Governance

Risk Management

Basic approach

With the aim of maintaining and enhancing corporate value, the ShinMaywa Group has established rules and regulations regarding risk management based on the Basic Policy on Creation of Internal Control Systems to appropriately manage various risks associated with corporate activities and to minimize damage in the event that risks materialize. In addition, the section on business and other risks in the Annual Securities Report describes risks that have been evaluated as particularly important.

Promotion Framework

At the Group, each business division and Group company has in place a risk management framework built on its own initiative to suit the characteristics of its business and in accordance with the ShinMaywa Group Risk Management Regulations.
With regard to natural disasters and other risks that are difficult to control, which we identify as major risks common to all companies, we have built a response system for strengthening preventive measures during normal time and minimizing damage in an emergency.
The Head Office has a system for monitoring the status of risk management at each division and Group company and providing support backed by professional knowledge as needed.
The major risks mentioned above are regularly brought for deliberation at the Executive Committee so that they are shared across the Group and to ensure a unified response, and reported to the Board of Directors as a way to secure effectiveness and continued improvement of the risk management framework.

Business Continuity Plan(BCP)

When large-scale natural disasters occur, business activities are greatly affected. In the event of a disaster, we will immediately set up a disaster response headquarters to protect the lives of our employees and ensure their safety, and to fulfill our mission of continuously providing products to our customers by working to quickly resume operation should production activities be interrupted. We have a risk management framework in place to minimize the impact on product supply based on the business continuity plan prepared by each production site.
Furthermore, we have established business continuity management (BCM), which is a comprehensive management process that involves how to disseminate the business continuity plan within the Group and how to utilize it strategically.
Based on the Group’s management philosophy and sustainability management policy, BCM establishes the priorities of “putting human life first,” “maintaining safety and security of surrounding communities,” and “responsibility to provide products and services.”
We have also introduced a Safety Confirmation System, which allows us to centrally manage the safety of employees and their families, as well as the status of damages to facilities. In order to familiarize employees with the system, we every year hold a disaster prevention (evacuation) drill once, a drill on operating the Safety Confirmation System multiple times, and, at the same time, a drill on setting up a disaster response headquarters.

Information Security

Based on our code of conduct, which is grounded in our management philosophy, we have defined our basic approach to information security and the items requiring compliance. We will continue to be a company trusted by society and all stakeholders by fostering governance and a corporate culture that enables all members of the ShinMaywa Group to recognize the importance of information security and act accordingly.

  1. 1.ShinMaywa Industries will comply with all laws, regulations, and contractual requirements related to information security.
  2. 2.ShinMaywa Industries will establish an information security management framework to ensure information security.
  3. 3.ShinMaywa Industries will establish rules, manuals, and other guidelines for information security in accordance with this Basic Policy.
  4. 4.ShinMaywa Industries will appropriately protect information systems and information assets from threats such as leakage, theft, loss, alteration, and destruction.
  5. 5.ShinMaywa Industries will provide regular information security training to those applicable as a means of raising their awareness and technical level.
  6. 6.In the event of an information security incident, ShinMaywa Industries will promptly address the incident and work toward recovery so as to minimize its impact, and also strive to prevent recurrence.
  7. 7.ShinMaywa Industries will periodically evaluate its information security measures in order to continuously improve its information security activities in response to changes in the environment and technology.
  8. 8.ShinMaywa Industries will disclose information related to information security measures in normal times and in the event of an information security incident.