Risk Management Policy
The Board of Directors periodically holds its Compliance and Risk Management Committee.
OTC identifies company-wide risks (including ESG risks such as the environment, natural disasters, human rights, safety and disaster prevention) that have a significant impact on management and holds regular meetings of the Compliance and Risk Management Committee, attended by all members of the Board of Directors, to review the status of risk responses, the effectiveness of the risk management process, etc., and to verify that compliance-related regulations, including the Code of Business Conduct, are functioning effectively on an ongoing basis through confirmation of individual cases.
In the event of a serious risk event, the secretariat responsible for the Compliance and Risk Management Committee (General Manager, General Affairs and Human Resources) immediately reports to the President, who chairs the Committee, and the necessary measures are taken, including convening a meeting of the Compliance and Risk Management Committee.
In addition, business continuity plans are prepared for natural disasters such as earthquakes, storms and floods, and ESG risks such as the outbreak of a pandemic of new coronavirus infections, based on possible scenarios.
