The Company maintains its agility by clarifying the responsibilities of each part of its organization and by adopting a management system that supports timely decision-making and implementation. Moreover, by actively soliciting external opinions and incorporating positive suggestions in its operations, Daicel is maintaining the soundness of its corporate management while improving management transparency and fairness.
In addition, Daicel has adopted an internal company system. Through this system, the Company is promoting various initiatives aimed at strengthening collaboration among its production, sales and R&D functions, improving productivity and strategic functions within its corporate departments, and reestablishing its R&D structure. The Company has established a corporate framework under which its Board of Directors makes management decisions in an efficient manner and fulfills its supervisory functions, and its Audit & Supervisory Board accomplishes its auditing and supervisory functions. Such a framework has enabled us to keep reinforcing our corporate governance.
Internal Control Systems
●Basic Policy for Structuring Internal Control Systems
The Auditing Office assesses the effectiveness of the Company’s internal control over financial reporting in order to prepare and submit a report to the Financial Services Agency (FSA). Through these activities, the Auditing Office is striving to ensure the reliability and transparency of Daicel’s financial reporting.
Risk Management Initiatives
Daicel established the Risk Management Committee in 2006 as an organization to coordinate and promote Companywide risk management activities. Since its establishment, the Risk Management Committee has guided the entire Company in aggressively conducting risk management activities.
＞For more information on risk management initiatives, please visit this website.