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We have determined, based on the discussions by the Management Revitalization Committee, the
basic policy of our corporate governance system described below.
Toshiba’s Governance System
Shinzo Maeda
Chairman of the Board
Message from the Chairman of the Board
Toshiba is embarking on far-reaching reform of corporate governance,
including a change in the composition of the Board of Directors that will make
outside directors account for the majority. Though mindful of the weighty
responsible I bear as an outside director, I welcome this opportunity to
contribute to Toshiba’s initiatives to achieve another round of growth. I would
like to help Toshiba regain the confidence of its shareholders and customers
as soon as possible, and to see it become an exemplary enterprise whose
service to the society surpasses its previous achievements.
For this purpose, it is crucially important to ensure that corporate
governance geared to Toshiba’s current needs functions effectively. The
essence of governance is not just to establish a framework but to make it
work. Through in-depth discussion on the nature of the governance Toshiba
requires, I would like to help ensure robust and effective governance that is
conducive to Toshiba’s realization of its tremendous potential in the
marketplace in socially beneficial ways.
Simply changing the management team is not enough to reform a
company. Individual employees are the principal agents of reform. They are
the source of Toshiba’s value creation. By helping to ensure that the
management team creates an environment that encourages ethically-
grounded initiatives, I will endeavor to make Toshiba an enterprise where
employee growth and the Company’s growth advance hand in hand.
Board of Directors meeting
Corporate Governance
41 TOSHIBA Annual Report 2015