Olympus 2012 Annual Report Download - page 19

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Strengthening the Compliance System
Olympus will commence initiatives to raise compliance awareness and strengthen the compliance promotion system.
Measures to Remove the “Securities on Alert” Designation
Board of Auditors
3
Statutory Audits Internal Audits
Compliance Promotion
Global Compliance
Committee
Compliance contact
channel (external)
President
Board of Directors
Compliance Oversight
Compliance contact channel (internal)
Group Compliance Division
Chief
Compliance
Officer (CCO)
Japan
Americas
Europe
Asia
Group Internal
Audit Office
2
4
Compliance
Committee 1
Establishment of a Compliance Committee
chaired by an outside director
Appointment of a Chief Compliance Officer
(CCO) and development of a compliance
promotion organization
Compliance commitment declaration by the
management team and enhancement of compliance
education at all organizational levels
Upgrading of the internal compliance-related
reporting system
Upgrading of the compliance helpline (external)
1
2
3
4
2012
Mar. Apr. May Jun. Jul. Aug.Sept. Oct. Nov. Dec.
2013
Jan. Feb.–May
Aiming to remove the designation within one year
Formation of an internal project team in March 2012
Future project team expansion to more than 100 staff members Groupwide
Internal system development period Internal system implementation period
Review period
System development
Implementation of improvement measures
Regulations development
Identification of
improvement
measures
Submission of
internal
confirmation
document
OLYMPUS 󱚈 Annual Report 2012 17