Risk ManagementAbout Risk Management
The Nippon Chemi-Con Group has drafted the Basic Policy for Risk Management and works to maintain and enhance our risk management system based on the Basic Regulations for Risk Management and related guidelines. This is to prevent the risk of a serious negative impact on operations, including man-made disasters and natural disasters, and to minimize the impact on stakeholders in the event of such disasters.
Basic Policy for Risk Management
The environment surrounding Nippon Chemi-Con and its affiliates (hereinafter collectively referred to as "Nippon Chemi-Con Group") - including the rapid progress of information technology, expanding globalization, environmental problems, and increasing awareness for legal compliance, etc. - is changing rapidly and will continue to change in the years to come. Under these circumstances, there exist a number of risks of facing artificial disasters and natural disasters.
In order to achieve the Company's Management Policies, it is necessary to respond to these environmental changes, along with eliminating every risk as much as possible. Furthermore, the influences upon the stakeholders need to be minimized in case of emergency. Taking these aspects into consideration, Nippon Chemi-Con will develop and make improvements in "Risk Management".
- Objectives
- The objective of risk management is to carry out CSR (corporate social responsibility) practices. Nippon Chemi-Con Group will strive to ensure the safety of the company's employees, its families, and customers, safeguard the company assets, and swiftly restore and maintain the ongoing business.
- The objective of risk management is to achieve company's social trust. Nippon Chemi-Con Group will strive to eliminate the influences upon the stakeholders, contribute to the early stabilization of local economy, and place priority on humanitarian consideration.
- Action Guidelines
Every member of Nippon Chemi-Con Group, including executives and employees, is responsible for the management of risk. Recognizing that every aspect of corporate activity involves some risk, all the members of the Nippon Chemi-Con Group will implement risk management practices at every phase of the performing tasks respectively.
Risk Management Promotion System
In the Nippon Chemi-Con Group, the chief risk management officer oversees a risk management committee, which promotes policy related to risk management. This committee works to draft risk management policy that is applied to the entire Group, draft action plans related to risk management, and conduct monitoring of implementation progress for these initiatives. The committee is comprised of the chief risk management officer, managers of departments in charge of risk management, and Audit & Supervisory Board Members. The committee meets once each half year and holds provisional meetings when necessary.
The committee reports the risk management status to the Board of Directors and the Executive Committee Meeting twice a year.
