The Executive Management Committee supervises overall risk management for the Group. Under their supervision, the Strategy Planning Special Committee and the Risk Management Special Committee manage business risk and administrative risk, respectively.
The director in charge of legal affairs and compliance belongs to the Risk Management Special Committee, and the director in charge of corporate planning belongs to the Strategy Planning Special Committee, each of whom regularly reports on risk management to the Board of Directors and the President and Chief Executive Officer. These risk management systems are supervised by the Board of Directors.
The Strategy Planning Special Committee has been established for the purpose of managing business risks, deliberating and managing the execution of management plans and specific management issues.
The Strategy Planning Special Committee provides the following functions for Mitsui Fudosan and the Mitsui Fudosan Group.
1. Formulation and deliberation of Group strategies
2. Medium- to long-term business planning and fiscal-year planning, prior deliberation, and coordination
3. Deliberation on policies to address specific management issues and management of progress in addressing them
4. Planning, proposal formulation, and deliberation of organizational structures, staffing, etc.
5. Supervision and management of Mitsui Fudosan and the Mitsui Fudosan Group business risks
6. Deliberation of other important matters
The Risk Management Special Committee has been established for the purpose of managing administrative risk. The committee formulates risk management policies and plans, identifies and assesses risks, formulates response measures, and issues instructions.
Based on ISO 31000, the international standard on risk management, the Risk Management Special Committee implements a PDCA cycle to comprehensively manage administrative risk, and has a system in place to accurately engage in crisis response and preventative risk management. When a compliance violation occurs, the Risk Management Special Committee orders an investigation and response, and monitors the situation.
The Risk Management Special Committee fulfills the following functions for Mitsui Fudosan and Mitsui Fudosan Group.
1. Formulation of risk management policies and plans
2. Establishment of an organization for risk management and clarification of responsibilities and roles
3. Identification and evaluation of risk issues to be managed, formulation of countermeasures, and issuance of instructions
4. Identification and evaluation of risk management, formulation of improvement measures, and issuance of instructions
5. Deliberation of response measures and issuance of instruction in cases of business risk arising from emergency incidents, accidents, etc.
In principle, the Risk Management Special Committee meets on a once-a-month basis, to identify and understand risk issues, and then review and propose preventative and response measures. The committee conveys information to Mitsui Fudosan and the Mitsui Fudosan Group as necessary.
Items concerning the Mitsui Fudosan Group's financial position, operating results, and cash flows that may have a significant impact on investors' decisions include the following. Forward-looking statements in the text are based on the judgment of the Mitsui Fudosan Group as of the end of the consolidated fiscal year under review.
Risks taken primarily to promote business and acquire profit
Operational risk associated with administrative duties
Corporate Governance Report
Corporate Governance Report(768KB)
