Ricoh 2012 Annual Report Download - page 22

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Ricoh Group Sustainability Report 201221
Corporate Governance
The Ricoh Group strives to enhance corporate governance in
order to retain the confidence of all stakeholders
The Ricoh Group has established The RICOH Way, a set of guiding
principles and values that serves as a foundation for its business
activities. Abiding by these principles in corporate ethics and legal
compliance and maintaining adequate transparency in corporate
management, the group strives to continuously improve its corporate
governance system, through which it ultimately aims to enhance its
competitiveness.
In the Ricoh Group, we strongly believe that in global corporate
activities, a corporate culture that embraces both a sense of mission
to meet expectations of diverse stakeholders and a lofty sense of
ethics that remain in line with the common sense values of society
provides us with discipline to guide our actions. Based on this belief,
we maintain and improve our corporate culture under The RICOH Way.
According to this concept, the Ricoh Group is committed to
enhance and promote the corporate governance system while
working hard to achieve sustainable business growth and increase
corporate values.
The Ricoh Group has also introduced the corporate audit system,
in which corporate auditors improve effectiveness of audits and
monitoring functions of top management while the board of directors,
including outside directors, strengthens oversight functions so that
transparency in corporate management and fair decision-making is
maintained. Furthermore, by expanding the executive officer system,
the segregation of duties between oversight and business execution
is better clarified, which results in speedier decision-making.
The Group also implements the integrated risk management
system for uncertainty related to both business opportunities and to
the execution of business operations, while building and utilizing an
internal control procedure for the purpose of making its own strategies
and business targets more functional and achieving them.
■ The Ricoh Group’s corporate governance
Corporate governance system under Japanese company law
Mechanism of business
execution
Customers
Suppliers
Society
Employees
Divisions responsible for the execution of business
Corporate auditors
Corporate governance
Board of directors
President and chief
executive officer
Group management committee
External auditors
Shareholders
Corporate culture
Organization
Meaning of symbols:
Stakeholders
Organizational governance Fair operating practices
Corporate Governance ISO 26000