Hoosiers Holdings Amends Internal Control System Policy

TOKYO, Jun 24 (Pulse News Wire) – Hoosiers Holdings CO.,LTD. (3284.T) announced amendments to its internal control system policy following a board meeting held.

The revised policy ensures efficient execution of duties by directors and management within the group through regular meetings such as monthly board sessions and cross-functional committees focusing on governance, compliance, sustainability, and risk management. Under the amended policy, Hoosiers Holdings implements comprehensive measures to ensure compliance with laws and regulations. Regular compliance risk management committee meetings are conducted, led by the CEO, involving key executives and department heads. Additionally, whistleblower procedures are established to encourage reporting of violations. To manage potential losses, the company maintains robust risk management protocols.

Internal audits are regularly performed by the internal audit division, which reports findings directly to the CEO for immediate action. Cross-group risks are identified and addressed under the oversight of legal department officials and reviewed by the compliance risk management committee chaired by the CEO. Furthermore, the company ensures appropriate documentation and management of information related to directorial duties according to established policies and manuals. Group-wide adherence to business standards is enforced through the Fujiers Group Conduct Guidelines and regular reviews during important meetings. Financial reporting integrity is maintained through effective internal controls overseen by the board of directors.