Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Matsushita Announces New Group Management System
Apr 24, 2003
 Printable format
 Email this Article
 Search
Matsushita Electric Industrial Co., Ltd. (MEI), maker of Panasonic-brand products, on Wednesday announced that it will implement a new Group management system, while also strengthening its corporate governance structure. Following business and organizational restructuring that took effect beginning from January 2003, MEI has introduced various Group management reforms, such as the implementation of autonomous management in each business domain, and the introduction, at all business domain companies, of a global consolidated management system and new evaluation standards for business results. With the start of autonomous management at each of the Matsushita Group's business domain companies in the current fiscal year, MEI reported that it will implement the following initiatives to expedite optimum management operations under the new Group-wide business and organizational structure. Introduction of a new Group management system tailored to the Company's new organizational structure. Establishment of MEI-specific corporate governance system. Placement of greater emphasis on business results as evaluation standards, in the interest of shareholders. (The remuneration system for Directors and Executive Officers will be revised, linking compensation to capital cost management (CCM) and cash flows results.) Strengthening of the corporate auditor system. The aforementioned changes will be implemented after the 96th Ordinary General Meeting of Shareholders of MEI, to be held in late June.

Back to Daily News

 

Daily News

...........................................................

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

Apr 17, 2014: Briggs & Stratton Automatic Choking Technology Moves to Riding Mowers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows