Casio 2015 Annual Report Download - page 13

Financial Section
Management
Foundation Corporate Data
Annual Report 2015 CONTENTS / 4212
Prole To Our Stakeholders Casio's Strength Special Features Financial Highlights
3. System of rules and other methods to manage
the risk of Group losses
(1) The Group has a system to manage risks that can
have a significant impact on management. The
system is promoted in a unified way by the
relevant departments and the Secretariat under
the CSR Committee, based on the Risk
Management Rules.
(2) Fundamental Policies on Product Safety and an
implementation system have been established
with the understanding that maintaining customer
confidence in product safety is an important
management issue.
4. System to ensure the efficient performance of
duties by directors and employees of the
Company and Group companies
(1) Attended by the Company’s directors and
statutory auditors, meetings of the Board of
Directors are held to discuss and decide
important management issues facing the Group,
at least once a month in principle, and make
prompt and reasonable decisions.
(2) The Company’s executive officers, directors, and
statutory auditors attend meetings of the Board of
Executive Officers to discuss and decide
important business execution matters. They
ensure Group-wide coordination and smooth
implementation of measures.
(3) Detailed execution procedures are outlined in the
Executive Decision Making Authority Rules and
the Group Company Decision Making Authority
Rules.
(4) Group companies have created a system for
performance of duties based on consolidated
management plans, the Group Company Decision
Making Authority Rules, and various basic Group
policies.
5. System to ensure proper Group operations
(1) To ensure proper operations, the Group has
various rules based on the Charter of Creativity for
Casio, Casio Common Commitment, and Casio
Code of Conduct.
(2) The Company has a system for assigning
directors or executive officers responsibility for
specific Group companies. The relevant directors
and executive officers perform Group company
management through a system that requires
reporting to and approval by the Company, in
accordance with the Group Company Decision
Making Authority Rules. They also perform
monitoring as necessary.
(3) The Group has built a system to ensure the
adequacy and reliability of financial reporting. The
Group makes improvements after inspecting
internal controls related to business flow and
financial reporting, documentation, evaluation.
6. System for employees that assist the Company’s
statutory auditors in the performance of their
duties, and the independence of those
employees from the directors
(1) Employees are appointed to assist the statutory
auditors in their duties.
(2) Matters concerning the appointment, transfer,
evaluation or discipline of employees who assist
the statutory auditors require the prior consent of
the Board of Statutory Auditors.
7. System for Group directors and employees to
report to the Company’s statutory auditors,
other systems for reporting to the Company’s
statutory auditors, and systems to ensure that
audits by the statutory auditors are performed
effectively
(1) If something is discovered that is likely to cause
significant damage to the Group, if a violation of a
law or the Articles of Incorporation occurs, or if
business is executed illegally, the Company’s
directors and employees must immediately report
it to the statutory auditors.
(2) If something is discovered that is likely to cause
significant damage to the Group, if a violation of a
law or the Articles of Incorporation occurs, or if
business is executed illegally, the directors,
auditors and employees of a Group company must
immediately report it to the Company’s officer with
responsibility at the Group company, and the
officer with responsibility must immediately report it
to the company’s statutory auditor.
(3) If a Group company’s directors, auditors and
employees determine that a management action
or guidance from the Company may violate the
law or create a compliance issue, they must
report it to the Company’s statutory auditor.
(4) The Group’s directors and employees provide the
required reports and information in response to
requests from the Company’s statutory auditor.
(5) The Company’s Internal Audit Department
periodically reports the results of Group audits to
the Company’s statutory auditor.
(6) The Whistleblower Hotline Secretariat reports the
status of whistleblower reports and measures
taken to the Company’s statutory auditor.
(7) The Group ensures that people who have made a
report to the Company’s statutory auditor are not
penalized.
(8) The Company promptly processes any requests it
receives for the prepayment or refund of expenses
arising from the performance of duties by the
Company’s statutory auditor.
(9) The Company’s statutory auditors can attend any
important internal meeting of the Company.
(10) Important Group approval documents s are
reported to the Company’s statutory auditors
after approval.
Risk Management
In line with our Basic Risk Management Policy, we have
created a system to effectively and efficiently manage
risk. The Chairman of the CSR Committee appoints a
Chief Risk Management Officer, and the CSR Committee
Secretariat and main risk management departments
discuss issues including the potential impact on
operations and probability of risks and select themes.
The members of the CSR Committee from main risk
management departments develop programs during
the planning stage for the designated risk management
themes. They plan and execute countermeasures to
avoid and mitigate risk, implement measures for
departments and Group companies that are exposed
to risks, and assiduously provide information to ensure
risk awareness.
In addition, the CSR Committee Secretariat
implements its management system using a PDCA
cycle. It deliberates and discusses, promotes action,
manages and evaluates progress, and conducts
monitoring.
The Internal Audit Department audits the CSR
Committee’s risk management to confirm that it is
operating properly.
Chief Risk Management Ofcer
CSR Committee
Risk Management Committee
Internal Audit Department
Risk Management Committee Secretariat
Staff function departments
Casio Computer Co., Ltd., Group companies
Risk Management System
Corporate Governance