Sony Corporation is governed by its Board of Directors, which is elected at the annual shareholders' meeting. The Board has three committees (the Nominating Committee, Audit Committee and Compensation Committee), each consisting of Directors named by the Board. Corporate Executive Officers are appointed by resolution of the Board. Sony has appointed its Chief Executive Officer (“CEO”), who is responsible for Sony’s overall management, and other officers that directly report to the CEO and who are responsible for important and extensive headquarters functions as Corporate Executive Officers. In addition to these statutory bodies and positions, Sony grants titles, such as Senior Executive Vice President, Executive Vice President and Senior Vice President, to management team members in accordance with their respective roles and responsibilities.
Board of Directors
John V. Roos*1
John V. Roos*1
Eriko Sakurai *1
(Name and positions as of July 31, 2018)
Sony explains to its stakeholders, including its shareholders, the reasons for, and background of, the nomination and/or appointment of each individual. Please refer to the pages below for releases and convocation notices in respect of individual appointments or nominations.
During the fiscal year ended March 31, 2018, the Board convened eight times. The Nominating Committee met five times, the Audit Committee met six times and the Compensation Committee met six times. All ten outside Directors, including Joichi Ito who retired in June 2017, participated in all meetings of the Board held during their tenure period in the fiscal year ended March 31, 2018. Also, all nine outside Directors who are members of Committees participated in all of the meetings of each Committee held during the fiscal year ended March 31, 2018.
The Board conducted outside Directors' meetings, Directors' corporate strategic workshops with management, site visits by outside Directors and meetings of the Chairman of the Board and the CEO. These activities were aimed at enhancing the oversight function of the Board, securing better understanding by outside Directors of Sony's business and management's initiatives and encouraging corporate strategic discussions among Directors.