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The Tamura Group is enhancing corporate governance through management to help maximize corporate value. |
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Shareholders are of fundamental importance to management within the Tamura Group, and it is with them in mind that we aim to achieve management compliance with a team possessing a keen sense of responsibility and sound ethical standards. Improving the efficiency and transparency of management to maximize corporate value is therefore the basis of our corporate governance policy. |
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Board of Directors and system of executive officers |
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As a means to avoid inconsistencies between management decision-making and executive functions, the directors of the board for the Tamura Group take on executive roles with responsibility over each of the business divisions under a “system of executive officers.” Efficient implementation of business operations by the directors is ensured through monthly convening of the Board of Directors, as well as executive meetings held about eight times annually, which are attended by both directors and division officers who discuss matters relating to the operations of the Group and the monitoring of management. |
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System of statutory auditors and internal auditing |
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The Board of Auditors comprises three statutory auditors (including two outside auditors) whose auditing tasks include attendance at Board of Directors meetings and executive meetings, listening to operation reports by directors and executives, inspection of documents requiring authorization, and examination of the operation and the financial standing of the main business facilities. The Internal Audit Office works in conjunction with the statutory auditors to conduct internal audits each year of domestic and overseas bases covering the Head Office and its Group companies in line with an annual audit plan. |
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The Tamura Group acknowledges “stable and efficient management,” “appropriate accountability,” and “compliance with laws and regulations, as well as in-house rules,” as the objectives of internal systems established to enhance management control. “Risk management,” “compliance,” and “internal auditing” have been identified as methods for achieving these objectives with structures being put in place accordingly. |
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In FY2010, evaluation of the Tamura Group was performed based on the company-wide evaluation results of internal controls, including those of 22 consolidated subsidiaries. In addition, for major business office and factories, evaluations of operation processes were also performed. As a result, The Tamura Group's internal controls concerning the financial reports were judged to be valid. |
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(C) TAMURA Corporation, All rights reserved. |
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