Toshiba 2003 Annual Report Download - page 13

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11
TOSHIBA CORPORATION 11
TOSHIBA CORPORATION
Thoroughgoing Risk Management
In a turbulent, fast-changing business envi-
ronment, it is imperative that risk
management is at the forefront of manage-
ment’s concerns. The recent revisions to the
Japanese Commercial Code are clear in re-
quiring companies that make the transition
to the Company with Committees system
to set up an internal control system for
managing risk and compliance with laws
and other requirements. Toshiba has al-
ready established a strong system for risk
management throughout Group opera-
tions. Measures already implemented
include a corporate Risk Management
Committee and a comprehensive compli-
ance system, all of which will be evaluated
and improved on as necessary.
Openness and Accountability
Toshiba regards proactive investor relations
activities as an essential component of full
management transparency, and constantly
strives to maximize information disclosure.
The quarterly reports we initiated in the
quarter ending in December 2001 play a key
part in this pursuit, allowing us to provide
stakeholders with timely updates on fore-
casts and business conditions. And since we
also consider the exchange of information to
be a mutual process, stakeholder views,
opinions and suggestions are routinely re-
ported to Toshiba’s management. In other
words, we place central importance on in-
creasing shareholder value through positive
investor relations activities.
GROWTH POLICIES THAT MAKE TOSHIBA A WINNER
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