Ricoh 2012 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2012 Ricoh annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

Ricoh Group Sustainability Report 2012 24
Top Message About us Our Activities
Corporate Governance
Data
General meeting of shareholders
With the aim of obtaining better understanding from shareholders,
we continuously review and revise our notification of shareholder
meetings and attached materials whenever necessary. To enhance
shareholders’ convenience, we introduced the Electronic Proxy
Voting Platform for shareholders to exercise their voting rights
via the Internet. A social gathering between executives and
shareholders is held after a general shareholders meeting.
Various explanatory meetings
The CEO regularly holds an investor meeting on Ricoh’s mid-term
management strategy and the progress of its implementation in
the attendance of shareholders. In addition, meetings are held to
explain in detail about our quarterly financial results.
Expansion of IR site
Materials related to general meetings of shareholders, investor
meetings, and financial announcements, are swiftly uploaded as they
become available on our Investor Relations site for the benefit of
shareholders and investors who are unable to attend related events.
Ricoh’s Investor Relations site was awarded a 2011 Internet IR Best
Company Award in Japan, by Daiwa Investor Relations Co., Ltd.
Communication with shareholders and investors
In addition to holding social events with shareholders, Ricoh
organizes various events for shareholders, including tours of our
business offices and explanatory events to introduce the company’s
cultural and sports activities (such events were held six times in
fiscal 2012). We also hold meetings with both in Japan and overseas
institutional investors (over 400 firms annually).
Communication with shareholders & investors
takeholder Communication
S
[Executive compensation]
At the Ricoh Group, executive compensation is employed as an effective
incentive to achieve a sustainable increase in corporate earnings in the
pursuit of increased shareholder value.
The base salary of board directors consists of remuneration
pertaining to management oversight, remuneration reflecting the
importance of their individual roles and responsibilities, remuneration for
the purpose of purchasing treasury stocks (except for outside directors),
and variable remuneration linked to stock price performance during
the relevant fiscal year. Ricoh has been strengthening its incentives for
increasing shareholder value by allocating a portion of remuneration for
stock repurchase so that there will be a common shareholder viewpoint
among directors.
The amount of bonuses paid to directors is determined based on
the achievement of key performance indicators such as sales, operating
income, and ROA, which pertain to shareholder value and the company’s
competitiveness. Proposed executive bonuses are brought before the
ordinary shareholders meeting for approval.
Compensation of corporate auditors is comprised solely of
remuneration for their auditing duties.
[Compensation for auditing by external auditors]
Ricoh verifies the adequacy of time spent for auditing together with audit
firms and certified public accountants (CPA) taking into consideration the
scale and characteristics of our businesses regarding the finalization of
compensation for auditing.
■ Executive compensation ■ Compensation for auditing by external auditors
12
2
5
2
17
438
21
74
14
513
438
21
74
14
513
—
—
—
—
—
Directors
Outside Directors
Corporate Auditors
Total
Outside Corporate
Auditors
No.
(People) Base salary
(¥ million) Total
(¥ million)
Bonus
(¥ million)
* For the year from April 1, 2011 to March 31, 2012
1,422
130
1,552
Compensation for auditing services
Compensation for non-auditing services
Total
* For the year from April 1, 2011 to March 31, 2012
¥ million
Notice of Resolution at The 112th Ordinary General Meeting of Shareholders
www.ricoh.com/IR/events/gm_20120626.html
WEB
IR Presentations www.ricoh.com/IR/events/index2.html
WEB
Investor Relations site www.ricoh.com/IR/
WEB
Stock Information www.ricoh.com/IR/settlement.html Stock Price www.ricoh.com/IR/index.html SEC Filings(FORM 20-F) www.ricoh.com/IR/financial_data/sec_filings/
WEB WEB WEB