Omron 2009 Annual Report Download - page 48

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46
Basic Policies
Omron continually sees to strengthen its compliance sys-
tem and maintain a risk management framework to support
fair and appropriate business operations through proper
administration and control of risk in every aspect of its man-
agement and business and to ensure steady corporate
growth and preservation of management resources.
Global Promotion of Compliance Activities
The Omron Group has established a corporate ethics pro-
motion system designed not only for domestic affiliated
companies but for affiliates outside Japan as well under
the Group CSR Committee, which oversees CSR imple-
mentation and activities. In fiscal 2008, the Company
appointed corporate ethics officers in the Greater China
and Asia Pacific regions. We plan to keep appointing cor-
porate ethics promotion officers in our operating regions
around the world and conduct training on legal and other
issues, as we seek to realize comprehensive compliance
coverage for the entire Omron Group. We have also des-
ignated each October as Corporate Ethics Month in Japan
and are inviting external ethics experts to conduct execu-
tive training and providing on-the-job training for all
employees.
Note: Please see Business and Other Risks on page 58 for further details.
Internal Controls
Omron conducts two audits to ensure the healthy and
effective operation of its organization. The Internal Control
Comprehensive Audit is conducted to ensure that the
internal controls are functioning effectively in each of the
four objective areas of financial report accuracy, legal
compliance, operating efficiency, and asset safeguard-
ing. The Management Audit examines the solutions and
improvement measures implemented for specific man-
agement issues.
The Internal Control Comprehensive Audit includes a
self-assessment system of check sheets designed to
enable the audited department to deepen understanding
of issues identified in the audit and implement more effec-
tive improvement activities. In addition, the Company has
established a Corporate Auditor Office and placed full-time
auditors in each of four regions of business (the United
States, Europe, Asia Pacific, and Greater China) to imple-
ment the Internal Control Comprehensive Audit at its
business sites worldwide.
Award of Excellence received at the 2009 Integrity
Award Grand Prize
In recognition of the broad coverage and high level of
integrity and transparency of its internal control system,
Omron was awarded the Award of Excellence at the
2009 Integrity Award Grand Prize ceremony held by the
Integrity Award Council. The Company was particular-
ly commended for its longstanding management
commitment to systematizing and practicing CSR.
Compliance and Risk Management