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Ricoh Group Sustainability Report 201333
Report
results
Decision
Disclosure
of preventive
measures
Implementation
throughout
the Group
President and CEO
Management division
of each risk
Each division and affiliate
Group Management
Committee
Internal Control
Committee
Proposal and
report
Advising,
monitoring and
training
Issues reports to the Internal
Control Committee on
responses to risk
Assists the supervising
organization on risk
identification and response
from a Group-wide
perspective
Organizes educational and
awareness programs for all
directors and employees
Risk Management
Support Division
Roles
Develops a group risk
management action policy
and proposal to the Internal
Control Committee
Coordination of cross-
organizational risk
management and support
for executives
Monitors responses to risk
throughout the Ricoh Group
The Ricoh Group aims for continuous improvement
based on the values embodied in The RICOH Way.
That includes operating an internal control system
designed to strengthen competitiveness while
maintaining transparency based on principles of
corporate ethics and legal compliance. Ricoh has
established the Ricoh Group Corporate Management
Principles as a set of guidelines for corporate
activities, and follows the Internal Control Principles
included therein.
The Ricoh Group established the Group
Management Committee (GMC) to oversee the
Group’s overall business operations and to enable
quick analysis and decision-making from the
perspective of the best result for the Group as a
whole.
The Internal Control Committee was established
within the GMC to determine action policies, report
incidents, and evaluate and correct the control
system regarding internal controls, risk management
and compliance in particular.
Corporate Management Regulations for Ricoh
Affiliates stipulate the establishment of a supervising
organization to oversee risk at all Ricoh Group
companies.
Ricoh has established a set of common rules
that must be followed — the Ricoh Group Standards
(RGS) — and ensures adherence to these rules across
the Group.
Ricoh has developed a basic disclosure policy to
ensure that the corporate information it releases is
accurate, timely and comprehensive, and set up the
Disclosure Committee, an independent body charged
with verifying the process, to prepare the information
to be disclosed.
Integrated internal audits (U.S. Sarbanes-Oxley Act
audit, financial audit, operational audit, etc.) are
conducted to ensure the reliability of our financial
reports, improve operational efficiency, confirm
compliance to laws and regulations, and to confirm
that risk management measures are being
implemented properly.
The Ricoh Group has deployed its own Fraud Risk
Management (FRM) program that includes a check
for fraud risk. We have adopted a check sheet and
use tools to detect anomalies within large volumes of
data in the integrated internal audit.
Total Risk Management (TRM) system
Based฀on฀the฀Risk฀Management฀Principles฀stipulated฀in฀
the Ricoh Group Corporate Management Principles,
the GMC/Internal Control Committee has established
a risk management area of responsibility for each
business risk and implements thorough risk
management in daily execution and business
operations. In addition, the Group has established a
Risk Management Support Division that provides
comprehensive support for executives, risk
management areas, and all divisions within the Group.
●
●
●
●
●
●
●
Determining and reviewing business risk
The Group assigns a risk value based on frequency
and degree of impact for external risks such as
world trends, incidents and accidents, as well as
for internal risks such as changes in the business
structure, and creates a two-dimensional risk map
to define business risk. This is reviewed annually at
the time the business plan is being created.
Major risks
The Ricoh Group pays particular attention to the
following types of risk to prevent incidents that may
have a major negative impact on corporate business
activities, and to minimize the damage in the event
that they do occur.
•฀Natural฀disasters฀•฀Serious฀accidents฀•฀Exchange฀rate฀
uctuations฀•฀Serious฀quality฀problems฀•฀Difculty฀in฀acquiring฀
raw฀materials฀•฀Leaks฀of฀personal฀information฀and฀corporate฀
secrets฀•฀Bribery฀and฀corruption฀•฀Insider฀trading฀•฀Violation฀
of฀environmental฀regulations฀•฀Violation฀of฀export/import฀
regulations฀•฀Human฀rights฀issues฀•฀Fraud฀in฀relation฀to฀business฀
operations, etc.
Internal Controls Risk Management
•฀Risk฀management฀process