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- Steady Promotion of Risk Management
Sustainability
Sustainability of the OKI Group Risk Management/Compliance
Steady Promotion of Risk Management
Ensuring Risk Management Through the Risk Management Regulations
OKI ensures that risks are managed based on its Risk Management Regulations in order to prevent the occurrence of risks in its corporate activities and to take appropriate measures in the event that such risks do occur. These regulations define matters such as potential risks, the divisions responsible for each risk, and their countermeasures, and also stipulate a system for responding to crises.
Risk Management Initiatives
The OKI Group has established the Risk Management Committee, chaired by the President, to ensure that risks related to corporate activities are grasped and managed properly. The Committee deliberates and decides on basic policies for risk management and identifies risks to be managed based on such policies and the division responsible for said risks. It also deliberates and decides on policies for preventing the materialization of risk and policies to address crisis scenarios.
Risks inherent in each company and division are defined and classified into three categories: risks that should be considered at the management level (management risks); risks that should be recognized and identified in relation to business activities (business risks); and risks that are common to each company and division and should be managed across the Group (common risks). Of these risks, the risks to be managed are chosen. The responsible control division deploys preventive measures for common risks within the Group, while the Compliance Committee regularly checks the implementation status. In this way, we are putting in place a sound risk management cycle. Since fiscal year 2020, OKI has identified the business risks for each of its business groups in order to strengthen the management of these risks, and the same was done at major subsidiaries in fiscal year 2021. OKI is making progress in creating the management cycle and developing its framework.
To swiftly identify and resolve problems, we also established the OKI Group Risk Incidents Reporting System, which ensures that potential risk events, crises, and situations that may lead to such events are promptly reported to the Risk Management Committee.
Risks to Be Managed
Related Information
Emergency and Disaster Response
The OKI Group has established Safety Countermeasure Committees at its domestic and overseas sites, as well as at subsidiaries, in order to ensure "protect people's lives," "prevent secondary accidents," "contribute to local communities and foster good relationships with them,” and “continuity of business operations” in the event of disasters. Among them, OKI established and conducts regular reviews of the Business Continuity Management (BCM)/Business Continuity Plan (BCP) based on the BCM Development Guidelines in each division for the "continuity of business operations."
In fiscal year 2021, the COVID-19 Task Force that was established in January 2020 continued to conduct initiatives to prevent the spread of the virus and maintain business continuity, such as transmitting information about the status of the virus in Japan as well as identifying and handling those infected inside the Group. In the wake of the outbreak of the Russia-Ukraine issue in February 2022, response headquarters were established in the relevant business divisions and continue to deal with the situation in coordination with the sites.
OKI is also striving to respond more quickly and appropriately by continuously reviewing initial countermeasures for natural disasters, such as earthquakes, typhoons, and floods.
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