Panasonic Corporation and its subsidiaries (Panasonic Semiconductors, Panasonic Battery, Panasonic Electric Works & Panasonic Electronic Components) are innovators in consumer electronics and technology products. Guided by a mission to contribute to the progress and development of society and the well-being of people worldwide, Panasonic Corporation is a strong proponent of responsible electronics recycling and of reducing the global carbon footprint. Panasonic Corporation was named to the 2008 Global 100's list of the Most Sustainable Corporations in the World.In October 2008, the company 'Matsushita Electric Works' was changed to 'Panasonic Electric Works.' The Company's Board of Directors is made up of a maximum of 15 members who are responsible for setting the course for and supervising business execution. Since the development of its 'attachment plugs,' launched when the company was founded 90 years ago, Panasonic has continued to pass on the technological strengths to steadily expand business. Using the manufacturing technologies developed for the attachment plugs, Panasonic later expanded its business into information equipment and wiring products, such as wiring fixtures.
Panasonic Electric Works is committed to deliver a new level of amenity across the globe, striking a balance between amenity and respect for the environment. In 2009, its LED lighting has the potential to change the standard of lighting on earth and, in space. Panasonic has recently launched a Job Diet initiative in an effort to be a stronger but leaner company. On the other hand, Panasonic aimed for a Comfortable and Environment-friendly Digital Life, a Challenge to Electronics Market Continues Together with Device Makers. Panasonic explored the possibilities of nano-sized water particles known as "electrostatic atomized water particles," proven to have positive effects.
Panasonic’s outside directors are responsible for monitoring these activities from an independent perspective, ensuring they are conducted in an effective and appropriate legal manner. Corporate auditors also independently monitor the appropriateness of PEW's operational activities. PEW's corporate governance system ensures greater effectiveness by integrating the elements of "business execution," "control," and "supervision." The system is overseen by meetings of the CSR & Corporate Governance Council, comprising the president, CSRM director, outside directors, and corporate auditors.