.
In order to make strategic and speedy decision-making and problem
resolution possible, an Operating Officers System will be introduced
to the joint holding company in order to separate management and
execution of businesses and strategies. The three operating companies
under the control of the joint holding company will all be under the
Board of Directors System.
We will create a simple organization system in which responsibility
for achievement is clear, It will comprise eight divisions and four
directly controlled departments as below.
General Meeting of
Shareholders
Board of Auditors Accounting Auditors
Corporate Audit Office
Secretary Office
Strategic
Corporate
Planning Div.
Strategic
Accounting &
Finance Div.
Integrated
Synergy
Development Div.
Integrated
Infrastructure
Development Div.
New Business
Development
Center
Business Affairs
Office
Environmental Sustainability
Office
Compliance committee
Information Disclosure Council
Environment Council,
PL Council
Board of Directors /
Executive Officers
Chairman
(CEO)
President
Organization System
Strategic Legal &
Intellectual
Property Div.
Strategic Human
Resources &
General Affairs Div.
Business
Development &
Strategy Div.
Corporate Governance
Transparent Management and Speedy Decision-making
JVC KENWOOD Holdings, Inc.
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