Yamaha 2006 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2006 Yamaha annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

40
Risk management systems
Yamaha has established a flexible and
optimum structure to facilitate timely response
to risk based on the potential degree of
business impact. Individual departments,
central committees and a group-wide risk
management system each deals with the
various risks that occur in business execution.
The central committees involved with risk
management are the Compliance Committee,
the Brand Management Committee, the Quality
Committee, the Environment Committee, the
Export Screening Committee, the Personal
Information Protection Promotion Committee
and the Health and Safety Promotion
Committee.
The chart below illustrates corporate
governance structures and internal control
systems at Yamaha as of June 27, 2006.
Selection
Selection/dismissal/supervision
Auditing
Appointment/dismissalAppointment/dismissal Appointment/dismissal
Accounting
Auditors
Board of Directors
8 persons (incl. 1 Outside Director)
Board of Auditors
4 persons
（incl. 2 Full-time Auditors）
(incl. 2 Outside Auditors)
Reports
*1
*2
Reports
Reports
Selection
*1 Appointment/dismissal
*2 Judgments regarding
appropriateness of auditing
Group Managers
5 Directors
Representative Directors
2 persons
Corporate Auditors Office
Companywide Governance
Committees
Guidance
Internal Auditing Division
Recommendations
and reports
Management
Meeting
7 Directors
Companywide Special
Promotion Committees
Promotional Headquarters,
Screening Committee
Executive Officers
Individual Business Divisions Staff Divisions
Group Companies
Advice
Advice
Auditing
13 persons
Guidance/advice
Guidance/advice
Guidance/advice
Emphasis on Corporate Social Responsibility (CSR) in Management