Centralized Management of Risk and Compliance by the Internal Control Committee
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2026.
Wise Holdings moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 5 of 18 companies on the "Worse" side.
8 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Sustainability Committee deliberates and decides on sustainability- and ESG-related issues and policies, while the Risk and Compliance Committee confirms compliance status and the appropriateness and effectiveness of activities relating to risk management and compliance.」
The description changed from centralized oversight by the Internal Control Committee to a structure in which the Sustainability Committee and Risk and Compliance Committee respectively handle deliberation and decisions on ESG policies and reviews of risk management and compliance. - FY2024Specified monitoring of ESG issues and related committeesAnnual report
「The Internal Control Committee deliberates and decides on sustainability- and ESG-related issues and policies, and monitors the Risk and Compliance Committee, Occupational Health and Safety Committee and Quality Management Committee.」
The description specifically added deliberation and decisions on sustainability and ESG issues and monitoring of related committees to the Internal Control Committee's previous scope of risk management and compliance. - FY2023ReframedAnnual report
「The Internal Control Committee confirms compliance status and the appropriateness and effectiveness of activities relating to risk management, compliance and sustainability.」
The scope of review by the Internal Control Committee was expanded from risk management and compliance to include sustainability. - FY2019RestatedAnnual report
「The Company's risk management and compliance are centrally managed by the Internal Control Committee.」
Continued centralized risk management and compliance oversight by the Internal Control Committee. Also described the 4 objectives, 6 basic elements, top-down risk-based approach, documentation procedures and subsidiary management. - FY2018RestatedAnnual report
「Risk management and compliance are centrally managed by the Internal Control Committee. The Company's basic approach is to establish and operate, at each business site, an internal control process comprising 6 basic elements—① control environment, ② risk assessment and response, ③ control activities, ④ information and communication, ⑤ monitoring, and ⑥ response to IT—to achieve the 4 objectives of internal control: ① effectiveness and efficiency of operations, ② reliability of financial reporting, ③ compliance with laws and regulations related to business activities, and ④ safeguarding of assets. By adopting a top-down risk-based approach, the Company plans to narrow the scope subject to evaluation effectively and efficiently.」
Reconfirmed centralized risk management and compliance oversight by the Internal Control Committee, the 4 objectives, 6 basic elements and top-down risk-based approach. - FY2017RestatedAnnual report
「The Company's basic approach is to establish and operate, at each business site, an internal control process comprising 6 basic elements—① control environment, ② risk assessment and response, ③ control activities, ④ information and communication, ⑤ monitoring, and ⑥ response to IT—to achieve the 4 objectives of internal control: ① effectiveness and efficiency of operations, ② reliability of financial reporting, ③ compliance with laws and regulations related to business activities, and ④ safeguarding of assets. By adopting a top-down risk-based approach, the Company plans to narrow the scope subject to evaluation effectively and efficiently.」
Reconfirmed the policy of centralized risk management and compliance oversight by the Internal Control Committee, and specified the 4 objectives, 6 basic elements, top-down risk-based approach and documentation procedures. - FY2016First statedAnnual report
「Risk management and compliance are centrally managed by the Internal Control Committee.」
Described centralized oversight by the Internal Control Committee and a top-down risk-based approach.