About Company | Corporate Governance - Sumitomo Metal Industries, Ltd.

Basic Policy

Sumitomo Metals aims at achieving a sustained increase in corporate value based on Sumitomo’s Business Spirit, that “places prime importance on sound management,” and emphasizes “not to pursue immoral business,” and ”to benefit the nation and society.” In order to achieve our aim, we have built an organization that ensures proper performance in decision-making, execution of business, and oversight. We are also improving corporate governance to ensure compliance in management practices, improved efficiency and heightened transparency.

Corporate Govenance Report　

Management, business execution, and auditing system

The general meeting of shareholders is the basis of our corporate governance structure. We welcomed 1,439 shareholders to our 88th-term annual meeting held on June 17, 2011.
The executive officer system has been adopted to clarify lines of management responsibility, promote quick decision-making, and achieve deeper discussions at Board Meetings.
Our 5 auditors, including 3 outside auditors, provide oversight and ensure that our internal control system satisfies the requirements of Japan’s Companies Act. The Internal Auditing Department audits the business operations of the company and major group companies in Japan and overseas.
Our auditors, Internal Auditing Department, and certified public accountant (Deloitte Touche Tohmatsu-Japan) exchange information on an ongoing basis, in connection with audit planning, implementation, reporting, and follow-up measures.