TOKYO, JAPAN, May 10, 2005 --- NTT DoCoMo, Inc. announced today that the company will introduce a corporate officer system and other board reforms following its ordinary general shareholders meeting in June.
The number of directors will be approximately halved to revitalize the board and speed up decision-making, with each board member responsible for the operations of the company as a whole.
Board members will also appoint corporate officers, whose terms will be one year, to strengthen the execution of board decisions. Some of the corporate officers will serve as executive vice presidents, and the others serve will as senior vice presidents.
About half of the corporate officers will concurrently sit on the board to ensure that mutual supervision among board members continues to function effectively. The remaining corporate officers will not serve as board members, so they can concentrate on their duties.
DoCoMo feels it is important to enhance corporate governance and has already strengthened its auditing system and established an advisory board.
In light of the increased competition expected from the introduction of mobile number portability in the fiscal year ending March 31, 2007, DoCoMo foresees the need to make management more efficient and strengthen oversight. By doing so, DoCoMo hopes to increase corporate value and win the confidence of all stakeholders, including shareholders, investors and customers.
About NTT DoCoMo
NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit www.docomo.ne.jp/english.
