Operational Risk Arising from Misconduct and Illegal Acts
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2021.
46 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Group regards compliance, occupational health and safety, internal control and risk management as important management issues, and is reviewing and strengthening the activities of the respective committees. The Group is taking every possible measure to prevent fraud and unlawful conduct by officers and employees and the occurrence of accidents in its business operations. However, if serious misconduct or an accident were to occur, it could affect operating results.」
The risk of accidents is described in addition to the risk of fraud and unlawful conduct, and the review and strengthening of the activities of each committee continues. - FY2020RestatedAnnual report
「The Group regards compliance, occupational health and safety, internal control and risk management as important management issues, and is reviewing and strengthening the activities of the respective committees. The Group is taking every possible measure to prevent fraud and unlawful conduct by officers and employees and the occurrence of accidents in its business operations. However, if serious misconduct or an accident were to occur, it could affect operating results.」
In addition to the risk of fraud and unlawful conduct, the risk of accidents is explicitly described, and the review and strengthening of committee activities continues. - FY2019RestatedAnnual report
「The Group regards corporate governance, compliance and risk management as important management issues, has established a basic policy for developing its internal control system, and is working continuously to enhance and strengthen that system. In its business operations, the Group takes every possible measure to prevent fraud and unlawful conduct by officers and employees. However, if such misconduct were to occur, it could affect operating results.」
The risk of fraud and unlawful conduct and the continuous enhancement and strengthening of the internal control system continue to be disclosed. - FY2018RestatedAnnual report
「The Group regards corporate governance, compliance and risk management as important management issues, has established a basic policy for developing its internal control system, and is working continuously to enhance and strengthen that system. In its business operations, the Group takes every possible measure to prevent fraud and unlawful conduct by officers and employees. However, if such misconduct were to occur, it could affect operating results.」
The risk of fraud and unlawful conduct, and the policy of continuously enhancing and strengthening the internal control system, continue to be disclosed. - FY2017First statedAnnual report
「The Group regards corporate governance, compliance and risk management as important management issues, has established a basic policy for developing its internal control system, and is working continuously to enhance and strengthen that system. In its business operations, the Group takes every possible measure to prevent fraud and unlawful conduct by officers and employees. However, if such misconduct were to occur, it could affect operating results.」
The possibility of fraud and unlawful conduct by officers and employees is explicitly identified as operational risk.