Sony Corporate Governance
Sony Corporate Governance
Sony Corporate Governance
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u Sony has introduced its own system to help
improve the soundness and transparency of its
governance by strengthening the separation of the
Directors' function from that of management and
advancing the proper functioning of the statutory
committees.
u Sony Corporation is governed by its Board of Directors
u The Board has three committees (the Nominating
Committee, Audit Committee and Compensation
Committee), consisting of Directors named by the
Board of Directors. Corporate Executive Officers are
appointed by resolution of the Board of Directors. In
addition to these statutory body and positions, Sony
has Corporate Executives who carry out business
operations within designated areas.
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u Sony Corporation has an internal audit division,
which coordinates closely with the internal audit
departments of major subsidiaries around the
world to promote Sony Group's internal audit
activities on a global basis. The Sony Corporation
internal audit division makes periodic
presentations and submits monthly reports to the
Audit Committee.
u At a Board meeting held on ¦ay 13, 2009 the
Board of Directors reaffirmed such internal control
and governance framework, as slightly amended,
in effect as of the date of determination and
determined to continue to evaluate and improve
such amended framework going forward, as
appropriate. This determination was required by
and met the requirements of the Companies Act.