Risk Management
Maintaining a Risk Management System
Akebono has established a Risk Management Committee, an entity chaired by the Representative Director and CEO and tasked with construction and maintaining of a risk management system. The committee identified a total of 12 potential risk areas: HR, quality, technology, market environment changes, overseas operations, procurement, disasters, compliance, information management, eco-friendliness, intellectual property and post-merger integration. We are working to reduce risk in all these areas, by establishing responsibilities, finding countermeasures and maintaining goals and completion schedules.
The results of our initiatives are shown on the Risk Evaluation Map at the end of each fiscal year, with most serious risks utilized as base for next year undertakings, either by increasing their control level or by other means.
Risk Management System
Information Security Framework
To adequately protect information assets, Akebono clarifies processes for handling information According to degree of risk and importance, we protect customer data as well as internal system data from a variety of threats, including negligence, accidents, disasters and criminal activities. Akebono also ensures information security by rising awareness through education and training based on security rules. Such awareness is cultivated not only among the Board of Directors but also among staff members across the Group, both in Japan and overseas We regard information security as a matter of utmost importance and constantly improve our management system capable of adapting to a changing environment.
General Stance on Large Stock Purchases
Our stance on large stock purchases is that the prospective buyer should abide by the reasonable rules established and announced by Akebono, by disclosing adequate and complete information to the Board of Directors in advance of such purchase. If a stock purchase is deemed to be in violation of these rules, the Board of Directors will take appropriate measures to protect the interests of our shareholders.
We believe that the decision on whether to trade stock in reaction to a large stock purchase is to be made by our shareholders. We also believe that the best approach on whether to introduce, continue, or abolish specific measures related to said large stock purchase should be discussed at the general shareholders' meeting to directly confirm the intentions of our shareholders.
