Strengthening the Risk and Compliance Framework
First written in FY2021. 2 of 3 entries say "Reframed", first in FY2022. Latest entry: FY2025.
Bcc moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Important matters concerning business-operation risks and compliance are discussed and examined by the Risk and Compliance Committee. Based on the results, we work to manage risk by instructing relevant departments and, depending on the level of importance, reporting and conducting analyses to the Board of Directors.」
The framework for oversight and reporting of risk and compliance is described as centered on the Administration Division and the Risk and Compliance Committee, rather than the previous framework centered on the IR and Compliance Promotion Division. - FY2022ReframedAnnual report
「The Risk and Compliance Committee comprises at least 3 members selected through consultation among the full-time directors. As of 1 October 2022, its members comprised 3 full-time directors, 1 full-time corporate auditor and 1 employee at department-head level or above. The committee meets regularly, in principle at least once every 2 months.」
The framework has been reorganized from the previous explanation centered on the Compliance Promotion Office to one comprising the IR and Compliance Promotion Division, the Risk and Compliance Committee and the internal audit function. The committee is stated to meet, in principle, at least once every 2 months. - FY2021First statedAnnual report
「We will strengthen compliance, focusing on the activities of the Risk and Compliance Committee and the Compliance Promotion Office. The Risk and Compliance Committee meets once a month and handles matters related to risk and compliance, including checking amendments to laws and regulations relevant to our business operations, discussing the content and implementation schedule of compliance training, and discussing responses when compliance violations occur.」
The framework and procedures described include monthly committee meetings, checks of amendments to laws and regulations, training, and discussions of responses to violations.