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Ricoh Group Sustainability Report 201331
Think tank function
(provide information)
Reflect
findings on
global
management
Feedback from the
results of practices
Cycle of research and
practices
Advisory function
(Advice and
proposals)
Research findings
Ricoh Institute of Sustainability and Business
Advisory members
Research fields
Economics Social
structure
Industry
and
businesses
Environ-
ment,
resources,
energy
President Advisors
Ricoh
top
management
Apply findings
to corporate
practices
➤ WEB฀
Form 20-F: www.ricoh.com/IR/financial_data/sec_filings/
➤ WEB฀1฀Ricoh฀Institute฀of฀Sustainability฀and฀Business
:
www.ricoh.com/RISB/
The฀Ricoh฀Institute฀of฀Sustainability฀and฀Business฀has฀two฀think฀
tank฀functions:฀to฀anticipate฀future฀socioeconomic฀trends฀and฀
gauge฀their฀potential฀impact฀on฀corporate฀management;฀and฀
to฀ raise฀ issues฀ and฀ offer฀ advice฀ to฀ the฀ top฀ management฀ of฀
Ricoh฀based฀on฀its฀research.฀
฀ The฀ Institute฀ enables฀ Ricoh฀ to฀ gain฀ an฀ accurate฀
understanding฀of฀structural฀transformations฀taking฀place฀in฀
society฀and฀the฀economy฀that฀underlie฀ongoing฀changes฀to฀
the฀business฀environment.฀At฀the฀same฀time,฀the฀Institute฀
conducts฀independent฀analyses฀of฀Ricoh’s฀specic฀business฀
conditions฀ and฀ explores฀ issues฀ reected฀ in฀ medium-฀ and฀
long-term฀ management฀ strategies.฀ The฀ latter฀ includes฀
objectives฀for฀corporate฀contributions฀to฀the฀resolution฀of฀
universal฀ problems฀ such฀ as฀ global฀ warming,฀ how฀ the฀
company฀ should฀ respond฀ to฀ global฀ competition,฀ and฀ the฀
search฀ for฀ a฀ new฀ growth฀ model.฀ Through฀ this฀ cycle฀ of฀
research฀tied฀ to฀ corporate฀ initiatives,฀we฀seek฀to฀sharpen฀
our฀competitive฀edge฀while฀gaining฀further฀trust฀from฀the฀
international฀community. ➤ WEB฀1
Board฀of฀Directors
Maximum number of
directors: 15
Current number of
executives: 10 (including
2 outside directors)
Term: 2 years
Audit and Supervisory
Board฀Members
Maximum number of
directors: 5
Current number of
executives: 4 (including
2 outside directors)
Term: 4 years
(As฀of฀June฀21,฀2013)
Management structure
•฀฀The฀Ricoh฀Group฀has฀introduced฀a฀corporate฀฀ ฀
audit system.
•฀The฀Board฀of฀Directors฀is฀responsible฀for฀฀ ฀
management oversight and important decision-
making฀concerning฀Group฀management.฀By฀
appointing highly independent outside directors,
the Group ensures greater transparency in its
management and decision-making.
•฀฀฀
Two฀of฀the฀Board’s฀10฀directors฀are฀outside฀฀ ฀
directors — part of an effort to incorporate various
views and opinions and to eliminate arbitrary
decision-making in management.
•฀To ensure a clear separation between
management oversight and business execution,
internal regulations stipulate that the chairman of
the company — who in principle is not involved in
the management of the business — serves as the
chair฀of฀the฀Board฀of฀Directors.
•฀฀
Audit฀and฀Supervisory฀Board฀Members฀hold
discussions to determine audit and supervising
policies and the assignment of duties, and monitor
corporate management.
•฀฀
Audit฀and฀Supervisory฀Board฀Members฀attend฀all฀
important meetings, including but not limited to
฀ ฀Board฀meetings,฀and฀exchange฀information฀regularly฀
with the representative directors.
•฀฀
The฀Audit฀and฀Supervisory฀Board฀Members฀Ofce,฀
with designated support staff, has been established
to ensure that the corporate auditors can work
effectively.
•฀Under the executive officer system, the
authority to carry out business has been assigned to
respective functional departments so as to expedite
decision-making and clarify the roles of each
department.
Group Management Committee
The Group Management Committee (GMC) consists
of executive officers and is a decision-making body
empowered฀by฀the฀Board฀of฀Directors.฀The฀GMC฀
facilitates deliberations and renders decisions on the
Group’s overall management from the perspective of
total optimization.
Nomination and Compensation Committee
The Nomination and Compensation Committee — a
unique permanent organ consisting of two outside
directors and three internal directors — plans the
appointment/dismissal policy of directors and executive
officers as well as their compensation packages.
Internal auditing
The Internal Management & Control Division, which is
in charge of internal auditing, objectively reviews and
assesses the status of business execution by respective
business divisions according to clearly defined
rules to ensure legal compliance and adequacy
of execution practices. It also provides advice and
recommendations for improvement. The results are
regularly reported to the GMC’s Internal
Control Committee.
Ricoh Institute of Sustainability and Business
•฀฀฀Board฀of฀Directors
Audit and Supervisory
Board Members