At the beginning of the session, the participants discussed 3M's sense of values on technology and examined how changing business environments had impacted those values.
We see the following five management environments as the areas that we need to focus on from a mid- to long-term perspective. Corresponding to such environments, we have stipulated five basic management strategies.
But laws and regulations on the investment and business environment have not kept up with those changes in some respects, and global standards have not been adopted in many areas.
Along with encouraging Outside Directors to understand the Company's Management Policy and corporate culture, the Company shall share information about the management environment, etc., on an ongoing basis.
With respect to dividend policy, while maintaining its basic policy of stable dividends, the Company has decided on the dividend amount after making a comprehensive assessment of business performance and improvement of financial position and the management environments.
Against the backdrop of financial globalization and advances in information and communication technology, individual financial institutions need to flexibly adjust to changing business environments.
In order to navigate this challenging business environment, we will transform our existing culture focusing on achieving single-year budgets into achieving the mid-term management plan based on group-wide and mid- to long-term perspectives.
This time discussions focused on case studies of individual automakers' labor-management efforts to cope with globalization, the management environment in Indonesia, and recent labor-management dispute cases and JCM efforts.
The specific amount of dividends will be determined taking into consideration the need to secure internal reserves for business development, and also comprehensively considering the business environment and other factors.
In light of changes in the management environment, the social environment, laws, regulations and the latest trends in risk, we will perform appropriate reviews of this basic policy and continually make improvements.
We will review the compliance program for personal information protection in light of the business environment as necessary, continuously improve and endeavor to maintain appropriate management.
In May 2012, to attain further growth by responding flexibly to the changes in the management environment after the Lehman crisis, we have formulated a Long-term Vision that integrates the ideal image of our goals for FY2020.
We provide training for newly appointed managers, classroom-based training and training for selected employees. We thus support the professional growth of employees at every level with training appropriate for the business conditions of a trading company.
A9 Our company regards the appropriate return of profits to stockholders as one of the primary management assignments and makes it a basic policy to attempt at active profit returns, while taking into general consideration future management environments and industry trends.
Out of a sense of danger that it will be difficult for the Group to survive if it adheres to traditional approaches in an era of dramatic change in the business environment, during the two and a half years since I became president I have advocated business process and business model transformation.
For the MCHC Group to achieve sustained growth in these circumstances, it is essential to make accurate management judgments about the future and put in place a system capable of adapting to changes in the management environment and risks.
If the business environment affecting one of our suppliers turns negative, disasters or other problems result in delayed supplies of raw materials or components, or we experience insufficient supply or sudden price increases for supplies, this may cause delays in delivery of our products or a rise in our costs if we are compelled to procure supplies from an alternative supplier.
We review as appropriate future taxable income in light of changes in the business environment and other conditions. However, if the review results in a determination that the full amount or a partial amount of deferred tax assets cannot be recovered, a reduction in deferred tax assets may adversely affect results of our operations or our financial condition.
Faced with this situation, and given the rapid worsening of the business climate and outlook for performance in the wake of the global economic downturn, Daihatsu has decided to implement a policy of further strengthening its main businesses and revising its projects from the perspective of prioritizing and centralizing its business resources, as well as to revamp its product brands in China.
As a system introduced to reinforce the national competitiveness and to promote the foreign investment through the improvement of the management environment for the foreign investment companies, the living conditions of the foreigners, etc, the free economic zone refers to the special economic district built to provide the optimal environment for the international management activities of the enterprise demanded according to the progress of the globalization.
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