Olympus 2006 Annual Report Download - page 25

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C O R P O R A T E G O V E R N A N C E A N D C S R
> Olympus considers corporate governance as one of its key man-
agement priorities. The basic policy is to establish and operate
an optimal, effective and fair management structure from a global
perspective. Its organizational structure has the Board of Directors
comprised of 15 directors, including two outside directors, and
an executive officer system. The Board of Auditors consists of four
auditors, including two outside auditors. In addition, Olympus
has an Internal Audit Department for the purpose of carrying out
necessary internal auditing procedures.
C O M P L I A N C E
> Olympus formulated the Corporate Conduct Charter and the
Olympus Code of Conduct to ensure that its business activities
are fair and honest, that they follow a strong sense of ethics,
and that they comply strictly with relevant laws and regulations.
With these principles in mind, Olympus has created a means
to share its sense of value and its code of conduct on a global
scale. Moreover, a variety of in-house rules and operating stan-
dards have been established to help guide employees’ corporate
behavior.
C S R A C T I V I T I E S
> The management philosophy of Olympus “Social IN” officially
declares that Olympus will be a value generator to help realize
better health and happiness for people by integrating with society
and offering a new sense of value through its business activities.
Based on this concept, Olympus vigorously implements corpo-
rate social responsibility (CSR) activities. Olympus established
the Corporate Social Responsibility Division in April 2005 to
enhance its cross-sectional approach to CSR and has been issuing
CSR activity reports. Furthermore, as a participant of the United
Nations Global Compact, Olympus has established and imple-
mented the Olympus Group Corporate Conduct Charter, based
on the UN Global Compact’s 10 principles, aiming to become a
globally respected company contributing to the sustainable devel-
opment of society.
Corporate Governance Structure Chart
General Meeting of Shareholders
Appointment/
dismissal
Appointment/dismissal Appointment/dismissal
Audit
Supervision and
appointment/dismissal
of President
Audit
Audit
Board of Auditors
Business Divisions, Corporate Center, Corporate R&D Center,
the Corporate Social Responsibility Division, Subsidiaries and Affiliates
Board of Directors
President
DirectorsAuditors
Internal Audit Department
Executive Management
Committee
Global Strategy
Committee
Risk Management
Committee
Accounting Auditor Audit
Advice Special Committee
OLYM PUS 20 06 23