Panasonic Announces to Reform the Head Office and Governance
03 Agosto 2012 - 9:23AM
Business Wire
Panasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic") today
announced to reform the head office and governance of the Company
as of October 1, 2012, in order to reduce internally-focused work
throughout of the Company and focus on meeting customer needs.
Framework for the reform
1) Establish a Corporate Strategy Head Office and a
Professional Business Support Sector The Company will establish a
Corporate Strategy Head Office with approx. 150 people, and
strengthen the functions such as "formulating Group midterm
strategy and allocating management resources," "promoting cash flow
management (focused on capital)," and "developing executive
candidates." Also, functions other than the above will be realigned
as part of a Professional Business Support Sector. Furthermore, the
Company will regroup some of the related divisions into single
divisions and simplify organizations. 2) Transfer the
themes and review the mission of the Corporate R&D division The
Company will transfer the themes and personnel in the Corporate
R&D division that support continued growth in existing business
fields to relevant business domains, and the Company will
strengthen its ability to create midterm businesses on the
frontlines. Also, the following two items will be defined as a new
mission of the Corporate R&D division: (1) Carry out R&D
and create new businesses in growth areas with a view to long-term
contribution to Panasonic. (2) Develop technology that is uniform
across the entire company, and provide companywide technology
governance as well as giving support. In this way, the
Company will strengthen activities that are seeking and proposing
new businesses, as well as activities that are nurturing businesses
and starting up new businesses, and the development of human
resources. 3) Review the Group decision-making
structure In order to have discussions from many angles
regarding the Group mid- and long-term strategy and other important
matters, and to set its direction in an appropriate and speedy
manner, the Company will establish a "Group Management Team"
consisting of approx. 10 executives. Also, to have a meeting where
this team can hold discussions and set the direction the Company
should take, the Company will integrate the purposes of the "Group
Managing Directors Meeting," the "Corporate R&D Strategic
Meeting," and others, and establish the "Group Strategy Meeting."
As a meeting for making decisions regarding important matters of
the Group, the Company will establish a "Group Executive Committee
for Deliberating Important Matters," by integrating the purposes of
the "Group Management Committee (GMC)," the "Approval Meeting."
Positioned as a meeting where discussions will be made prior to the
Board of Directors Meeting, this committee will play a role in
complementing and strengthening the decision-making function.
Panasonic today informed the Labor Union regarding the above
1) and 2).
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