We also regularly evaluate the management and operation of our system to ensure the reliability of our financial reporting. The results of these evaluations are reported to Representative Directors.
Structures to ensure that the operations of the Company's and its subsidiaries are adequate(1) The Company's headquarters, divisions and business units take all necessary steps to provide effective guidance on group company business operations.
Internal rules have been established for accounting, there is a Chief Financial Officer, and there are measures for enhancing the system for ensuring that financial reporting is done properly.
System for directors and employees to report to Corporate Auditors, other systems for reporting to Corporate Auditors, and systems for ensuring that audits by Corporate Auditors are effectively conducted.
System to ensure efficient execution of duties by the Directors The Company will introduce an executive officer system, seek to strengthen the decision-making and supervisory functions of the Board of Directors, and clarify responsibility for the execution of such duties.
System to ensure effective and valid auditing by statutory auditor(s) in CK Statutory auditor(s) shall have an opportunity to exchange views with the President/Representative Director of CK on a regular basis and receive regular reports from the auditing(accounting) firm.
Systems to ensure that the execution of duties by the Directors of subsidiaries is conducted efficiently The Company will regularly receive reports on the status of efficient execution of business in accordance with the authority and responsibility for execution of duties prescribed by subsidiaries in their internal regulations.
(1) The system to ensure the appropriate execution of duties of officers of the corporate group of the initial listing applicant is deemed to be properly established and appropriately operated in light of matters including those enumerated in the following a. and b.: a.
Other systems to ensure that audits by the Corporate Auditors are performed effectively The Representative Directors and Corporate Auditors meet periodically to exchange opinions. The Corporate Auditors may attend important meetings to exchange information with Directors and employees thoroughly.
System to ensure effective execution of duties by directors of each Group company 1 The Board of Directors of the Company passes resolutions on important management issues and individual projects at regular monthly meetings of the Board of Directors and extraordinary meetings of the Board of Directors that are held as needed.
Systems to ensure that the execution of duties by Directors conforms to laws and regulations and the Articles of Incorporation The Company will enact the"Cybernet Group Compliance Policy Guidelines" as a corporate code of conduct, and will develop compliance regulations and seek their establishment.
To this end, we are working to establish a system to ensure legal compliance and the accurate performance of administrative work. In addition, to ensure proper corporate governance, it is essential to fulfill our duty of accountability through regular disclosure of corporate information.
A system that ensuresthat business by the Directors of Aisin AW and its subsidiaries is efficiently executed Aisin AW shall perform consistent policy management by setting specific policies at every level of each organization based on the Group's management policies.
System to ensure the appropriateness of operations in the corporate group comprised of the Company and its subsidiaries Systems for reporting to the Company on matters relating to the execution of duties by Directors of subsidiaries The Company will ensure the appropriateness of management of subsidiaries by enacting the"Regulations for Management of Affiliated Companies" and establishing a system of approvals by the Company and reporting to the Company.
Other frameworks to ensure appropriate execution of the Group's business(1) As a holding company, the Company shall monitor and supervise business execution of its subsidiaries from the standpoint of shareholders, and shall itself undertake the execution of businesses common among the Group in a unified, efficient, and appropriate manner, in order to maximize the corporate value of the Group.
System to Ensure Effective and Accurate Execution of Duties As set forth below, the Company shall delegate authority for the execution of job duties, prescribe rules regarding decision-making and reporting, establish a command and control structure, and effectively utilize management resources to ensure that the Company Group's Officers and Employees execute their duties properly and efficiently.
Systems to ensure that the actions of the corporate group, comprising the Company, its parent companies, and subsidiaries, are appropriate JAT has established a system to ensure appropriate execution of operations at the Group companies in accordance with the Internal Regulation on Management of Affiliated Companies, which defines the basic policy on subsidiary management by the parent company and appropriate transactions between the parent company and its subsidiaries.
Other systems for ensuring the effective implementation of audits by the Audit& Supervisory Committee(1)The Audit& Supervisory Committee shall exchange opinions regularly and as required with the representative directors and consult regularly and maintain close relations with the Independent Auditors and Audit Department in order to enhance the effectiveness of audits.
Other systems that ensurethat Auditors perform audits effectively on Aisin AW and its subsidiaries 1 To enhance the effectiveness of the audits performed by Auditors, Directors shall proactively cooperate with Auditors in their auditing activities, such as attending important meetings, inspecting important documents, performing on-site audits on the plants and subsidiaries of Aisin AW, and holding meetings with financial auditors.
A system to ensure that the execution of business by employees conforms to laws and regulations and the Company's Articles of Incorporation The Company is working to ensure compliance through formulation and implementation of a compliance promotion plan, based on its Compliance Rules and other internal rules. The Company also maintains a Risk Management Special Committee and a compliance structure to prevent violations of laws and regulations and its Articles of Incorporation.
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