Risk Management Framework Involving Outside Directors, the Internal Control Committee and Other Bodies
First written in FY2022-Q3. 2 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Our internal audit function has 6 dedicated staff in the Internal Audit Office, an organization reporting directly to the President. Through regular audits conducted in accordance with the Internal Audit Regulations and audit plans, the office confirms that our internal control system is functioning effectively. In line with the intent of Supplementary Principle 4.13.③ of the Corporate Governance Code, the Internal Audit Office maintains independence from operating divisions and has established a dual reporting line under which it reports not only to the President but also to the Board of Directors and the Audit and Supervisory Committee, thereby enhancing the effectiveness of the internal audit function.」
In addition to the existing committees and outside director framework, the filing specified an Internal Audit Office with 6 dedicated staff, its independence from operating divisions, and dual reporting to the Board of Directors and the Audit and Supervisory Committee. - FY2025AdvancedAnnual report
「We operate as a company with an Audit and Supervisory Committee and have strengthened our framework for monitoring management decision-making and execution from an independent perspective by ensuring that outside directors account for at least one-third of the board. In addition, to strengthen the effectiveness of the Board of Directors and further enhance our corporate governance framework, we have established a Nomination and Compensation Committee in which outside directors constitute a majority.」
In addition to the existing Audit and Supervisory Committee, Internal Control Committee, and other bodies, the filing presented a Nomination and Compensation Committee with a majority of outside directors, as well as KPIs of Board effectiveness evaluation and a 100% participation rate in governance training. - FY2022-Q3First statedAnnual report
「Our Group has strengthened its framework for monitoring management decision-making and execution from diverse and independent perspectives by operating as a company with an Audit and Supervisory Committee and ensuring that outside directors, including women, account for at least one-third of the board. In addition, the Internal Control Committee, chaired by the Representative Director and President, consolidates, analyzes, and disseminates risk information across our Group. We have also established a framework for appropriate management of the various risks surrounding our business and prevention of their materialization by holding regular meetings of the Compliance Committee and Information Security Committee.」
A management framework combining the Audit and Supervisory Committee, the proportion of outside directors, and the Internal Control, Compliance, and Information Security Committees was presented.