Basic Stance for Corporate Governance
Basic Stance for Corporate Governance of the Company
At the OMRON Corporation and its affiliated companies (hereinafter referred to as the "OMRON Group"), corporate governance is defined as the system of processes and practices based on the OMRON Principles and the OMRON Management Philosophy. The system is intended to ensure transparency and fairness in business and speed up management decisions and practices. This is done by connecting the entire process from oversight and supervision all the way to business execution in order to boost the OMRON Group's competitive edge. OMRON's corporate governance also involves building such a system and maintaining its proper function. The ultimate objective is to achieve sustainable enhancement of corporate value by earning the support of all stakeholders.
In accordance with this basic stance, the OMRON Group has set forth the following corporate governance policies (hereinafter referred to as the "Policies") as the foundation for the Group's pursuit of continuous improvement of its corporate governance.
OMRON Principles
Our Mission
To improve lives and contribute to a better society
Our Values
- Innovation Driven by Social Needs
Be a pioneer in creating inspired solutions for the future. - Challenging Ourselves
Pursue new challenges with passion and courage. - Respect for All
Act with integrity and encourage everyone's potential.
Management Philosophy
We believe a business should create value for society through its key practices.
We are committed to sustainably increasing our long-term value by putting Our Mission and Values into practice.
- We uphold a long-term strategy in our business practices to create solutions to society's needs.
- We operate as a truly global company through our fair and transparent management practices.
- We cultivate strong relationships with all of our stakeholders through responsible engagement.
Message from the Chairman of the Board of Directors
As Chairman of the Board, I will continue to evolve governance from diverse perspectives, working with internal and external Directors who have a wealth of experience. And by further evolving the oversight functions, we will accelerate the transfer of authority to the executive side and encourage high cycle business operations. In management, I have positioned the OMRON Principles as the origin of both the unifying force and the driving force of OMRON’s development. As Chairman, I will continue this approach while monitoring and supporting the executive team. I will ensure that the Board of Directors meetings are opportunities for sound and constructive discussion. Working together with the executive team, the Board of Directors will strive for sustainable enhancement of corporate value.