Group Companies Conduct Committee and Comprehensive Risk Management Framework
First written in FY2017. 4 of 5 entries say "Advanced", first in FY2018. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「The Legal and Compliance Office is being made to function effectively and appropriately as the department responsible for establishing and operating the compliance system. The Internal Audit Office is being made to function as an internal audit department independent of business execution, responsible for reviewing and evaluating the establishment and operation of internal controls and encouraging improvements.」
In addition to the existing Corporate Conduct Committee and Comprehensive Risk Management Committee, the company explicitly stated the roles of the Legal and Compliance Office and the independent Internal Audit Office. - FY2020AdvancedAnnual report
「To prepare for serious risks such as damage to the corporate brand, the company established the TBS Group Crisis Response Regulations, which define the response organization, business procedures, and information management arrangements to be used in such circumstances instead of normal operations. The company will respond appropriately when a risk arises.」
The company additionally described crisis response regulations defining the response organization, procedures, and information management arrangements for the occurrence of a serious risk as part of its comprehensive risk management structure. - FY2019AdvancedAnnual report
「The company has established the TBS Group Corporate Governance Guidelines at its group companies and put systems in place to promote the establishment and operation of internal controls and maintain sound relationships between the parent company and subsidiaries within the group. The group companies participate in the TBS Hotline and have established and operate systems to raise awareness of it.」
The company has established corporate governance guidelines and an internal reporting channel for group companies, specifying the scope of internal control and compliance operations. - FY2018AdvancedAnnual report
「The Compliance Office is being made to function effectively and appropriately as the department responsible for establishing and operating the compliance system. The Operations Audit Office is being made to function as an internal audit department independent of business execution, responsible for reviewing and evaluating the establishment and operation of internal controls and encouraging improvements.」
In addition to the existing Corporate Conduct Committee and Comprehensive Risk Management Committee, the company has specified the roles of the Compliance Office and the independent Operations Audit Office. - FY2017First statedAnnual report
「To establish and promote an internal control system across the corporate group, the company established the TBS Group Corporate Conduct Committee, chaired by the President, with the aim of achieving proper and efficient business operations. The committee oversees areas including the establishment, evaluation and improvement of the internal control system; establishment of corporate ethics; risk management and the promotion of proper and efficient operations; and the information disclosure system. As part of its risk management structure, the company established the TBS Group Comprehensive Risk Management Committee and appointed risk management officers in each division.」
The company has, for the first time, described as an independent theme its internal control and risk management framework comprising the Group Corporate Conduct Committee, Comprehensive Risk Management Committee, and the officers responsible in each division.