Kyosan Electric Manufacturing Co.,Ltd. [6742.T]
TOKYO, Jun 24 (Pulse News Wire) – Kyosan Electric Manufacturing CO.,LTD. (6742.T) amended parts of its internal control system following a board meeting held.
Key changes include enhancing oversight functions through the nomination and remuneration committee and ensuring regular compliance education for all employees. The amendments aim to strengthen governance and risk management processes while maintaining transparency and ethical standards across operations.
The company's revised structure includes six directors, four of whom are external, serving one-year terms to ensure dynamic adaptability to changing business environments. Additionally, the firm established a Risk Management Committee overseeing various sub-committees focused on operational, financial, disaster, and cybersecurity risks.
Compliance remains a cornerstone, with the president acting as the Compliance Officer and implementing comprehensive training programs based on the "Compliance Basic Regulations." All staff members adhere strictly to legal and regulatory requirements, fostering a culture of integrity and accountability throughout the organization.
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