Toshiba 2008 Annual Report Download - page 46

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42
Corporate Governance
Everybody in Toshiba, management and employees alike, is required to respect the val-
ues and code of conduct clarified in the Toshiba Group Standards of Conduct. In
response to the Companies Act of Japan, which came into force in May 2006, Toshiba’s
board of directors resolved basic policies on the internal control system in April 2006.
Accordingly, Toshiba requested all Toshiba Group companies in Japan to adopt basic
policies on internal control systems by resolutions of their boards of directors, to rein-
force internal control systems throughout Toshiba Group. Toshiba supports Toshiba
Group companies in this by establishing models of basic policies and principal rules
covering internal control systems.
Beyond this, Toshiba has also asked all overseas group companies to adopt the
Toshiba Group Standards of Conduct and to establish internal control systems, includ-
ing introduction of self-audit and improvement programs, while taking into considera-
tion the local circumstances and legal requirements faced by each company.
STRUCTURE TO PROMOTE RISK AND COMPLIANCE MANAGEMENT
Toshiba strives to practice fair and transparent management through a combination of
risk management and legal compliance. A Risk-Compliance Committee has been estab-
lished to handle all related issues, and to support the Chief Risk-Compliance Manage-
ment Officer (CRO) in carrying out the task of risk compliance management for the
Company as a whole. Other committees, including the Technology & Production Com-
pliance Committee and Sales Compliance Committee, have been introduced as vehi-
cles for responding to urgent and serious risks.
Risk Management and Compliance Management Structure
Risk-Compliance Committee
Risk Management Committee
In-house
Company
Risk-Compliance
Committee etc.
Litigation Committee
Overseas Safety Committee
CPL* Examination Committee
*CPL: An abbreviation combining CL (contractual liability) and PL (product liability)
President
& CEO Technology & Production Compliance Committee
Sales Compliance Committee
Toshiba’s Internal Control Systems