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Corporate Governance
Management systems that
ensure trustworthy corporate governance
At Mazda, we are aiming for improved transparency in management and swift decision-making, and as such we are
implementing a wide range of measures that promote excellence in corporate governance.
High level of transparency for efficient management structures
Mazda is governed by its shareholders' meeting, its board of directors, its
auditors and other legal agencies, and implements the necessary
management conferences to establish important company-wide policies
and strategies, and issue reports necessary for management. In addition,
we utilize a variety of advisors to feed into the president's decisionmaking.
We have a system of executive directorship, and have separated
the management and executive level decision-making processes, which
allows the improved efficiency of our board of directors in their role as an
auditing body, while speeding up the decision-making process, by
improving judgment calls among the board, and giving authority to the
executive level members. This gives an increased level of excellence to our
Management
management efficiency.
Advisory Committee
Mazda holds meetings of its Management Advisory Committee, comprising
external persons of influence and the members of the board of directors,
four times per year. The high standard of specialist knowledge and
awareness of each of the Committee members ensures a global viewpoint
that allows opinions to be gathered from across a wide range, which are
reflected in Mazda's management and contribute to increased
transparency.
The executive / auditing structure
Auditing system
Mazda's board of auditors is comprised of five auditors, including
three external auditors, and each auditor is given an individual role of
monitoring a particular section of the annual plans, and the decisions
made by each of the directors during that period. The internal auditing
is carried out by the Auditing Division, which aims to contribute to
healthy management and efficiency through monitoring the
compatibility of the company, and our affiliates, with our business
objectives, policies and plans, as well as compliance with various
regulations and laws. Accounts auditing is carried out with a
contracted auditor company. Our auditors, as well as the Auditing
Board, the Auditing Division and the auditing company, meet regularly
to ensure consistency.
General Meeting of Shareholders
Select
Select
Board of Corporate Auditors
Audit
Board of Directors
Direction
Consultation
Management Advisory Committee
Audit
Representative Director
Consultation
Executive Commitee Meeting
Other advisory bodies
Executive Officers
Division General Managers etc.
Glossary: 1
Information about directors
Of the nine Mazda directors, five were promoted from
inside the company, and four were employed from other
firms. Eight of the nine are also executive officers, and
one is the chairman and representative director.
Social & Environmental Report 2005