JVC 2013 Annual Report Download - page 33

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Shareholders’ Meeting
Selection
and dismissal
Appointment
and removal
Appointment
and removal
Appointment
and removal
OperationsOperations Operations
Audit
Report
Report
Report
Report
Report
Report
Internal Audits
Financial Audit
Board of Executive Officers
10 Executive Officers
(including 4 directors)
Chief Strategy Officer (CSO)
Chief Risk Officer (CRO)
Chief Innovation Officer (CIO)
Compliance Committee
Information Disclosure Council
PL Board
Environment Board
JVCKENWOOD Group Companies
10 Operating Officers
Audit & Supervisory
Board
3 Audit & Supervisory
Board Members
(including 2 from
outside the company)
Committee Chairman
Selection and
dismissal
Selection
and dismissal
Selection
and dismissal
Audit
Audit
Audit
Audit
Committee
Chairman
Board of Directors
8 Members of the Board of Directors
(including 3 from outside the company)
Representative Director
(Chairman of the Board)
Corporate Audit Office
Accounting
Auditors
President, Representative Director
Chief Executive Officer (CEO)
Operations
Entertainment
Software
Segment
Optical &
Audio
Segment
Professional
Systems
Segment
Car
Electronics
Segment
Corporate
Division
Professional
Business Support
Division
Organization System (As of June 25, 2013)
3. JVCKENWOOD is a company with a board of auditors. Auditors attend Board of Directorsʼ meetings and other
important meetings, hold Board of Auditorsʼ meetings, audit the execution of duties by Directors and the entire
Groupʼs business execution, perform accounting audits and have a corporate audit function.
The Board of Auditors holds meetings once every month and on a needs basis. Since June 26, 2012, three
auditors (including two external auditors) have been engaged in corporate audits. To ensure the efficiency of the
management supervisory function based on experience, achievements, professional viewpoints and judgment,
etc., as well as independence having no potential conflicts of interest with general shareholders, JVCKENWOOD
selects candidates for external auditors in principle by confirming their business backgrounds (i.e., confirming that
they have not been a JVCKENWOOD major shareholder or engaged in the execution of operations of any of
JVCKENWOODʼs main business partners, etc.) based on the independence standards and policies, which are
stipulated in the “guideline for the governance of listed companies” issued by the Tokyo Stock Exchange (“TSE”)
with the approval of the Board of Auditors. Since June 26, 2012, JVCKENWOOD has appointed two external
auditors, Akihiko Washida and Shojiro Asai, and designated them as independent auditors under defined
standards of the TSE. At the same time, external auditors are registered with the TSE.
31
JVC KENWOOD Corporation
Corporate Governance