Omron 2015 Annual Report Download - page 37

The Global Risk Management and Legal HQ acts
as the managing office administering the
operations of the
Corporate Ethics and Risk
Management Committee
. This committee
deliberates and carries out measures in
coordination with Omron global headquarters,
domestic business divisions, and overseas
The Omron risk matrix is one specific example of
how we deal with risk across our organization.
Each year, we identify and analyze global risks.
We evaluate these risks and categorize them
according to the gravity of the issue.
S-rank risks
are the most significant, while less-significant
risks are categorized as
A-rank risks. Next, the
Executive Council discusses and proposes
measures to deal with risks that affect the
Company as a whole. Omron uses the PDCA
cycle (Plan, Do, Check, Act) to confirm execution
and take any corrective actions. Finally, we report
our results to the Board of Directors and to
external shareholders/stakeholders.
Looking toward fiscal 2015, we identified
several S-rank risks. These risks include business
continuity, violation of international laws (bribery,
etc.), and information/IT security. As A-rank risks,
we identified employee safety, internal fraud,
conformance with the Electronic Industry
Advancement Framework
Fiscal 2014 Initiatives
headquarters. The Company has appointed risk
managers charged with compliance and risk
management in Group locations around the
world. These risk managers use our global
network to communicate risk information and
quickly organize to take action in response to risk.
Citizenship Coalition, conflict minerals,
occupational health and safety, and global product
safety regulations.
During fiscal years 2013 and 2014, we
conducted business continuity training to prepare
against a possible disaster at our business
headquarters locations. In terms of how we
handle personal information, we continue to
perform reviews and provide training based
on a defined plan to reduce associated risks.
During fiscal 2015, we will upgrade our use
of the PDCA cycle in integrated global risk
management, incorporating this practice as a
more critical component of our management
activities in this area. In particular, we intend to
refocus our efforts overseas, giving our global
area headquarters more responsibility and
authority to lead risk management in a manner
appropriate to their local circumstances.
Responding to Global Change through Stronger Integrated
Global Risk Management
New Global Risk Management and Legal Headquarters placed under office of the President
and CEO
The Omron Group faces a wide range of risks related to compliance and legal issues. We employ
Integrated Global Risk Management as the basis of our activities to collect information and make plans
related to risk.
Omron’s basic policies for Integrated Global Risk Management are defined in the Board of Director
Basic Policy on Maintenance of Internal Control System. The Omron Group Rules for Integrated Risk
Management
provide the framework for risk management engagement. This framework is in effect at all
Omron locations around the world.
Integrated Global Risk Management Vision
Based on the Basic Rules of Integrated Global Risk Management, we
will endeavor to avoid, reduce, and transfer losses by collecting risk
information, conducting risk analyses, and implementing
countermeasures against risks.
We will identify critical risks to the Group and enable Groupwide
responses through the Executive Council.
In a time of crisis, we will make reports in accordance with established
procedures and form response teams necessary to address the crisis.
We will integrate and carry out risk-related activities from a global
perspective for the purpose of securing the continued existence of the
Companies and enabling them to achieve their targets and fulfill their
corporate social responsibilities.
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Compliance and Risk Management
About Omron Where We’re Headed Corporate Value Initiatives Corporate Value Foundation Financial Section
Integrated Report 2015 71
70 OMRON Corporation