OKI has established the Risk Management Committee (with the President as Committee Chairman, and outside directors and Audit&Supervisory Board members as advisors) in order to manage risks related to the Group's business activities certainly.While it deliberates and decides on basic policies for risk management, the Committee identifies risks to be managed based on the basic policies, and deliberates and decides on policies to prevent the manifestation of such risks, as well as policies concerning scenarios in the event of a crisis.
Risks to be managed are determined by assessing the risks accompanied with the whole Group's business activities, from the perspective of responding to stakeholder requests, as well as the compliance risks (risks associated with violations of laws, regulations, and internal rules). Of these risks, common risks (risks requiring common management across the Group) are registered by the control division and manifestation preventive measures are deployed within the Group. By doing so a management cycle in which the Compliance Committee regularly checks the implementation status has been put into place.
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. For “continuity of business operations,” each business and corporate (headquarter) division develops Business Continuity Management (BCM) and a Business Continuity Plan (BCP), based on BCM Development Guidelines. The contents of each BCP are reviewed annually to improve its effectiveness. In fiscal year 2018, earthquake drills took place across four departments from initial response to implementing the BCP.
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