Canon 2015 Annual Report Download - page 24

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CANON ANNUAL REPORT 2015
22
which formulates policy and action proposals for improvement
of the risk management system in the Canon Group under
decisions of the Board of Directors. The Risk Management
Committee consists of three entities: the Financial Risk
Management Subcommittee, which improves systems on the
credibility of fi nancial reporting; the Compliance Subcommittee,
which ensures thorough implementation of corporate eth-
ics and improves legal compliance systems; the Business Risk
Management Subcommittee, which improves systems prepared
for overall business risks, including insuffi cient product qual-
ity and information leakage. The Risk Management Committee
verifi es the risk management system and reports the status to
the CEO and the Board of Directors.
In addition, the Disclosure Committee undertakes
deliberations on information disclosure, including content and
timing, to ensure timely and accurate disclosure of important
company information.
Audit & Supervisory Board
Canon is a “Company with an Audit & Supervisory Board.” The
Board consists of fi ve members, three of which are independent
outside Audit & Supervisory Board members. In accordance
with auditing policies and plans decided at Audit & Supervisory
Board meetings, members of the Audit & Supervisory Board
attend Board of Directors meetings, Corporate Strategy
Committee meetings, and other relevant meetings, while
receiving verbal reports from directors, reviewing important
approval documents, and examining the business and fi nancial
Governance Structure (as of March 30, 2016)
Audit & Supervisory Board
5 Members
(Includes 3 Outside Members)
General Meeting of Shareholders
Board of Directors
6 Members
(Includes 2 Outside Members)
Representative Directors
CEO, COO, CFO, CTO
Accounting Auditor
(Audit Firm)
Executive Officers and each General Manager
Corporate Audit Center
Execution of the operations of the company
Disclosure Committee
Corporate Strategy Committee
Representative Directors and
Executive Officers with direct control of
an organizational division
Elect/Dismiss
Elect/Dismiss
Approve/Supervise
Instruct/Order
Approve/Supervise
Elect/Dismiss Elect/Dismiss
Audit
Audit
Cooperation
Financial
Audit
Cooperation
Cooperation
Report
Report
Report
Report
Report
Report
Internal Audit
Consult
Financial Risk Management
Subcommittee
Compliance Subcommittee
Business Risk Management
Subcommittee
Risk Management Committee
Cooperation
Report