Chairman Okuda's Press Conference
March 7, 2005
Following is the gist of remarks made by Hiroshi Okuda, Chairman, Keidanren at a scheduled press conference following monthly Chairman and Vice Chairmen's meeting on 7 March 2005. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered.
(On shuffle in - Keidanren top executives - announcement basis)
Keidanren executive nominees to be approved on May 26, 2005, are as follows.
Titles are as of March 7, 2005 (* denote new appointment).
- Chairman
- Hiroshi OKUDA
- Chairman of the Board, Toyota Motor Corporation
- Vice Chairmen
- Fujio MITARAI
- President & CEO, Canon Inc.
- Masaharu SHIBATA
- Chairman & Chief Executive Officer, NGK Insulators, Ltd.
- Shigemitsu MIKI
- President, The Bank of Tokyo-Mitsubishi, Ltd.
- Kenji MIYAHARA
- Chairman, Sumitomo Corporation
- Etsuhiko SHOYAMA
- President and Director, Hitachi, Ltd.
- Takashi NISHIOKA
- Chairman, Mitsubishi Heavy Industries, Ltd.
- Nobuyuki IDEI
- Chairman and Group Chief Executive Officer, Sony Corporation
- Kunio TAKEDA
- Chairman and Chief Executive Officer, Takeda Pharmaceutical Company Limited
- Norio WADA
- President and CEO, Nippon Telegraph and Telephone Corporation
- Hiromasa YONEKURA
- President, Sumitomo Chemical Co., Ltd.
- Takao KUSAKARI
- Chairman, Nippon Yusen Kaisha (NYK Line)
- Tsunehisa KATSUMATA
- President, The Tokyo Electric Power Co., Inc.
- Fujio CHO *
- President, Toyota Motor Corporation
- Tadashi OKAMURA *
- Director, President and CEO, Toshiba Corporation
- Akio MIMURA *
- Representative Director and President, Nippon Steel Corporation
(On Livedoor's purchasing Nippon Broadcasting share)
The government must revise Commercial Code and other laws in concern in line with global standards to prepare for more TOBs in the days to come.
(On restarting import of US Beef)
It is not appropriate to buy irritation on the U. S. side by delaying conclusions. Food Safety Commission should meet more frequently to let the U. S. know that Japan is also trying to resolve the issue.
(On reviewing disclosure rules)
Corporate governance rules must be revised to meet needs of the day. It is regrettable to learn that many companies have filed corrections. Not only CEO and CFO but also certified accountants should take full responsibility in the roles they play.