Development of the Group’s Internal Control and Risk Management Framework
First written in FY2017. 6 of 7 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「We have established the Management Audit Office, with 30 dedicated staff members, as an internal audit department independent of other business execution functions.」
The internal audit system was expanded to include 30 dedicated staff in the independent Management Audit Office, risk-based audits, follow-up audits, and reporting to the Board of Directors. - FY2021AdvancedAnnual report
「With respect to internal auditing, we have established the Management Audit Office, an organization independent of the business execution divisions with 29 dedicated staff members, to support the Audit Committee. In addition to conducting internal audits of Group management, it supports the duties of the Audit Committee and performs secretariat functions for the Audit Committee while cooperating with the accounting auditor.」
The internal audit system was expanded from 27 and 28 dedicated staff in the independent Management Audit Office to 29, with regular reporting to the Audit Committee explicitly disclosed. - FY2020AdvancedAnnual report
「With respect to internal auditing, we have established the Management Audit Office, an organization independent of the business execution divisions with 28 dedicated staff members, to support the Audit Committee. In addition to conducting internal audits of Group management, it supports the duties of the Audit Committee and performs secretariat functions for the Audit Committee while cooperating with the accounting auditor.」
For the internal control and risk management system, the company disclosed that the number of dedicated staff in the independent Management Audit Office had increased from 27 to 28 and described a system for regular reporting to the Audit Committee. - FY2020-Q1AdvancedAnnual report
「Going forward, to accelerate the growth strategy for the entire AEON Delight Group, we will strengthen the Group governance structure in addition to implementing measures to prevent recurrence of the incident, re-examine our medium- to long-term growth strategy, further strengthen our management foundation, and seek to return the Group to a growth trajectory.」
Following the Kajitaku accounting fraud, the company explicitly stated that it would strengthen the Group governance structure and re-examine its growth strategy in addition to implementing measures to prevent recurrence. - FY2019AdvancedAnnual report
「In addition, as an organization supporting the Audit Committee, we have established the Management Audit Office, an organization independent of the business execution divisions with 27 dedicated staff members. In addition to conducting internal audits of Group management, it supports the duties of the Audit Committee and performs secretariat functions for the Audit Committee while cooperating with the accounting auditor.」
Risk and internal control management has been implemented through an audit and reporting framework comprising the Risk Management Committee and the independent Management Audit Office, which has 27 dedicated staff members. - FY2019-Q2AdvancedAnnual report
「Person responsible for Human Resources and Administration and risk management (current)」
In September 2018, an executive officer responsible for risk management took office, clearly assigning responsibility for the risk management system. - FY2017First statedAnnual report
「With respect to the risk management system, we have appointed an executive officer responsible for risk management and hold Risk Management Committee meetings chaired by that executive officer. The Risk Management Committee identifies high-priority risks through risk assessments and other measures, and monitors progress in addressing those risks and the effectiveness of the responses.」
A person responsible for risk management and a committee have been established to prioritize risks, implement responses, and monitor progress in assessing their effectiveness.