Olympus 2012 Annual Report Download - page 20

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The outside directors will guide the rebirth of Olympus and onto a growth
path through sound, independent supervision and business execution.
At Kao, we adopted an outside director system early on and have pioneered the
establishment of a sound governance system, implementing such measures as the
abolition of retirement benefits for corporate officers. In light of that experience, I
understand that our role as outside directors is to check from an outside perspective
whether accepted practices at Olympus contravene commonly accepted practices in
society at large and express different views and opinions. I hope that by fulfilling our
respective roles, the outside directors will contribute to the sound growth of Olympus
while conferring to find rapid solutions to problems.
Outside Director
Takuya Goto
The new governance configuration is only a means to an end, and the true objective is to
lead the management of Olympus in an appropriate, sound direction. Now that outside
directors make up a majority of the board, we bear a heavy responsibility to maintain a
deep understanding of the Company’s operations in order to make clear judgments. For
Olympus to accomplish a robust revitalization, I am committed to giving the management
team my full support to ensure that the strategy for business execution is appropriate for
the operating environment moving forward.
Outside Director
Shiro Hiruta
The most important factor in corporate governance is not the specific structure of
the governance system, in and of itself, but rather, how effectively the system is
implemented. In the case of Olympus, I believe that fully independent outside
directors with a diversity of management experience and expertise are essential for
corporate supervision and management guidance, including vigilance against insular
corporate values and decision-making. In my own role, I pledge to work diligently to
help rebuild Olympus and set it on a path of sustainable growth.
Outside Director
Sumitaka Fujita
Comments from Outside Directors
OLYMPUS 󱚈 Annual Report 2012
18