Cross-functional Risk Management by Individual Departments and the Management Committee
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2025.
Asahi moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
82 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Risk Management Committee consists of full-time directors, executive officers and department heads. It comprehensively identifies and assesses the company’s risks, deliberates on countermeasures and reports the details of its deliberations to the Board of Directors.」
The company continues to operate a system under which the Risk Management Committee identifies and assesses company-wide risks, deliberates countermeasures, and reports to the Board of Directors. - FY2024AdvancedAnnual report
「The Risk Management Committee generally meets once every quarter, comprehensively identifies and assesses risks, deliberates on countermeasures and submits them to the Board of Directors.」
In addition to establishing the committee, the company disclosed specific operating procedures, including holding meetings in principle once per quarter, comprehensively identifying and assessing risks, deliberating countermeasures, and submitting matters to the Board of Directors. - FY2023ReframedAnnual report
「The Risk Management Committee comprises full-time directors and heads of divisions. It comprehensively identifies and assesses the Company's risks, deliberates on countermeasures and reports the results of its deliberations to the Board of Directors.」
The description has been reorganized from cross-functional risk management centered on the Management Committee to monitoring and assessment, deliberation of countermeasures, and reporting to the Board of Directors by the Risk Management Committee. - FY2020SoftenedAnnual report
「In addition to risk management by each department, directors and the heads of relevant departments obtain a cross-functional view of important management matters, including quality, intellectual property, foreign exchange transactions and contracts. These matters are reported and reviewed at management meetings, generally held twice a month and attended by directors, full-time Audit & Supervisory Board Members and department heads as necessary. We have also established a system under which an extraordinary meeting of the Board of Directors is promptly convened in the event of an emergency.」
While cross-functional risk management and emergency responses by the Board of Directors on an ad hoc basis have continued, the stated frequency of management meetings changed from “every week” previously to “tw twice a month in principle.” - FY2019RestatedAnnual report
「Each division manages its own risks, while directors and heads of relevant departments take a cross-functional view of important management matters, including quality, intellectual property, foreign-exchange transactions and contracts. These matters are reported and considered as necessary at management meetings held weekly and attended by directors, audit and supervisory board members, department heads and others. The company has also established a system under which an extraordinary board meeting can be convened promptly to respond to emergencies.」
In addition to risk management by each division, the company continues to conduct cross-functional monitoring and review through weekly management meetings and respond through extraordinary board meetings in emergencies. - FY2018First statedAnnual report
「Each division manages its own risks, while directors and heads of relevant departments take a cross-functional view of important management matters, including quality, intellectual property, foreign-exchange transactions and contracts. These matters are reported and considered as necessary at management meetings held weekly and attended by directors, audit and supervisory board members, department heads and others. The company has also established a system under which an extraordinary board meeting can be convened promptly to respond to emergencies.」
In addition to managing each department, the company began separately identifying the system for comprehensively monitoring and reviewing quality, intellectual property, foreign exchange and contracts at weekly management meetings, with emergency matters handled by an extraordinary meeting of the Board of Directors.