Company-wide and Group Risk Management Using ARMS
First written in FY2020. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024.
95 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「In particular, risk monitoring began during the current fiscal year to manage early warning signs using KRIs (Key Risk Indicators), and is being appropriately operated.」
Enterprise-wide and Group risk management through ARMS has evolved to the stage of managing warning signs using KRIs, in addition to conventional monthly monitoring. - FY2023AdvancedAnnual report
「Risk monitoring is conducted not only through reporting, but also by detecting warning signs, with the aim of promoting proactive risk management.」
Risk management through ARMS has evolved from monthly reporting to proactive monitoring that includes the detection of warning signs. - FY2020First statedAnnual report
「The risk management department collects information monthly from across the Company on risk conditions and warning signs in order to identify the emergence of risks at an early stage and prevent them from materializing, and takes appropriate risk responses. It also compiles the results of risk monitoring and reports them monthly to the Management Committee. The Internal Control and Risk Management Committee, chaired by the President, meets 4 times a year. After submitting an overall review and annual policies and plans to the Management Committee at least once a year, it reports to the Board of Directors.」
A risk management framework with the President as the ultimate responsible officer, monthly monitoring and reporting, a committee meeting 4 times a year, and annual policy reporting to the Board of Directors is described as a new enterprise-wide and Group management framework.