Strengthening compliance, internal control and risk management across the corporate group
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2025.
Galilei Holdings moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「On 19 February 2025, the Company received a corrective recommendation from the Japan Fair Trade Commission under the Act against Delay in Payment of Subcontract Proceeds, Etc. and Prevention of Delinquency, on the grounds that it had requested the reduction of subcontract proceeds through the collection of prohibited “price cooperation” and “administrative fees,” and had requested the provision of unjust economic benefits through “price cooperation.” In response, on 25 February 2025 the Company passed a Board resolution confirming that this series of actions violated the Act and providing for measures to prevent recurrence, including revising its internal manual for compliance with the Subcontract Act, developing its internal systems and conducting internal training, in accordance with the recommendation. The Company immediately implemented the series of preventive measures.」
The Company disclosed that it had received a corrective recommendation from the Japan Fair Trade Commission concerning violations of the Subcontract Act. It is implementing measures to prevent recurrence, including revising its compliance manual for the Subcontract Act, developing internal systems, conducting training, and strengthening the Risk Management Committee and internal audits. - FY2022RestatedAnnual report
「To ensure thorough compliance across the entire corporate group, establish internal control systems and strengthen risk management, the Board of Directors has approved the systems prescribed by the Companies Act and the Ordinance for Enforcement of the Companies Act for ensuring the proper conduct of business operations as the Basic Policy for Establishing an Internal Control System.」
The Company reconfirms its control structure, including the Compliance Committee, Risk Management Committee, internal whistleblowing system, and controls over contracted construction work and the use of seals. - FY2021RestatedAnnual report
「To ensure thorough compliance across the entire corporate group, establish internal control systems and strengthen risk management, the Company partially revised the systems prescribed by the Companies Act and the Ordinance for Enforcement of the Companies Act for ensuring the proper conduct of business operations, pursuant to a resolution of the Board of Directors held on 29 June 2020.」
The Company reconfirms, as its annual control structure, the revisions to its internal control and risk management structures based on the June 2020 resolution of the Board of Directors. - FY2020AdvancedAnnual report
「To ensure thorough compliance across the entire corporate group, establish internal control systems and strengthen risk management, the Company partially revised the systems prescribed by the Companies Act and the Ordinance for Enforcement of the Companies Act for ensuring the proper conduct of business operations, pursuant to a resolution of the Board of Directors held on 29 June 2020.」
The Company specified control measures, taking past issues into account, including the Compliance Committee, Risk Management Committee, management from the ordering through payment of contracted construction work, rules for the use of seals, and the internal whistleblowing system. - FY2018AdvancedAnnual report
「As measures to prevent a recurrence of the inappropriate cost accounting and other issues, we have announced and are implementing the following measures: (1) rebuilding business processes, (2) initiatives to strengthen compliance awareness, and (3) thorough enhancement of legal functions. We will work to restore the trust of all stakeholders.」
In response to the inappropriate cost accounting and other issues, the Company specified measures to prevent recurrence, including rebuilding business processes, strengthening compliance awareness and enhancing legal functions. Part of the internal control structure was also revised on 11 May 2018. - FY2017RestatedAnnual report
「To ensure thorough compliance across the entire corporate group, establish internal control systems and strengthen risk management, the Board of Directors has approved the systems prescribed by the Companies Act and the Ordinance for Enforcement of the Companies Act for ensuring the proper conduct of business operations.」
The Company reiterates its Group-wide control policies based on the code of conduct, internal whistleblowing system, Audit Office, CSR and Risk Management Committee, subsidiary management and other measures. - FY2016First statedAnnual report
「To ensure thorough compliance across the entire corporate group, establish internal control systems and strengthen risk management, the Board of Directors has approved the systems prescribed by the Companies Act and the Ordinance for Enforcement of the Companies Act for ensuring the proper conduct of business operations.」
The Company lists systems including a code of conduct, an internal whistleblowing system, the Audit Office, the CSR and Risk Management Committee, and subsidiary management.