Internal Control and Risk Management through Regulations, Authority and Responsibilities, and Management Meetings
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2023.
85 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Our internal control system includes various rules covering all internal operations. Under documented rules, each position performs its duties with clearly defined authority and responsibilities, and the Audit Office conducts internal audits. The rules are reviewed as necessary.」
Internal control through rules, authority and responsibilities, internal audits by the Audit Office, and periodic review of the rules was reaffirmed. - FY2021AdvancedAnnual report
「To ensure the proper conduct of our subsidiaries' operations, we generally dispatch directors and corporate auditors to them and supervise them. In addition to having officers and employees participate in meetings and training at our company as necessary, we promote proper operations through operational audits based on our Rules for the Operation of Affiliated Companies, controls through a shared IT platform, and the directors and corporate auditors dispatched by us.」
Following the conversion of C&H into a subsidiary, controls over the subsidiary through the Rules for the Operation of Affiliated Companies, operational audits, a shared IT platform and the dispatch of officers were described in detail. - FY2020RestatedAnnual report
「Our internal control system includes various rules covering all internal operations. Under documented rules, each position performs its duties with clearly defined authority and responsibilities, and the Audit Office conducts internal audits. The rules are reviewed as necessary.」
The rules, authority and responsibilities, internal audits by the Audit Office, and review of the rules when necessary were reaffirmed. - FY2019AdvancedAnnual report
「The Internal Control Committee consists of 3 directors, 1 outside director (including 1 director who is an Audit and Supervisory Committee member), and 2 executive officers. At its several meetings each year, the committee deliberates on risk management, information management and operational efficiency to establish and operate an internal control system based on the Financial Instruments and Exchange Act, and reports to the Board of Directors twice a year.」
The composition of the committees, including the Internal Control Committee and Compliance Committee, their meeting frequency, and reporting to the Board of Directors were described in detail. - FY2017RestatedAnnual report
「For internal control, various rules covering all internal operations have been established. Under documented rules, each position performs its duties with clearly defined authority and responsibilities, and the Audit Office conducts internal audits. For risk management, the departments responsible for potential business risks are identified based on the Rules on Delegation of Authority, and the risks are addressed by establishing internal rules, detailed procedures and operating guidelines. Company-wide risks are deliberated and considered by the Management Committee, which implements risk controls and responses.」
The internal control and risk management framework involving rules, authority and responsibility, the Audit Office and the Management Committee was reaffirmed. - FY2016First statedAnnual report
「Our risk management structure identifies the departments responsible for potential business risks based on the Rules on Delegation of Authority and addresses them by establishing internal rules, detailed procedures and operating guidelines. Company-wide risks are deliberated and considered by the Management Committee, which implements risk controls and responses.」
The risk management framework involving the Rules on Delegation of Authority, internal rules, responsible departments and the Management Committee was described.