The Nikon Group is establishing the basic policy in internal control system as well as improving and enhancing its internal control system - in areas including the compliance framework, the internal audits, the information management, and the risk management - in order to ensure effective and efficient operations, reliable financial reporting, and preservation of assets, in addition to compliance with relevant laws and regulations.
Recent Measures to Reinforce Internal Controls
- Establishment of Internal Audit Department
- The Internal Audit Department was established in October 2005 with the primary objectives of promoting and monitoring the operation of Nikon Group internal controls, and making recommendations for improvement. Since then, the scope of auditing has been expanding accordingly.
- Information Resource Control
- Guidelines on classifying confidential information were instituted in February 2006 to specify the different type of restricted data. Nikon continues striving to increase the effectiveness of its information management. Also, a coordinated information management framework was reinforced to protect our company's entire information resources and promote fair, effective operating performance. With this framework, the company is doing its utmost to give its employees and directors more complete power to keep and control information.
- Risk Management
- The Risk Management Committee was created in April 2006 to formulate risk management policies that incorporate business continuity plans and internal controls in numerous fields, including corporate ethics, environmental management, quality control, export control and accident prevention. This body also conducts education and training on risk management and supervises associated activities. The business continuity management system is also established to facilitate quick business recovery in the event of a crisis.
