Abstract
Continuous innovation through research and development (R&D)in every developmental stage is essential for an enterprise to cope with the rapid structural changes in technology. The R&D division of a company has much to deal with concerning future. R&D management must comprise the corporate governance, a dimension other than routine management (which is concerned with choice of means to achieve short-run corporate targets). Governance related to identification of the corporate objectives, company's responsibility to other parties (including shareholders, customers and employees), and inspection of appropriate management actions. Important aspects of R&D as related to governance are presented in the following sections: Strategic decisions and investment, core technology and exterior resources, R&D evaluation, responsible society and open management, needs of specialized education in technology management, and requirements for R&D mangers.
