NITTO DENKO GROUP CSR & Annual Report 2012

CSR & Annual Report 201210Corporate GovernanceAiming at sound and transparent managementThe Nitto Denko Group believes that to enhance corporate value it is important to implement long-lasting harmonious activities involving all stakeholders. The governance model we use to realize this is illustrated in the diagram below. We have nine directors and five corporate auditors, each committed to maintaining fairness and transparency in the work that they do. Two of the nine directors and three of the five corporate auditors have been appointed to objectively carry out the function of governance with their superior insight.To ensure that the organizational system is pro- active, the Nitto Denko Group has introduced policies based on action principles in each particular field of our business. Some of the areas addressed concern: “Basic Policy on Human Rights”; “basic policy of internal control under corporate law”; “basic policy of internal control relating to financial reporting”; “Disclosure Policy”; “environmental policy”; “quality policy”; and “Basic Information Security Policy”. Not only have we devised these operational policies but we have developed our “Corporate Vision”, “Guiding Principles” and “Business Conduct Guidelines” as common guides for every employee to follow, not only as an employee of the Nitto Denko Group, but also as a member of society.Through the integration of these common guides and the company’s governance system, governance becomes effective.It is imperative that we continue to develop our human resources if the Nitto Denko Group is to continue to earn societal trust. For this reason, we embrace the ongoing training and professional development of all our employees. We conduct CSR training sessions for management-level employees and supervisors, as well as board members of the Group worldwide. Furthermore, we conduct training sessions on CSR and other relevant subject matter for every employee in the Group. We aim to develop and encourage our employees to gain confidence, a The Nitto Denko Group aims to be a sustainable enterprise, taking into consideration a balance of “economic efficiency”, “environmental acceptability” and “social adequateness”.Board of DirectorsRepresentative DirectorsCorporate Vice PresidentsCorporate Governance SystemBusiness divisions, HQ divisions, Group companiesCSR CommitteeInternal Control CommitteeCorporate Governance Departmentelections / dismissalselections /dismissalselections /dismissalsNine Directors (Two External Directors)President連携General Meeting of Shareholderselections / dismissals / supervisionMonitoringMonitoringBoard of CorporateAuditorsFive Corporate Auditors(Three ExternalCorporate Auditors)CooperationCooperationCooperationAccountingAuditorCorporate StrategyCommitteeManagement AdvisoryCommitteeCorporate Governance