| Stance and policy | Yokohama Rubber Group is making every effort to fortify and improve the support system for corporate governance to be established in order to realize management with transparency and fairness under our Corporate Philosophy. Thereby, this is becoming the management body to maintain our ever evolving corporate value in order for our management to continue to win un-shakeable credibility. |
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Holding of the Risk Management Committee
At Yokohama Rubber Group, we work to remain aware of new risks and create preemptive control systems and countermeasures aimed at avoiding and preventing these types of risks. The Risk Management Committee, chaired by the Corporate Social Responsibility Division General Manager, was held twice during 2011 in May and November. We identified the risks that arose over the past half-year and verified countermeasures for the prevention of these risks in the future. Specifically, we assumed the tsunami damage that would be caused by major earthquakes strike in the Tokai, Tonankai and Nankai areas, and conducted tsunami evacuation drills at two production bases and 23 sales locations on November 24. A report was made on the risks that were confirmed and reminders relating to pertinent issues were issued throughout the Group.
Initiatives aimed at strengthening our compliance system
A Compliance Committee chaired by the President is held four times a year for listening to reports and holding discussions relating to compliance issues that occurred over the past three months. The contents of reports and consultations include various matters, such as suggestions relating to business operation and problems and dissatisfaction relating to human relationships, and we aim to respond sincerely to all matters in order to build up a structure worthy of the confidence of employees making inquiries.
Initiatives aimed at strengthening our compliance system overseas
In response to strong demands for global compliance in the conduct of everyday business operations, we have launched initiatives aimed at making homogeneous improvements to legal systems and compliance awareness at overseas subsidiaries. From 2011, the Global Compliance Meeting has been held with compliance and legal staff members at overseas subsidiaries for the purpose of sharing the Group's overall basis compliance policies and know-how on compliance activities. In the future, we plan to expand the scope of participating companies to include sales companies.
FY2012 issues and targets
Risk managementWe will study and prepare countermeasures based on the earthquake seismic distribution and tsunami height assumptions that were released in March 2012. In addition, we will take the lessons learned from the tsunami evacuation drills that were conducted in fall 2011 and conduct evacuation drills aimed at avoiding the newly discovered risks. |
Improving the global compliance systemWe believe that it would be ideal to make homogeneous improvements on a global level to the awareness of employees towards compliance, the contents of training, the assessment of problems that occurred, and the ability to respond. Meetings attended by compliance and legal staff members from each overseas subsidiary will be held continuously for the purpose of making improvements in these aspects. |