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31 Sharp Annual Report 2008
Corporate Governance
Basic Concept Concerning Corporate
Governance
Sharp has always been a manufacturing and technology
oriented company. In an effort to further strengthen manufac-
turing competency, Sharp is committed to improving the
speed and quality of managerial decisions. Our business
activities are limited to the development, production and sales
of products and devices, which have a strong interrelation
and require high expertise. This enables our directors, who
are highly adept at business, to make swift and accurate
management decisions through the mutual exchange of
ideas. It also serves to clarify reciprocal managerial responsi-
bilities and promote mutual supervisory functions. We have
also introduced the Executive Officer System, creating a
structure that steadily facilitates nimble, efficient business
execution. Sharp seeks to further strengthen the current
Director/Corporate Auditor System, which allows manage-
ment and manufacturing divisions to work very closely,
enabling the business to expand. Sharp works to enhance
its corporate governance through this system.
Status of Corporate Governance System
The Board of Directors meetings of Sharp Corporation are
held on a monthly basis to make decisions on matters stipu-
lated by law and management-related matters of importance,
thereby exercising its oversight responsibility over its business
affairs. To improve management agility and flexibility, and to
clarify the responsibilities of company management during
each accounting period, the term of office for members of
the Board of Directors is set at one year.
In addition to the Board of Directors, the company has the
Executive Management Committee, where matters of impor-
tance related to corporate management and business opera-
tion are discussed and reported twice a month. Through this
committee, executive decisions are made promptly. To further
strengthen our operational and business execution system,
we instituted the Executive Officer System on June 24, 2008.
The Board of Corporate Auditors formulates audit policies,
listens to reports from accounting auditors, and receives
Sharp seeks to enhance the transparency, soundness and effectiveness of
management through a corporate governance system that intimately unites
management and manufacturing divisions.