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Transcript of SONY PPT
“An Ethical Practices And
the Corporate Governance of Sony”
PREPARED BY: DARSHITA PATEL Enrollment No.: 107020592054
•Sony Corporation (TYO: 6758, NYSE: SNE), commonly referred to as Sony, is a Japanese multinational conglomerate corporation headquartered in Kōnan, Minato, Tokyo, Japan. It ranked 73 on the 2011 list of Fortune Global 500•Sony is a global manufacturer of audio, video, communications and information technology products for consumer and professional markets.•Sony Corporation is the electronics business unit and the parent company of the Sony Group, which is engaged in business through its six operating segments – Consumer Products & Services Group (consumer electronics, game & network services), Professional, Device & Solutions Group (B2B products & services), Pictures, Music, Financial Services and Sony Ericsson.
VisionTo create exciting new digital entertainment experiences for consumers by bringing together cutting-edge products with latest generation content and services.MissionSony is committed to developing a wide range of innovative products and multimedia services that challenge the way consumers access and enjoy digital entertainment. By ensuring synergy between businesses within the organisation, Sony is constantly striving to create exciting new worlds of entertainment that can be experienced on a variety of different products
CORPORATE GOVERNANCE CORPORATE GOVERNANCE GUIDELINES AT SONYGUIDELINES AT SONY1)Primary Roles of the Governance Entities - Board of Directors: - Nominating Committee - Audit Committee - Compensation Committee - Corporate Executive Officers - Corporate Executives2) Sony Initiatives
3) Cooperation of the Audit Committee and the InternaL Audit Division
Governance Related to the U.S. Governance Related to the U.S. Sarbanes-Oxley ActSarbanes-Oxley Act•Sony is subject to the Sarbanes-Oxley Act (SOX) regulations because it is a foreign private issuer of equity securities registered with the U.S. Securities and Exchange Commission (SEC) and subject to SEC reporting requirements. •Sony has established "Disclosure Controls and Procedures," outlining the process through which potentially material information is reported from important business units.•The "Disclosure Committee," comprised of officers and senior management of the Sony Group including those who oversee investor relations, accounting, corporate planning, legal, corporate communications, finance, internal audit, etc.
CODE OF ETHICSCODE OF ETHICS•Sony, one of the world's foremost companies in the areas of consumer and industrial electronics and entertainment.•Today, the corporation has a worldwide organizational infrastructure based on tried and true managerial systems to achieve environmental goals.•Sony recognizes that its business decisions need to give due consideration to the interests of its various stakeholders.•As part of a dialogue with its stakeholders, on June 2004, Sony invited one of the leading authorities in the CSR field, Mr. John Ellington, Chairman of Sustain Ability, to talk with Mr. Teruo Masaki, Group General Counsel of Sony Corporation.
What What aboutabout CSR? CSR?
•We recognize the importance of corporations acknowledging accountability for their social responsibilities.•In 2002, we published the Sony Social & Environmental Report that began to cover issues concerning our interactions with people.•In 2003, we added more information about CSR and published the report under the new title CSR Report. •This report refers to international standards and guidelines related to social and environmental activity reporting.
Sony Code of ConductSony Code of Conduct•The Sony Group Code of Conduct sets the basic internal standards to be observed by all directors, officers and employees of the Sony Group in order to further strengthen the corporate governance.•The Sony Group Code of Conduct refers to the Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises.•The Sony Group Code of Conduct will be conducted in stages throughout the Sony Group, to promote a thorough understanding of the meaning and importance of compliance.
LEARNINGS:LEARNINGS:• Sony is committed to strong corporate governance.Sony, one of the world's foremost companies in the areas of consumer and industrial electronics and entertainment.•Sony recognizes that its business decisions need to give due consideration to the interests of its various stakeholders.•The core responsibility of the Sony Group to society is to pursue enhancement of corporate value through innovation and sound business practices.•The Sony Group Code of Conduct sets the basic internal standards to be observed by all directors, officers and employees of the Sony Group in order to further strengthen the corporate governance and business ethics.•The core responsibility of the Sony Group to society is to pursue enhancement of corporate value through innovation and sound business practices.
•I concluded that company shows ethical practices & the corporate governance components according to their core business and their environmental business.