Enterprise-Wide Risk Management by the Risk Management Committee and Internal Audit
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2024.
77 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The response measures for material risks considered and implemented under this process are reviewed by the relevant departments, taking into account the opinions of outside experts, then inspected and discussed by the Risk Management Committee before being reported to the Board of Directors.」
The company has made its enterprise-wide risk management process more specific by assessing impact and likelihood on 6-point scales, having the Risk Management Committee review response measures for material risks with reference to outside experts’ opinions, and reporting them to the Board of Directors. - FY2021ReframedAnnual report
「The Risk Management Committee meets at least once each quarter and reports the status of the risk management it has reviewed to the Representative Director, the Board of Directors, and the Audit and Supervisory Committee as appropriate. In addition, at each of our divisions and group companies, the head of each respective unit is designated as the risk management officer and serves as a member of the Risk Management Committee, enabling our entire group to address risk management.」
The company changed reporting to the Board of Corporate Auditors to reporting to the Audit and Supervisory Committee, restructuring the enterprise-wide risk management framework following the transition to a company with an Audit and Supervisory Committee. - FY2019RestatedAnnual report
「The Risk Management Committee meets at least once each quarter and reports the status of the risk management it has reviewed to the Representative Director, the Board of Directors, and the Board of Corporate Auditors as appropriate. In addition, at each of our divisions and group companies, the head of each respective unit is designated as the risk management officer and serves as a member of the Risk Management Committee, enabling our entire group to address risk management.」
The company continues to operate an enterprise-wide risk management framework covering each division and group company, with the committee meeting at least once each quarter and reporting to the management bodies. - FY2018RestatedAnnual report
「We have established a Risk Management Committee pursuant to our Risk Management Regulations. The committee meets at least once each quarter and reports the status of the risk management it has reviewed to the Representative Director, the Board of Directors, and the Board of Corporate Auditors as appropriate.」
The company continues to operate the Risk Management Committee with meetings held at least once each quarter and reports made to the Representative Director, the Board of Directors, and the Board of Corporate Auditors. - FY2016First statedAnnual report
「Our group has established a Risk Management Committee to implement risk management effectively and efficiently. The committee meets as needed and reports the status of risk management to the Board of Directors and the Board of Corporate Auditors in a timely manner.」
The company describes an enterprise-wide risk management framework combining the Risk Management Committee, the Internal Audit Office, and reporting to the Board of Directors and the Board of Corporate Auditors.