Risk Management

Risk Management Initiatives

Basic Stance on Risk Management

CTC conducts centralized risk management of common group-wide risks* using unified group-wide risk management mechanisms (including the discovery and identification, analysis and evaluation of risks and the formulation of risk countermeasures). In addition to this, we also conduct damage limitation and recovery activities-and preemptive initiatives envisaging possible damage-for major incidents that could dramatically lower our corporate value, in the form of crisis management activities. We evaluate the effectiveness of these risk management mechanisms and the efficiency of our risk management activities on a timely basis, and take appropriate steps to rectify them as and when necessary.
By ascertaining risks from an integrated, group-wide, management-oriented perspective, managing them by rational and appropriate methods, and seeking to minimize losses and maximize revenues, we aim to improve our corporate value.

* Common group-wide risks: major risks at the level that corporate management should become involved. The major group-wide risks are as follows:
Management, compliance, information security & Information system, Accounting & Tax, Human asset & labor, Business Development, Asset management, investment, disaster,etc.

Risk Management Structure and Risk Management Activities

CTC has established the Risk Management Committee under the supervision of the director in charge of risk management for promoting risk management Group-wide and sharing information. The Risk Management Committee is developing policies and plans for Group-wide risk management, studying preventive and corrective actions and monitoring the progress of such activities. The Risk Management Committee is also building systems for analyzing and evaluating various risks and receiving reports on them, in addition to establishing divisions in charge of risk, setting regulations and guidelines, and undertaking risk management activities in a bid to deal with individual risks.

BCM (Business Continuity Management) Initiatives

We currently have BCM countermeasures in place against earthquakes, outbreaks of new strains of influenza, and serious system failures. To guard against earthquakes, CTC has developed a business continuing plan (BCP) focused on head office functions and essential services. To deal with new types of influenza, all CTC organizational units have developed their own BCP separately.

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