Mazda Motor Corporation has announced the following organizational and personnel changes, effective January 1, 2008.
Organizational Changes
Changes in the area of Financial Services
Goals
- Strengthen the control system for the financial reporting process in line with the introduction of the new Financial Instruments and Exchange Law (the Japanese version of the Sarbanes-Oxley Act, or J-SOX) in fiscal year 2008.
- Enhance the financial control system throughout the accounting and tax areas. In addition, improve functions to respond to issues raised by the increasingly complex tax practices in Japan and overseas.
- Rename the CAB Development Office because its development of business models for affiliates’ accounting services and their operation have been established and are in place.
Details of the organizational changes follow
- Some functions of the Accounting Dept have been separated and reorganized in order to newly establish the Financial Internal Control Department.
- The CAB Development Office has been renamed the Dealer Financial Services Department.
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