Internal Control System Dysfunction
First written in FY2017. 2 of 3 entries say "Mitigated", first in FY2021. Latest entry: FY2024.
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「In addition, we provided e-learning for all domestic employees on personal information protection, information security, internal controls and general compliance.」
Continued addressing internal control and compliance failures by providing e-learning for all domestic employees, compliance administrator training, Antimonopoly Act training and other programs. - FY2021MitigatedAnnual report
「In addition to holding group training sessions for approximately 350 OKI Group compliance administrators and coordinators on compliance administration, and for relevant personnel, primarily in the sales divisions, on the Antimonopoly Act, we provided e-learning for all domestic employees on personal information protection, information security, internal controls and other topics.」
Implemented specific measures addressing the risk of internal control failure, including compliance administrator training, Antimonopoly Act training and e-learning for all employees. - FY2017First statedAnnual report
「There is no guarantee that the internal control system will not cease to function due to various factors, including negligence or misconduct by directors, employees or others, or changes in the business environment that were not anticipated when the system was established.」
Failure of internal controls due to negligence, misconduct or unanticipated changes in the business environment was described as an independent risk.