Corporate Social Responsibility (CSR) |
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DISCO has adopted a corporate auditor-based system of corporate governance by which we have established a board of directors and board of auditors within the company. All five are independent auditors, ensuring fairness and neutrality.
We have six directors, a relatively small number, to ensure flexible, agile decision making on managerial matters. We have established the Compensation Committee in order to deliberate on and make appropriate recommendations regarding the remuneration for directors. The committee is made up of current and former directors and guided by the first principle of our system of compensation, which stipulates that directors are to share profits with shareholders. In fiscal 2006, we established an internal control system and since then have continued to make improvements ahead of starting internal control over financial reporting under the Japanese Financial Instruments and Exchange Act introduced in March 2009.
Additionally, in fiscal 2010 we built a dedicated organization which supervised the internal control activities and promoted activities that disseminate the concept and significance of internal control as well as highlights of internal control evaluation.
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