Toshiba 2014 Annual Report Download - page 4

To Our Shareholders
I wish to deeply thank our shareholders for your strong support. I assumed the o ce of the Chairman
of the Board of Directors in June 2014. I am determined to enhance Toshiba’s corporate value, and
would like to ask for your continued strong support.
Toshiba is a company with a Committees governance system. While business operations are
carried out by Executive O cers, the Board of Directors plays the role of supervising management,
and it is working to strengthen management e ciency. In addition to the supervision of management,
the Board of Directors carries out deliberations and decision-making regarding basic management
policy and business strategies that will have a considerable impact on maximizing corporate value
from the standpoint of our shareholders. At the Board of Directors meetings held in FY2013, we
received reports from executive officers regarding business forecasts and actual results, and after
holding thorough discussions, we made decisions regarding important matters related to the
company’s basic policies such as our Medium-term Business Plan, restructuring of business groups,
and large-scale facility investments.
At the meetings of the Board of Directors we have established an appropriate balance of
supervisory and operational functions by balancing the number of directors who concurrently serve as
executive o cers and nonexecutive directors and by requiring half of the nonexecutive directors to be
outside directors. In this way, we are able to carry out our supervisory functions based on a broad level
of expertise and experience. In order to assure transparency in management, Toshiba considers it very
important to have the deep involvement of outside directors in our decision-making processes. For
this purpose, in our nomination committee, audit committee and compensation committee, outside
directors make up a majority, and the chairman’s position of the nomination committee and the
compensation committee is held by outside directors. In addition, in order for the outside directors
system to function most e ectively, each time we hold a meeting of the Board of Directors and/or a
committee meeting we make arrangements to hold a prior explanatory information session. Based on
their experience and knowledge in their respective  elds, outside directors o er us frank perspectives
that are independent of Toshiba’s ways of thinking, and their opinions are re ected in our decision-
making process. As chairman of the Board of Directors, I look forward to the further proactive
participation of our outside directors in the Board’s discussions.
Toshiba makes it our basic corporate governance policy and objective to improve the e ciency
and transparency of management and maximize corporate value from the standpoint of our
shareholders. Through our supervision of the situation of the executive o cers’ business operations
and by making decisions concerning such important matters as the company’s basic policies, the
Board of Directors will work so that we can contribute to maximizing Toshiba’s corporate value.
I sincerely ask our shareholders for your further continued guidance and support.
June 2014
To Our Shareholders
02 TOSHIBA Annual Report 2014