Education, Reporting, Approval and Auditing to Ensure the Soundness of Subsidiary Operations
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025AdvancedAnnual report
「The company established a Group Company Governance Management Team within its Internal Audit Office. The team analyzes and assesses the compliance and governance management framework for group companies, including overseas companies, and provides guidance for improvements to establish an appropriate framework. The internal audit team also audits domestic and overseas subsidiaries and meets with their auditors as necessary.」
In addition to the existing education, reporting, approval and audit functions, the company established a Group Company Governance Management Team and expanded its activities to analyzing and assessing the framework, including overseas subsidiaries, and providing guidance for improvements. - FY2023RestatedAnnual report
「As necessary, the company’s internal audit department audits domestic and overseas subsidiaries and meets with their auditors.」
The company has continued its framework for ensuring proper operations through education and training, regular reporting, reporting and approval of important decisions, and audits, while respecting the independence of its subsidiaries. - FY2021RestatedAnnual report
「While respecting the independence of each subsidiary, the company provides guidance and support, including education and training, to disseminate, enforce and promote compliance. Under its Rules for the Management of Affiliated Companies, it regularly receives business reports and has established a system under which important decisions concerning a subsidiary’s management activities must be reported to and approved by the company, thereby ensuring the proper operation of its subsidiaries.」
The company has continued its framework for ensuring proper operations through education and training, regular reporting, reporting and approval of important decisions, and audits, while respecting the independence of its subsidiaries. - FY2019First statedAnnual report
「While respecting the independence of each subsidiary, the company provides guidance and support, including education and training, to disseminate, enforce and promote compliance. Under its Rules for the Management of Affiliated Companies, it regularly receives business reports and has established a system under which important decisions concerning a subsidiary’s management activities must be reported to and approved by the company, thereby ensuring the proper operation of its subsidiaries.」
The company has, for the first time, systematically described a framework for ensuring the proper operation of domestic and overseas subsidiaries through education and training, regular reporting, reporting and approval of important decisions, and internal audits, while respecting their independence.