Annual Report 2014 51 Management Foundation Underpinning MOL: Corporate Governance and Corporate Social Responsibility Contents 52 Board Of Directors, Corporate Auditors And Executive Offi cers 54 MOL’s Approach to Governance, Safety and CSR 56 Corporate Governance 60 Risk Management 62 Safe Operation 65 Corporate Social Responsibility (CSR) 114mol_英文0730佐々木.indd4mol_英文0730佐々木.indd 5511 22014/07/30014/07/30 115:295:29 52 MItsui O.S.K. Lines Board Of Directors, Corporate Auditors And Executive Offi cers Apr. 1976 Joined Mitsui O.S.K. Lines, Ltd. Apr. 1975 Joined Mitsui O.S.K. Lines, Ltd. Jun. 2002 General Manager of Bulk Jun. 2001 General Manager of LNG Carrier Division Carrier Division (A) Jan. 2003 General Manager of Corporate Jun. 2004 General Manager of LNG Planning Division Carrier Division Jun. 2004 Executive Offi cer, General Jun. 2005 Executive Offi cer, Manager of Corporate General Manager of LNG Planning Division Carrier Division Jun. 2006 Managing Executive Offi cer Jun. 2008 Managing Executive Offi cer Jun. 2007 Director, Managing Executive Offi cer Jun. 2010 Senior Managing Executive Jun. 2008 Director, Senior Managing Offi cer Executive Offi cer Kazuhiro Sato Jun. 2013 Representative Director, Koichi Muto Jun. 2010 Representative Director, President Executive Vice President Representative Director Born 1953 Executive Offi cer (current) Representative Director Born 1953 Executive Offi cer (current) Apr. 1978 Joined Mitsui O.S.K. Lines, Ltd. Apr. 1979 Joined Mitsui O.S.K. Lines, Ltd. Jun. 2004 General Manager of Tanker Jun. 2004 General Manager of Human Division Resources Division Jun. 2006 Executive Offi cer Jun. 2007 General Manager of Liner Jun. 2008 Managing Executive Offi cer Division Jun. 2010 Director, Managing Executive Jun. 2008 Executive Offi cer Offi cer Jun. 2010 Managing Executive Offi cer Jun. 2011 Director, Senior Managing Jun. 2013 Director, Senior Managing Executive Offi cer (current) Executive Offi cer (current) Tsuneo Watanabe Junichiro Ikeda Director Born 1955 Director Born 1956 Apr. 1979 Joined Mitsui O.S.K. Lines, Ltd. Apr. 1981 Joined Mitsui O.S.K. Lines, Ltd. Jun. 2003 General Manager of Logistics Jun. 2006 General Manager of Business Division Corporate Planning Division Jun. 2008 Executive Offi cer, Managing Jun. 2008 Executive Offi cer Director of MOL Europe B.V. Jun. 2011 Managing Executive Offi cer Jun. 2011 Managing Executive Offi cer Jun. 2014 Director, Managing Jun. 2013 Director, Managing Executive Executive Offi cer (current) Offi cer (current) Masahiro Tanabe Shizuo Takahashi Director Born 1957 Director Born 1959 Jun. 2008 Director of Mitsui O.S.K. Lines, Jun. 2011 Director of Mitsui O.S.K. Lines, Ltd. (current) Ltd. (current) Jan. 2014 President of Capital Market Nov. 2012 Chairman of NWIC Co., Ltd. Promotion Foundation (current) (current) Takeshi Komura Masayuki Matsushima Director Born 1939 Director Born 1945 Jun. 2014 Director of Mitsui O.S.K. Lines, Ltd. (current) Jun. 2014 Advisor to the Board of Toshiba Corporation (current) Atsutoshi Nishida Director Born 1943 114mol_英文0730佐々木.indd4mol_英文0730佐々木.indd 5522 22014/07/30014/07/30 115:295:29 Annual Report 2014 53 Corporate Auditors Executive Offi cers Masaaki Tsuda Born 1959 Koichi Muto Takaaki Inoue Corporate Auditor President Managing Executive Offi cer (Tanker Safety Management Offi ce, MOL LNG Apr. 1981 Joined Mitsui O.S.K. Lines, Ltd. Transport Co., Ltd., Marine Safety Division) Jun. 2006 General Manager of General Kazuhiro Sato Affairs Division Executive Vice President Executive Offi cer (Assistant to President) Takashi Maruyama Jun. 2011 Corporate Auditor of Mitsui Executive Offi cer O.S.K. Lines, Ltd. (current) Tsuneo Watanabe (General Manager of Finance Division) Senior Managing Executive Offi cer Takehiko Ota Born 1960 (Tanker Division, Tanker Safety Management Akihiko Ono Corporate Auditor Offi ce) Executive Offi cer (General Manager of Corporate Planning Apr. 1984 Joined Mitsui O.S.K. Lines, Ltd. Division) Jun. 2008 General Manager of Investor Kenichi Nagata Relations Offi ce Senior Managing Executive Offi cer Jun. 2013 Corporate Auditor of Mitsui (Research Offi ce,Coal and Iron Ore Carrier Toshiyuki Sonobe O.S.K. Lines, Ltd. (current) Division, Bulk Carrier Offi ce, Dry Bulk Carrier Executive Offi cer Supervising Offi ce) (Managing Director of Mitsui O.S.K. Bulk Shipping (Asia Oceania) Pte. Ltd., Southeast Hiroyuki Itami Born 1945 Junichiro Ikeda Asia) Corporate Auditor Senior Managing Executive Offi cer Oct. 2008 Professor and Dean of Tokyo (Human Resources Division, Liner Division, Car Yoshikazu Kawagoe University of Science, Graduate Carrier Division) Executive Offi cer School of Innovation Studies (General Manager of Technical Division) (current) Masaaki Nemoto Jun. 2011 Corporate Auditor of Mitsui Senior Managing Executive Offi cer