Kenwood 2004 Annual Report Download - page 20

Implementation status of corporate governance
The Company in June 2002 introduced a new management structure,
centering on the executive officer system, as part of restructuring measures
provided in "Revitalization Action Plan." Under the new framework, the
Company invited community and business leaders of diverse values as
outside directors to make management accountable and clarify the
responsibility for operation execution, and strove to implement transparent
decision-making and speedy, precise operations.
In March 2003, the Company established the "Management Audit
Division," which is tasked with conducting internal audits of group-wide
operations and reporting to the board of directors. It also set up a
consolidated business framework, centering on the core businesses, under
which it formed a new consolidated management system to optimize the
group's resources. Through these moves, the Company is enhancing
corporate governance and compliance functions.
The Company also launched the "Kenwood Environmental Committee,"
which is chaired by CEO and responsible for strengthening measures to
control the risk associated with product sales and environmental
compliance. Under the Committee, "Environment Protection Promotion
Conference" and "Green Products Promotion Conference" were created. In
addition, the Company established the "Company-wide PL Meeting" to
enhance measures for product liability. Thus, the Company endeavors to
carry out operations with emphasis on corporate society responsibility (CSR).
Furthermore, the Company in January 2004 established "Kenwood
Compliance Guidelines" as guideline for the conduct of all employees of the
group, in order to form a corporate group that has the community's trust and
develops together with the society it is a part of.
As mentioned above, Kenwood is doing its utmost efforts to enhance the
compliance function on a group-wide basis, ranging from strengthening
management auditing functions to mapping out guidelines for employees'
conduct, while stepping up the corporate governance as a consolidated
organization. The Company is dedicated to continue to further enhance its
CSR measures.
Management structure฀
Now that it completed restructuring, the Company will proactively
strengthen its business competitiveness and promote a growth strategy
aiming for a new leap forward, as part of its new management structure
comprising three external and four internal directors including two new
members who are directly responsible for their respective business
segments in which they have long track records.
President (Representative Director of the Board)Haruo Kawahara
Director of the Board Kazuo Shiohata฀
Director of the Board Shoichiro Eguchi (Newly elected)
Director of the Board Yoshihiko Ueno (Newly elected)฀
Director of the Board (Part-time, external)Nobuo Seo฀
Director of the Board (Part-time, external)Takenori Kawafune฀
Director of the Board (Part-time, external)Takeo Nagatomo฀
Standing Statutory Auditor Hideaki Kato (Not eligible for reelection)฀
Standing Statutory Auditor Kazuhiro Kitahara (Not eligible for reelection)฀
Standing Statutory Auditor Osamu Hamada (Not eligible for reelection)฀
Auditor (part-time) Koichi Kurosaki (Not eligible for reelection)฀
& CEO Haruo Kawahara฀
& Executive Vice President & Executive OfficerKazuo Shiohata
CFO, Assistant to CEO; Equity, IR & PR Affairs
Executive Vice President & Executive OfficerHiroyasu Hata
Assistant to CEO; Personnel & Employment
General Manager, Strategic Business Planning Division฀
Executive Vice President & Executive OfficerAkio Ueda
General Executive, Procurement Division฀
Executive Vice President & Executive OfficerHiroshi Komatsuzaki
Assistant to CEO; Consumer Business Sector - Overseas Markets (Resident in U.S.A.)฀
Senior Vice President & Executive OfficerMasateru Ando
Assistant to CEO; Consumer Business Sector - Domestic Markets, Statutory Auditor, Any Music Inc. (Seconded)
& Senior Vice President & Executive OfficerShoichiro Eguchi
General Executive, Consumer Car Electronics Division Representative, Kenwood Europe Headquarter
President, Kenwood Electronics Europe B.V.฀
& Senior Vice President & Executive OfficerYoshihiko Ueno
General Executive, Communications Division (Resident in the U.S.A.)฀
& Senior Vice President & Executive OfficerMakoto Inukai
President, Kenwood U.S.A. Corporation
& Senior Vice President & Executive OfficerHiroyuki Taki
Deputy General Executive, Communications Division
Annual Report 2004
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