Omron 2004 Annual Report Download - page 5

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3
equal access to health care, education, and other fundamental human rights, will thus be addressed. A con-
crete example might be automobiles capable of sensing potentially hazardous conditions in the surrounding
environment that automatically avoid accidents. The SINIC Theory posits that machines will conform to the
requirements of humans, not vice versa, in the Optimization Society. In the coming Optimization Society, there-
fore, the Omron Group’s mission will be to contribute to satisfying social needs centered on peace of mind,
safety, and environmental conservation by leveraging our sensing and control technology strengths to achieve
a “best match” between human requirements and machine capabilities.
TOWARD WELL-ESTABLISHED CORPORATE GOVERNANCE
The Company’s introduction of an internal company system and a managing officer system in 1999 was aimed
at separating the roles of corporate management and actual business operations. In an effort to reinforce the
management oversight function, Omron increased the number of outside directors and outside corporate
auditors as well as established within the Board of Directors the Compensation Advisory Committee, which is
chaired by an outside director, as is the Personnel Advisory Committee. At the same time, in order to provide
greater disclosure of information to stakeholders we began making quarterly presentations of our financial
results.
Responding to stakeholders’ expectations in my role as Chairman of the Board of Directors, I place the
highest emphasis on three specific elements of corporate governance: fulfilling management accountability,
achieving management transparency and strengthening disclosure, and pursuing high business ethics. To fur-
ther strengthen the Group’s competitiveness in the global business environment and thereby achieve our man-
agement goal of maximizing long-term corporate value, we are committed to enhance our corporate gover-
nance system to enables us to respond quickly to changes in the business environment.
July 2004
Yoshio Tateisi
Chairman of the BOD