Toshiba 2012 Annual Report Download - page 49

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The Corporate Audit Division, now staffed by 52 people,
reports directly to the president. It is responsible for
internal audits from the perspectives of appropriate
operational procedures, accountability of results and legal
compliance.
The Division holds advance discussions with the Audit
Committee on each year’s audit policy and plans. It also
holds semimonthly liaison meetings with the Audit
Committee for pre-audit discussions and to share
information on the divisions subject to audit.
The Corporate Audit Division carries out on-site
inspections and reports its results to the Audit Committee.
However, if it deems it necessary, the Audit Committee has
the right to carry out its own on-site inspections.
Furthermore, in addition to receiving explanations
from independent auditors (CPA) on their audit plans at the
beginning of each  scal year, the Audit Committee can also
request reports on the status of audits during the course of
each term, and explanations and reports on end-of-year
audits, as necessary.
Name Reasons for selection Significant concurrent positions
Takeo Kosugi
Mr. Kosugi currently properly supervises the
Company’s management based on his rich
experience and knowledge as a specialist in law.
Partner & attorney-at-law, Matsuo & Kosugi;
outside auditor of Nihon Servier Co. Ltd.; outside
director of Fuji lm Holdings Corp.; supervisory
director of Mori Hills REIT Investment Corp.
Hiroyuki Itami
Mr. Itami can be expected to properly supervise
the Company’s management based on his rich
experience and knowledge as a specialist in
business administration and as a manager of a
university.
Dean, Graduate School of Innovation Studies,
Tokyo University of Science;
Outside auditor, JFE Holdings, Inc.;
Outside auditor, Mitsui O.S.K. Lines, Ltd.
Ken Shimanouchi
Mr. Shimanouchi can be expected to properly
supervise the Company’s management based on
his rich experience and knowledge as a diplomat.
Counselor, Mitsui & Co., Ltd.
Kiyomi Saito
Ms. Saito holds a Master of Business
Administration (MBA) from Harvard Business
School and can be expected to properly supervise
the Company’s management based on her rich
experience and knowledge as a top executive.
President, JBond Totan Securities Co., Ltd.;
President, the Totan Information Technology Co.
Ltd.;
Outside auditor, Showa Denko K.K.
Names and other details
Outside Directors
Status of Internal Audits and Audits by the Audit Committee
Corporate Governance
47
TOSHIBA Annual Report 2012