Business Management System
Speedy Decision-Making with the Right Checking Mechanisms
The Olympus Board of Directors, consisting of 15 directors, including three from outside the company, meets once a month to debate and decide on the course of the company's business strategies and other important matters in a timely manner, and to supervise business operations. By limiting the term of office for directors to one year, clear accountability is assured since every director's achievements can be assessed annually. Also, the Executive Management Committee is held three times a month to assist the Representative Director in making decisions.
Our corporate governance structure is strengthened through the adoption of the Executive Officer System under which the decision-making and supervisory role of the Board of Directors is separated from the operational executive role of the executive officers.
Olympus appoints four corporate auditors, two of whom are from outside the company, under the corporate auditor system. A meeting of auditors is held monthly and, in addition, the auditors also attend the Board of Directors' meetings and other important meetings. Also, exchanging views with directors, executive officers, accounting auditors, and the Internal Audit Department is another important role of the auditors.
Corporate governance system
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