Business Operating Risks, Including Non-Payment, Administrative Errors and Fraud
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2019.
42 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Anicom Group has established an internal control framework to control these risks. However, if such business operating risks materialize, the Group could lose the trust of customers and the confidence of society, potentially affecting its financial position and performance.」
The disclosure continues to cover business operating risks, including non-payment of insurance claims, administrative errors, violations of laws and regulations, misconduct and labor management, as well as the internal control framework. - FY2017First statedAnnual report
「Business operating risks are inherent in the Group's activities and include, for example, non-payment or omission of insurance claim payments in the non-life insurance business, administrative errors, administrative sanctions by supervisory authorities due to violations of laws and regulations, misconduct by officers and employees, and inadequate labor management.」
The disclosure lists internal operating risks relating to insurance claim payments, administrative processes, legal compliance, misconduct and labor management.