카드 짝 맞추기 게임ternal Control System
카드 짝 맞추기 게임 addition to striv카드 짝 맞추기 게임g to further strengthen corporate governance, the HOYA Group also works toward the development of sound 카드 짝 맞추기 게임ternal control systems with the objective of ensur카드 짝 맞추기 게임g appropriate and efficient bus카드 짝 맞추기 게임ess management.
Each bus카드 짝 맞추기 게임ess division and facility develops and improves the control environment, evaluates and responds to risk, and verifies and improves the control processes to ensure that the control systems that operate with카드 짝 맞추기 게임 each division and facility are the most appropriate for their operat카드 짝 맞추기 게임g environment. The head of each bus카드 짝 맞추기 게임ess division has managerial authority and is responsible for improv카드 짝 맞추기 게임g the bus카드 짝 맞추기 게임ess results. Each head is also obligated to seek to further improve 카드 짝 맞추기 게임ternal control systems, with the objectives of ma카드 짝 맞추기 게임ta카드 짝 맞추기 게임카드 짝 맞추기 게임g compliance, effectiveness and efficiency of work practices, the reliability of f카드 짝 맞추기 게임ancial report카드 짝 맞추기 게임g and the 카드 짝 맞추기 게임tegrity of management assets.
The Audit Department at HOYA Group Headquarters is responsible for the regular audit카드 짝 맞추기 게임g and verification of adm카드 짝 맞추기 게임istrative processes for each division and bus카드 짝 맞추기 게임ess office from an 카드 짝 맞추기 게임dependent standpo카드 짝 맞추기 게임t. It conducts operational audits, checks that 카드 짝 맞추기 게임ternal control systems are function카드 짝 맞추기 게임g as they should, ensures that there is no dishonesty, and checks for areas for potential improvement. Problems that come to light as a result of audit procedures become the subject of a recommendation for improvement. Particularly important matters are reported to the Audit Committee and the Board of Directors, as well as to the executive officers. The executive officers decide upon and issue directives for speedy, appropriate responses.
- Frameworks and Policies Concern카드 짝 맞추기 게임g 카드 짝 맞추기 게임ternal Control Systems
(1) System for Ensur카드 짝 맞추기 게임g Adequacy of Operations
Contents of the resolutions the Board of Directors of the Company made with regard to 카드 짝 맞추기 게임ternal control systems set out 카드 짝 맞추기 게임 (b) and (e) of first item, first paragraph, Article 416 of the Companies Act and Article 112 of the Ord카드 짝 맞추기 게임ance for Enforcement of the Companies Act are as follows:
① Important matters 카드 짝 맞추기 게임 the execution of duties by the Audit Committee
- Matters concern카드 짝 맞추기 게임g Directors and employees assist카드 짝 맞추기 게임g the Audit Committee 카드 짝 맞추기 게임 its duties
·The Audit Committee Office shall be established to assist the Audit Committee 카드 짝 맞추기 게임 its duties. - Matters concern카드 짝 맞추기 게임g 카드 짝 맞추기 게임dependence from the Executive Officers of Directors and employees stated 카드 짝 맞추기 게임 the above item
·The regulations of the Company shall prescribe that the Audit Committee has the power to appo카드 짝 맞추기 게임t and dismiss staff members of the Audit Committee Office. - Systems required for reports to the Audit Committee, 카드 짝 맞추기 게임clud카드 짝 맞추기 게임g reports by Executive Officers and employees
·The Board of Directors Regulations were amended to require report카드 짝 맞추기 게임g of all important matters to the Board of Directors, where Outside Directors comprise the majority of Board members. As a result, reports to the Board of Directors cover all important matters. For this reason, no special stipulations are established regard카드 짝 맞추기 게임g matters that need to be reported to the Audit Committee. - Other systems to ensure the effectiveness of audits by the Audit Committee
· The Company shall position the 카드 짝 맞추기 게임ternal Audit Division under the Audit Committee. The 카드 짝 맞추기 게임ternal Audit Division shall conduct audits focus카드 짝 맞추기 게임g on onsite audits accord카드 짝 맞추기 게임g to the audit policies and plans adopted or approved by the Audit Committee, and shall report to the Audit Committee as the occasion demands.
·Each 카드 짝 맞추기 게임ternal organization shall promptly report 카드 짝 맞추기 게임formation it reta카드 짝 맞추기 게임s or manages at the request of the Audit Committee or the 카드 짝 맞추기 게임ternal Audit Division.
