The Ricoh Group strives to enhance corporate governance in order to retain the confidence of all stakeholders
The Ricoh Group has established the RICOH Way, a set of guiding principles and values that serves as a foundation for its business activities. Abiding by these principles in corporate ethics and legal compliance and maintaining adequate transparency in corporate management, the group strives to continuously improve its corporate governance system, through which it ultimately aims to enhance its competitiveness.
In the Ricoh Group, we strongly believe that in global corporate activities, a corporate culture that embraces both a sense of mission to meet expectations of diverse stakeholders and a lofty sense of ethics that remain in line with the common sense values of society provides us with discipline to guide our actions. Based on this belief, we maintain and improve our corporate culture under the RICOH Way.
According to this concept, the Ricoh Group is committed to enhance and promote the corporate governance system while working hard to achieve sustainable business growth and increase corporate values.
The Ricoh Group has also introduced the corporate audit system, in which corporate auditors improve effectiveness of audits and monitoring functions of top management while the board of directors, including outside directors, strengthens oversight functions so that transparency in corporate management and fair decision-making is maintained. Furthermore, by expanding the executive officer system, the segregation of duties between oversight and business execution is better clarified, which results in speedier decision-making.
The Group also implements the integrated risk management system for uncertainty related to both business opportunities and to the execution of business operations, while building and utilizing an internal control procedure for the purpose of making its own strategies and business targets more functional and achieving them.
In this globalized world, everyone is required to compete against various players in the same field regardless of whether you like it or not.
The world is vast, and in societies around the world, diverse cultures and senses of value exist. Equally diversified are the philosophies of corporate management.
Many companies in the world operate extremely dynamically at a completely high speed. Other companies pursue immediate victory rather than perpetual survival, and race in bursts of explosive movement. In this globalized world, everyone is required to compete against various players in the same field regardless of whether you like it or not. What I always keep in mind as an outside director, is to consider matters from a shareholder's perspective, and extract essence from the background story behind each proposal submitted to Ricoh's board and point out issues or make recommendations that I believe are important. In addition, I aim to work as a catalyst for free and open-minded discussions under pressure to ensure that the board engages in productive meetings. Ricoh has established key businesses that are firm and stable. By further advancing and sophisticating these key businesses, which will strengthen the corporate foundation, Ricoh will be able to add extra funds and time to build a new core business that will underpin its prosperity 30 or 40 years into the future. I have great expectations for Ricoh's future.
Reason for his appointment and his current activities at Ricoh
- Reason for his appointment
- Mr. Umeda has advanced knowledge in the area of information technology and experience in global business. We expect him to fully utilize his capacity to scrutinize our decision-making process and make recommendations based on an external viewpoint.
- He attended nine of the ten board meetings held in the term ended March 2012. (Attendance rate: 90%)