Pioneer 2010 Annual Report Download - page 19
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Ensuring Appropriate Execution of Business
To ensure that employees throughout the Group share its
corporate philosophy of “Move the Heart and Touch the
Soul,” Pioneer has determined a “Group Vision Structure”
and formulated the “Rules of the Pioneer Group.”
Aimed at ensuring that the Company will remain trusted
and respected by society as a good corporate citizen, the
“Pioneer Group Charter for Corporate Operations” is fore-
most in importance. The “Rules of the Pioneer Group” also
consist of the “Pioneer Group Code of Conduct,” which
stipulates specific decision-making and behavioral standards,
rules outlining the scope of responsibility and authority for
each Group company, and rules related to compliance.
In regard to compliance, based on its “Basic Rules for
Business Ethics,” the Company has established a Business
Ethics Committee chaired by an outside director to ensure
legal compliance as well as thorough observance of the
“Pioneer Group Code of Conduct.” We have also estab-
lished an internal reporting system called the “Business
Ethics Hotline” that is independent of the normal corporate
reporting channels. All reports on violations of the “Pioneer
Group Code of Conduct” received by this hotline are dealt
with in good faith.
In addition, the Audit Division, Pioneer’s internal auditing
unit, audits the Group’s business activities in accordance with
the “Basic Rules for Consolidated Internal Audit,” to ensure
compliance with laws and internal regulations.
Pioneer’s policy regarding the elimination of anti-social
forces that threaten social order and security is stipulated
by the “Pioneer Group Charter for Corporate Operations.”
In the spirit of pursuing fair-minded corporate activities that
respect social justice, the Company resists anti-social forces
in a systematic and resolute manner in accordance with the
“Pioneer Group Code of Conduct.”
To ensure appropriate disclosure of corporate information
and the accuracy of financial reporting, Pioneer has formu-
lated the “Basic Rules on Disclosure” and the “Basic Rules
for Consolidation Accounting” with the aim of strengthening
its information management system.
Based on its “Basic Rules for Internal Control System,”
Pioneer has established an Internal Control Committee,
which is chaired by a representative director of the Company,
to enhance and bolster the risk management system for risks
associated with the Group’s businesses. The committee
devises measures to identify risks and prevent crises.
Response policies for material risks are set out in the “Rules
of the Pioneer Group” and managed systematically.
Furthermore, we have developed a system necessary for
ensuring proper operations by establishing various rules,
including the “Basic Rules for Crisis Controls,” to ensure
proper responses in the event of a crisis, and the “Basic Rules
for Authority of Group Companies,” which governs decision
making on important matters for each Group company.
Corporate Governance Structure (As of June 25, 2010)
General Meeting of Shareholders
Business Divisions and Group Companies
“Rules of the Pioneer Group”
Board of Corporate
Auditors
Audit Division
Independent
Auditor
Representative
Directors
Board of Directors
Executive Officers
Group Executive
Committee
Nominating Committee
Compensation Committee
Special Committee
Business Ethics
Committee
PIONEER CORPORATION Annual Report 2010
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