Strenghtening and Promoting the Governance System
"We adopted the Executive Officer System in June 2003 to accelerate decision making and enhance supervision and business execution. The Board of Executive Managing Officers conducts preliminary reviews of key issues to inform the Board of Directors in its deliberations as the final decision- making authority. Two corporate auditors audit the business execution performance of the directors at Sumitomo Wiring Systems to ensure the soundness and adequacy of management. The auditors attend Board of Directors meetings and other key meetings and also exchange information with the Internal Audit Department and accounting auditors to reinforce the effectiveness of our auditing."