Switch Screen

  • Computer
  • Smartphone

Home  >  Investors >  Management >  Corporate Governance >  Status of establishment of risk management system

Print
Font Size S L

Status of establishment of risk management system

[As of December 25, 2018]

We, at the CRESCO Group, study risks and identify important risks in order to build a system for preventing expansion of damage and keeping any damage to a minimum. Regulations for Risk Management have been formulated to secure a system for preventing the risks identified and responding to such risks if they become apparent and for establishing a risk management system for each responsible department. We have a company-wide risk management system in place where the responsible department is assigned for each risk category, a plan containing specific response measures is developed by giving priority to important risks, and the Legal Department leads the coordination with the Internal Control Committee and the Compliance Committee. Regulations for Risk Management have been formulated to secure a system for preventing the risks identified and responding to such risks if they become apparent and for establishing a risk management system for each responsible department. We have a company-wide risk management system in place where the responsible department is assigned for each risk category, a plan containing specific response measures is developed by giving priority to important risks, and coordination with the Internal Control Committee is made.
With adequate understanding of the importance of managing business risks, etc., we face, efforts are made to ensure proper risk management by reinforcing our systems, increasing sophistication of control methods and controlling each risk so as to ensure management soundness and increase earnings power.