Ricoh 2013 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2013 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 98

  • 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

Ricoh Group Sustainability Report 2013 32
➤ WEB฀2฀
Investor Relations
:
www.ricoh.com/IR/ ➤ WEB฀3฀The฀113th฀Ordinary฀General฀Meeting
:
www.ricoh.com/IR/events/gm_20130621.html
➤ WEB฀4฀IR Presentations
:
www.ricoh.com/IR/events/index2.html
Interacting with shareholders and investors
[General฀meeting฀of฀shareholders]
We฀review฀and฀revise฀our฀notications฀of฀shareholder฀meetings฀and฀other฀materials฀as฀necessary฀to฀improve฀shareholder฀understanding฀of฀our฀
business฀activities.฀We฀introduced฀the฀online฀Electronic฀Proxy฀Voting฀system฀to฀make฀voting฀more฀convenient฀for฀shareholders.฀We฀also฀hold฀a฀
social฀gathering฀for฀executives฀and฀shareholders฀after฀each฀general฀shareholders฀meeting.
[Various฀explanatory฀meetings]
Our฀CEO฀regularly฀holds฀meetings฀to฀explain฀Ricoh’s฀mid-term฀management฀strategy฀and฀the฀progress฀of฀its฀implementation฀to฀investors.฀We฀
also฀hold฀meetings฀to฀explain฀our฀quarterly฀nancial฀results฀in฀detail.
[IR฀site฀expansion]
Materials฀related฀to฀general฀meetings฀of฀shareholders,฀investor฀meetings฀
and฀nancial฀announcements฀are฀uploaded฀as฀they฀become฀available฀on฀
our฀Investor฀Relations฀site฀for฀the฀benet฀of฀shareholders฀and฀investors฀un-
able฀to฀attend฀related฀events.฀Ricoh’s฀Investor฀Relations฀site฀was฀awarded฀
the฀Internet฀IR฀Best฀Company฀Award฀by฀Daiwa฀Investor฀Relations฀Co.,฀Ltd.฀
in฀Japan฀in฀2012.฀
[Communicating฀with฀shareholders฀and฀investors]
Ricoh฀organizes฀various฀events฀for฀shareholders,฀including฀social฀gather-
ings,฀tours฀of฀our฀business฀ofces฀and฀explanatory฀meetings฀to฀introduce฀
the฀company’s฀cultural฀and฀sports฀activities.฀(These฀kinds฀of฀events฀were฀
held฀six฀times฀in฀scal฀2013.)฀We฀also฀hold฀meetings฀with฀over฀400฀world-
wide฀institutional฀investor฀rms฀annually. ➤ WEB฀฀2,฀3,฀4
External auditing
Ricoh has formulated a set of guidelines called the
“Policy and Procedures for Prior Approvals for Audit
and Non-audit Services.” In accordance with these
guidelines, advance approval must be obtained from
the฀Audit฀and฀Supervisory฀Board฀Members฀concerning฀
the details of and fees for auditing contracts.
Executive compensation
In its pursuit of increased shareholder value, the
Ricoh Group employs executive compensation as an
effective incentive to achieve a sustainable increase in
corporate earnings over the medium and long term.
฀ The฀base฀salary฀of฀Board฀directors฀consists฀of฀
remuneration related to management oversight,
remuneration reflecting the importance of 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. The
Ricoh Group has been strengthening incentives for
executives to increase shareholder value over the long
term by allocating a portion of remuneration for stock
repurchase so that executives will have a common
interest with shareholders.
The amount of bonuses paid to directors is based
on the attainment of key performance indicators —
such as sales, operating income and ROA — that
pertain to shareholder value and the company’s
competitiveness.฀Proposed฀bonuses฀for฀the฀Board฀
of Directors are brought before the general
shareholders meeting for approval.
Compensation paid to the Audit and Supervisory
Board฀Members฀is฀comprised฀solely฀of฀remuneration฀
for their auditing duties.
•฀Executive฀compensation
16
3
4
2
20
572
26
76
14
648
572
26
76
14
648
—
—
—
—
—
Directors
Outside Directors
Audit and Supervisory
Board Members
Total
Outside Audit and
Supervisory Board Members
Number
(People)
Base salary
(¥ million)
Total
(¥ million)
Bonus
(¥ million)
(Compensation for external accounting auditors)
Ricoh verifies the appropriateness of time spent on
auditing together with audit firms and certified public
accountants (CPA), taking into consideration the scale
and characteristics of our businesses to determine
final compensation for auditing services.
•฀Compensation฀for฀auditing฀by฀external฀accounting฀auditors
(For฀the฀year฀from฀April฀1,฀2012฀to฀March฀31,฀2013)
(For฀the฀year฀from฀April฀1,฀2012฀to฀March฀31,฀2013)
Overview Action Data & Profile
Governance
1,028
112
1,140
Total
¥ million
Compensation for auditing services
Compensation for non-auditing services
ISO26000 : •฀Organizational฀governance฀฀•฀Fair฀operating฀practices฀฀