ESG/CSR
Internal Control
Internal Control
Meiko's corporate governance system is designed to ensure fair management and maximum transparency in its operations, and includes outside directors, as well as auditors, accounting auditors, and an internal audit department that oversee management, all of whom work together to build corporate governance.Internal control is an essential element of corporate governance for improving management efficiency and ensuring the legitimacy of corporate activities, and the Meiko Group is promoting this activity based on the recognition that evaluating its effectiveness and using it to improve management is a corporate mission that must fulfill its social responsibility.
Internal Control System
In accordance with the Companies Act and its Enforcement Regulations, the Board of Directors has resolved and established the following matters regarding the system to ensure the appropriateness of business operations (basic policy regarding the internal control system).
"Basic Policy for Building an Internal Control System"
- Meiko Group's system for ensuring compliance
- System for storing and managing information related to the execution of duties by directors
- Meiko Group's Risk Management
- System to ensure efficient execution of duties by Meiko Group directors
- System to ensure the appropriateness of business operations within the Meiko Group
- System for assistant employees to assist the Audit & Supervisory Board Members in their duties
- System for reporting to auditors
- System to ensure the effectiveness of audits by corporate auditors
Internal Controls for Financial Reporting
Based on the "Basic Policy on Internal Control Systems," and in accordance with the Financial Services Agency's Internal Control Implementation Standards, Meiko has formulated policies and plans regarding its own evaluation policy, procedures, methods, evaluation system, evaluation scope, evaluation schedule, evaluation records and storage, and has also established a management-led evaluation system. In accordance with these policies and plans, we evaluate the effectiveness of company-wide internal controls (including financial settlement and reporting processes) that have a significant impact on overall financial reporting on a consolidated basis, and receive a clean opinion from an auditing firm.
