Toyota regards the
sustainable growth and the stable long-term growth of corporate value as
essential management priorities. The key to address these priorities is to
build positive relationship with all stakeholders, including shareholders and
customers as well as business partners, local communities and employees, and
supplies products that will satisfy customers.
Corporate Governance Code
each business principle. There are five main principles of Toyota:
faithful to your duties, contributing to the company and overall goodwill
creative, stay ahead of the times
Build a homelike atmosphere at work that is
warm and friendly, and
Respect spiritual matters, and remember to be
grateful at all times.
Based on these “Five
Main Principles of Toyota”, Toyota Motors established “Guiding Principles” to
promote business in cooperation with people in different countries and regions
throughout the world, notwithstanding differences in cultures and values.
Corporate Governance Frontline Operations
In a shareholder’s
meeting, they appoint Board of Directors (including outside directors, their
main function is decision-making and management oversight), and Audit and
Supervisory Board (more than half of the member are outside Audit and
Supervisory Board members). Audit and Supervisory Board audit to BODs, while
BODs supervise Operating Officer whose function is to execute operations into
Head Office and Business Units/Companies and Operating Officer appeal or report
Statement of Compliance with the Code of
complies with the Code of Corporate Governance contained in regulation 35 of
the listing regulations of Karachi Stock Exchange Limited, Lahore Stock
Exchange Limited and Islamabad Stock Exchange Limited, for establishing a
framework of good governance whereby, a listed company is managed in compliance
with the best practices of corporate governance. The company have applied these
principles as following:
directors have confirmed that none of them is serving as a director in more
than seven listed companies.
directors are registered as taxpayers and none of them has defaulted in payment
company has prepared a code of conduct.
has adopted a Vision/Mission statement, overall corporate strategy and
significant policies of the company prepared by the management.
of the Board were presided over by the Chairman and held at least once in every