Toshiba's Streamlined Board of Directors Enhances Decision Making|
25 May, 1998
TOKYO--Toshiba Corporation today announced a new organization for its board of directors and senior management that will enhance corporate governance and reinforce the agile decision-making that is a prerequisite for a truly global enterprise competing in a rapidly changing business environment. The reorganization, along with the personnel changes in the membership of the current board of directors, will become effective from the annual meeting of the company's shareholders, to be held on June 26, 1998.
The reorganization has the twin objectives of providing a sharper focus for the board in its decision-making, while giving greater autonomy and responsiveness to individual business units. The new system will introduce the following changes:
The redefined board is part of Toshiba's promotion of structural changes that will assure its responsiveness in the globalized business environment of the 21st century. Further organizational innovations will include a greater decentralization of operations, aimed at enhancing the autonomy and competitiveness of individual businesses.
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