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Yamaha Annual Report 2005 33
Committee include candidate selection for director, auditor and
executive officer positions, oversight of executive remuneration
issues and operation of personnel development programs for
nurturing future candidates for management positions.
The chart below illustrates corporate governance structures
and internal control systems at Yamaha.
was launched in September 2004. In addition, Yamaha has been
a constituent of the Morningstar SRI Index since its launch in July
2003. Many SRI funds in Japan include Yamaha. The company
aims to maintain its efforts regarding CSR-oriented activities.
Notes: 1. Socially Responsible Investment (SRI): Socially responsible investment is a
process that takes social, ethical and environmental criteria into account
when evaluating and selecting companies to invest in aimed at generating
stable profits. Such criteria include legal compliance, employment and per-
sonnel issues, consumer response and contribution to society and the
community, which complement conventional financial criteria.
2. FTSE: Joint venture between The Financial Times Ltd. (U.K.) and the
London Stock Exchange
mized responses to risk based on the potential degree of busi-
ness impact. The central committees involved with risk manage-
ment are the Compliance Committee, the Brand Management
Committee, the Environment Committee, the Export Screening
Committee, the Personal Information Protection Promotion
Committee and the Health & Safety Promotion Committee.
Inclusion in socially responsible investment (SRI) indices
Since March 2002 Yamaha has been a constituent of the
FTSE4Good Global Index, a leading SRI index. Yamaha was also
selected as a constituent of the FTSE4Good Japan Index when it
SelectionSelection/dismissal/auditing
Auditing
General Meeting of Shareholders
Appointment/dismissalAppointment/dismissal Appointment/dismissal
Independent
Auditors
Board of Directors
(Consisting of eight Directors, including one outside Director)
Board of Auditors
(Consisting of four members,
including two full-time auditors
and two outside auditors)
Reports
Reports
Reports
Selection
Approval of selection/reelection
Judgments regarding
appropriateness of auditing
Representative Directors (two)
Corporate Auditors Office
Compliance Committee
CSR Committee
Corporate Officer Personnel Committee
Companywide Governance Committee
Guidance
Auditing Division
Recommendations
and reports
Management Meeting
(Comprising seven
Directors and one
Senior Executive Officer)
Brand Management Committee
Environment Committee
Export Screening Committee
Personal Information Protection
Promotion Committee
Health and Safety Promotion Committee
Companywide Specialized Promotion Committees,
Promotional Headquarters, Screening Committee
Executive Officers
Comprising one Senior Executive Officer and 12 Executive Officers
Operating Divisions/Group Companies
Advice
Advice
Auditing
Risk management systems
Since different parts of the organization are typically involved in
dealing with the various types of risk that Yamaha faces, the
Yamaha Group risk management system covers the entire oper-
ations of the company and is overseen by a number of central
committees. This structure aims to facilitate dynamic and opti-