The IDEC Group believes that transparency and management efficiency for stakeholders are fundamental elements of corporate governance.
The Group will keep improving corporate governance in order to increase corporate value.
Under the principle of "management with respect for humanity," the IDEC Group bases its management on "contributing to society and economy through business activities."
In order to achieve happiness for the people involved in our Group through our activities to "meet our customers' needs and contribute to society by fully using control technology," we strive to fully embody open and sound management.
The IDEC Group believes that securing management transparency and efficiency for all our stakeholders is the basis of corporate governance. To this end, we implemented the corporate officer system in 1998.
We clarify our system wherein the CEO or executive officers who have been transferred authority from the CEO primarily carry out the execution of work, and the Board of Directors primarily makes decisions in management and supervises the execution of work performed by the CEO or executive officers.
This not only separates the functions for work execution from supervising, but also aims for efficient management.
Also, to ensure even further management transparency, we actively assign and appoint external officers such as external directors and external auditors, further improving the supervisory and auditing function for the execution of work.
See here for an introduction of our efforts involved in compliance.
See here for an introduction of our risk management system and structure for consultation and whistle-blowing.