— Mitsubishi Motors announces that it is to set up a new Business Revitalization Monitoring Committee (BRMC), an external body that will monitor the progress made in the implementation of the Mitsubishi Motors Revitalization Plan announced on January 28, 2005.
The company has invited Mr Tomoo Tasaku, a noted authority on business recovery, to chair the BRMC. In addition to those committee members given below, the company is currently considering the appointment of one further external member to bring the full committee up to six.
| Chairman: |
Mr Tomoo Tasaku |
Partner, PwC Advisory Co., Ltd. *1 |
| Members: |
Mr Kazuo Mura *2 |
Lawyer and a former managing director of the Resolution and Collection Corporation. |
| Other members |
One representative, of managing director rank, each from Mitsubishi Heavy Industries, Mitsubishi Corporation and The Bank of Tokyo-Mitsubishi. |
| *1: |
Established June 1999. Tokyo office of Advisory division of Price Waterhouse Coopers, an integrated professional firm |
| *2: |
Has served as member of the Mitsubishi Motors Business Ethics Committee since July 2004 |
The BRMC will be made up of specialists in their own fields from outside the company and of representatives of major shareholders from the Mitsubishi group. Acting as an advisory body to the Board of Directors, the BRMC will monitor the progress being made by the Mitsubishi Motors Revitalization Plan. As well as offering recommendations, it will also submit reports and proposals in response to specific requests by the Board.
In asking the BRMC to monitor the implementation of the Revitalization Plan from an external perspective, Mitsubishi Motors is augmenting its system of checks and balances as it works to achieve the goals and targets laid down by the plan.
