Governance Framework Covering Internal Controls, Risk Management and Internal Whistleblowing
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「The Company has established an Internal Audit Office directly under the Representative Director and President, consisting of 1 head of the Internal Audit Office and 2 staff members, independent of the operating divisions.」
Details of the Internal Audit Office's operating framework were disclosed, including its independence, 3-member structure, internal control audits, follow-up on improvement progress and reporting to the Representative Director and the Audit & Supervisory Committee. - FY2022RestatedAnnual report
「The Company established an Internal Control Promotion Headquarters under the Board of Directors, developed a system to constantly anticipate the risk of losses, and will respond appropriately and promptly to loss-related crises.」
The governance framework combining the Internal Control Promotion Headquarters, the Basic Risk Management Regulations, internal audit, whistleblowing, audits of subsidiaries and reporting to the Audit & Supervisory Committee has continued. - FY2021AdvancedAnnual report
「The most urgent risk issue during the fiscal year was, as in the previous fiscal year, the impact on management of the spread of the novel coronavirus disease (COVID-19). The Audit & Supervisory Committee also designated this as a priority audit item during the fiscal year and monitored it. It received regular reports from relevant parties on the administration of the Risk Response Headquarters and monitored the appropriateness of the measures taken.」
The Company continued to monitor the novel coronavirus disease and the operation of the Risk Response Headquarters as priority audit items during the fiscal year. - FY2020AdvancedAnnual report
「The most urgent risk issue during the fiscal year was the impact on management of the spread of the novel coronavirus disease (COVID-19). The Audit & Supervisory Committee designated this as a priority audit item and monitored it. It received regular reports from relevant parties on the establishment and administration of the Risk Response Headquarters and monitored the appropriateness of the measures taken.」
The internal control and audit framework added specific measures to designate the novel coronavirus disease as a priority audit item and monitor the operation of the Risk Response Headquarters. - FY2019AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 February 2019, the Company resolved as follows, pursuant to Article 362 of the Companies Act and Article 100 of the Ordinance for Enforcement of the Companies Act, concerning the development of systems necessary to ensure that directors execute their duties in compliance with laws and the articles of incorporation, as well as to ensure the proper conduct of operations by the corporate group comprising the Company and its affiliated companies.」
The internal control system was formalized through a Board of Directors resolution, covering compliance, whistleblowing, risk management, audits of subsidiaries and reporting to the Audit & Supervisory Committee. - FY2018RestatedAnnual report
「The Company has established an Internal Audit Office as its internal audit function, which identifies issues and recommends improvements through internal audits. In addition, the Company has established a compliance management structure under which the president serves as the chief compliance officer and the head of the Corporate Division serves as the compliance officer. The Company has also established internal and external whistleblowing channels for the early detection and prevention of misconduct.」
The control framework combining internal audit, compliance officers, whistleblowing channels, the Internal Control Promotion Headquarters and the Basic Risk Management Regulations has continued. - FY2017RestatedAnnual report
「The Company has established an Internal Audit Office as its internal audit function, which identifies issues and recommends improvements through internal audits. In addition, the Company has established a compliance management structure under which the president serves as the chief compliance officer and the head of the Corporate Division serves as the compliance officer. The Company has also established internal and external whistleblowing channels for the early detection and prevention of misconduct.」
The framework combining internal audit, compliance officers, whistleblowing channels, the Internal Control Promotion Headquarters and the Basic Risk Management Regulations has continued. - FY2016First statedAnnual report
「The Company has established an Internal Audit Office as its internal audit function, which identifies issues and recommends improvements through internal audits. In addition, the Company has established a compliance management structure under which the president serves as the chief compliance officer and the head of the Corporate Division serves as the compliance officer. The Company has also established internal and external whistleblowing channels for the early detection and prevention of misconduct.」
A continuing control framework combining internal audit, compliance officers and whistleblowing channels is in place.