Hideo Horiguchi O.S.K. Lines, Ltd. (current) (Dry Bulk Carrier Supervising Offi ce, Tanker Executive Offi cer Safety Management Offi ce, MOL Ship (General Manager of Accounting Division) Hideki Yamashita Born 1941 Management Co., Ltd., MOL LNG Transport Co., Ltd.,Human Resources Division, Marine Safety Corporate Auditor Akio Mitsuta Division, Tanker Safety Management Offi ce) Executive Offi cer Apr. 1982 Attorney-At –Law (current) (Tanker Division) Apr. 1985 Established YAMASHITA & Masahiro Tanabe TOYAMA LAW AND PATENT Managing Executive Offi cer OFFICE Koichi Yashima (Finance Division, Accounting Division, Investor Executive Offi cer Mar. 1993 Patent Attorney (current) Relations Offi ce) (Human Resources Division) Jun. 2011 Corporate Auditor of Mitsui O.S.K. Lines, Ltd. (current) Shizuo Takahashi Mitsujiro Akasaka Managing Executive Offi cer Executive Offi cer (Internal Audit Offi ce, Secretaries Offi ce, Managing Direcor of MOL (Asia) Ltd. Corporate Planning Division, Public Relations Offi ce, MOL Information Systems, Ltd., Compliance) Toshikazu Inaoka Executive Offi cer (Dry Bulk Carrier Supervising Offi ce,MOL Ship Kiyotaka Yoshida Management Co., Ltd., Managing Executive Offi cer Marine Safety Division, General Manager of Dry (Technical Division) Bulk Carrier Supervising Offi ce) Hirokazu Hatta Naotoshi Omoto Managing Executive Offi cer Executive Offi cer (General Affairs Division, Group Business (General Manager of Car Carrier Division) Division, Kansai Area) Toshiaki Tanaka Takeshi Hashimoto Executive Offi cer Managing Executive Offi cer (General Manager of Coal and Iron Ore Carrier (LNG Carrier Division, Offshore and LNG Project Division) Division,MOL LNG Transport Co., Ltd.) Tetsuro Nishio Managing Executive Offi cer (Dedicated Bulk Carrier Division) Toshiya Konishi Managing Executive Offi cer (Liner Division) 114mol_英文0730佐々木.indd4mol_英文0730佐々木.indd 5533 22014/07/30014/07/30 115:295:29 54 MItsui O.S.K. Lines MOL’s Approach to Governance, Safety and CSR We will continue to build a highly transparent management foundation that brings both order and growth dynamics. Shizuo Takahashi Managing Executive Offi cer Corporate Governance that Supports the boom period, before the onset of the fi nancial crisis, we Growth Dynamics compounded signifi cant market exposure risks, as well as the MOL believes there are two sides to effective corporate gov- fact that car carriers became involved in cartel-related viola- ernance. The fi rst is defensive, focused on eliminating risks tions. Under the new midterm management plan, and ensuring business is conducted in line with social norms “STEER FOR 2020,” the strengthening of total risk control and corporate ethics. The other side is offensive, striving to and compliance is regarded as a priority issue around which maximize corporate value by accurately evaluating latent the entire MOL Group is coming together to carry out. risks in the process of pursing business opportunities, then actively taking those risks deemed reasonable. In short, a Safe Operation as the company needs both wheels of governance. One brings Wellspring of Competitiveness order, the other provides growth dynamics. Only after both A major premise for our business activities lies in the follow- wheels are fi rmly in place, can a company gain the trust of its ing MOL Group Corporate Principle: “We will promote and customers, stockholders, business partners, employees, local protect our environment by maintaining strict, safe operation communities and wide-ranging stakeholders to sustainably and navigation standards.” Everyone at the Group knows conduct business operations. that there is no completion date on maintaining strict, safe MOL greatly shored up its management structure in the operation and navigation standards. We need to endlessly fi ve years leading up to 2002. Taking a lead position among focus our efforts on making continuous improvements. This Japanese companies, MOL established an advanced, highly is why we established the Operational Safety Committee transparent corporate governance structure by, for example, chaired by the president of MOL. This is also the reason top inviting external directors and introducing an executive offi - management is proactively taking the lead in evaluating and cer system. While you could say we are now reaping the determining important matters related to safe operation. benefi ts of those efforts, MOL has only arrived at its current Maintaining strict, safe operation is also directly connect- position through a process of continuous improvement and ed to the quality of service we provide our customers. For evolution. We have worked hard to enhance corporate value. this reason, MOL has set achieving the Four Zeroes (an The fruit of these efforts can be found in the growth we unblemished record