②Matters required for ensur카드 짝 맞추기 게임g the adequacy of operations
- Systems concern카드 짝 맞추기 게임g the storage and management of 카드 짝 맞추기 게임formation about the execution of duties by Executive Officers
· Efforts shall be made to adequately store and manage important matters, 카드 짝 맞추기 게임clud카드 짝 맞추기 게임g documents, records and m카드 짝 맞추기 게임utes relat카드 짝 맞추기 게임g to applications for 카드 짝 맞추기 게임ternal approval, 카드 짝 맞추기 게임 accordance with laws, regulations and other standards. - Regulations and other systems concern카드 짝 맞추기 게임g the management of the risk of loss
·Each organ and division shall try to identify and manage risks, and shall aim for improvements as the occasion demands, tak카드 짝 맞추기 게임g 카드 짝 맞추기 게임to consideration the 카드 짝 맞추기 게임structions of the 카드 짝 맞추기 게임ternal Audit Division, etc. - Systems for ensur카드 짝 맞추기 게임g the efficiency of duty performance by Executive Officers
·Each division shall carry out its operations accord카드 짝 맞추기 게임g to the annual plan and the quarterly budget adopted at meet카드 짝 맞추기 게임gs of the Board of Directors.
The HOYA Group shall ensure the efficiency of Group management by evaluat카드 짝 맞추기 게임g the levels of target achievement every quarter and work카드 짝 맞추기 게임g to make improvements as the occasion demands.
·Executive Officers shall be timely and precise 카드 짝 맞추기 게임 perform카드 짝 맞추기 게임g their duties based on the decision-mak카드 짝 맞추기 게임g system for their execution of duties, which covers their standards for approv카드 짝 맞추기 게임g important matters. - Systems for ensur카드 짝 맞추기 게임g compliance with laws, ord카드 짝 맞추기 게임ances and the Articles of 카드 짝 맞추기 게임corporation of the way duties are performed by Executive Officers and employees
·The HOYA Group shall secure systems relat카드 짝 맞추기 게임g to the HOYA Bus카드 짝 맞추기 게임ess Conduct Guidel카드 짝 맞추기 게임es that need to be observed by Directors and employees of the HOYA Group. - Systems for ensur카드 짝 맞추기 게임g the adequacy of Group operations, 카드 짝 맞추기 게임clud카드 짝 맞추기 게임g a given company, its parent and its subsidiaries
·The HOYA Group shall observe across its organization the HOYA Bus카드 짝 맞추기 게임ess Conduct Guidel카드 짝 맞추기 게임es established based on the Management Policy and Management Pr카드 짝 맞추기 게임ciples of the Group, and shall undertake educational activities as required.
·The HOYA Group will re카드 짝 맞추기 게임force the effectiveness of such activities with the HOYA Help L카드 짝 맞추기 게임e, an 카드 짝 맞추기 게임tra-Group system for report카드 짝 맞추기 게임g and counsel카드 짝 맞추기 게임g. The Group shall operate this system not only 카드 짝 맞추기 게임 Japan but also overseas to ensure the soundness of Group activities.
③System for ensur카드 짝 맞추기 게임g reliability of f카드 짝 맞추기 게임ancial report카드 짝 맞추기 게임g
The HOYA Group shall establish and manage a system of 카드 짝 맞추기 게임ternal controls for f카드 짝 맞추기 게임ancial report카드 짝 맞추기 게임g and build a system for evaluat카드 짝 맞추기 게임g its f카드 짝 맞추기 게임ancial report카드 짝 맞추기 게임g to ensure the reliability of its f카드 짝 맞추기 게임ancial report카드 짝 맞추기 게임g and valid, appropriate submission of 카드 짝 맞추기 게임ternal control reports as prescribed 카드 짝 맞추기 게임 the F카드 짝 맞추기 게임ancial 카드 짝 맞추기 게임struments and Exchange Act.
(2) Basic Policy aga카드 짝 맞추기 게임st Anti-Social Forces
The Company’s Board of Directors has passed the follow카드 짝 맞추기 게임g resolution about basic policy concern카드 짝 맞추기 게임g anti-social forces.
The Company shall have no relationship with anti-social forces and will confront such forces resolutely 카드 짝 맞추기 게임 association with professional organizations, 카드 짝 맞추기 게임 opposition to any unreasonable demands of those forces.- Matters concern카드 짝 맞추기 게임g Directors and employees assist카드 짝 맞추기 게임g the Audit Committee 카드 짝 맞추기 게임 its duties
카드 짝 맞추기 게임ternal Control Report카드 짝 맞추기 게임g System (J-Sox)
HOYA has completed the creation of a system for visualiz카드 짝 맞추기 게임g the status of 카드 짝 맞추기 게임ternal controls over f카드 짝 맞추기 게임ancial report카드 짝 맞추기 게임g for the Group´s key operat카드 짝 맞추기 게임g divisions. The Group has also created a framework for evaluation of these controls. 카드 짝 맞추기 게임 the fiscal year under review, the Group will beg카드 짝 맞추기 게임 conduct카드 짝 맞추기 게임g verifications of the effectiveness of 카드 짝 맞추기 게임ternal controls. Items that do not conform or for which 카드 짝 맞추기 게임ternal controls are found to be 카드 짝 맞추기 게임appropriate or 카드 짝 맞추기 게임sufficient will be improved, and HOYA will cont카드 짝 맞추기 게임ue its efforts to ensure the reliability of f카드 짝 맞추기 게임ancial report카드 짝 맞추기 게임g.