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Updated on September 7, 2016

The Audit Committee

Primary Role of the Audit Committee

  • Monitors the performance of duties by Directors and Corporate Executive Officers
  • Oversees and evaluates the independent auditor

Composition of the Audit Committee

The Audit Committee shall consist of at least three Directors, the majority of whom shall be outside Directors, and is subject also to the paragraph below And the chair is be selected among the outside Directors. In determining whether to appoint or remove a member of the Audit Committee ("Audit Committee Member"), continuity of the Audit Committee shall be duly taken into account. No Audit Committee Member shall become, as a general rule, a member of the Nominating Committee or the Compensation Committee.

Each Audit Committee Member shall satisfy all of the following qualifications:
  1. Shall not be a Director engaged in the business operation, a Corporate Executive Officer, an accounting counselor, a general manager or other employees of the Company or its subsidiaries.
  2. Shall meet the independence requirements or such other equivalent requirements of the U.S. securities laws and regulations as may from time to time be applicable to the Company.
Moreover, at least one Audit Committee Member shall meet the audit committee financial expert requirements or such other equivalent requirements of the U.S. securities laws and regulations as may from time to time be applicable to the Company. The Board of Directors shall make a determination on whether or not such Audit Committee Members meet these requirements. For a list of the latest Audit Committee Member, please refer to the page below.

The policy for appropriate selection of independent auditor candidates and proper evaluation of external auditors

With respect to the candidates for independent auditor nominated by the CEO and other Corporate Executive Officers, the Audit Committee evaluates the nomination, prior to making a decision on the candidates. The Audit Committee continues to evaluate the performance, the independence the qualification and the reasonableness of the independent auditor so appointed.

For more details on activities of the Audit Committee, please refer to the page below.

Systems to ensure effective audit by the Audit Committee

In addition to the usual monitoring activities by each Audit Committee Member or Audit Committee supporting personnel who assist the execution by the Audit Committee of its duties (the Audit Committee Aide), the Audit Committee works with the internal control department and each division responsible for the internal control of the Sony Group. These departments periodically provide reports to the Audit Committee Members, either at Audit Committee meetings or other meetings, and also provide reports on the status or result of investigations at the Audit Committee's request.
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