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Beauty care major Kao confirms internal reorganization

01
Sep '05
Tokyo based beauty Products Company Kao Corporation announces it has established an Internal Control Committee and made improvements to relevant committees.

The Kao Internal Control Committee, to be chaired by the President, aims to enhance the quality of business activities through effective company-wide integration of functions related to internal control including disclosure, compliance, risk management and internal audit.

With regard to the internal control activities, until now, Kao has conducted its planning, implementation, monitoring and reporting in accordance to individual committees and divisions such as: CSR Committee, Compliance Committee, Committee for Responsible Care Promotion, Quality Assurance Committee, TS (Trade Secret) & Personal Information Committee, and through sections such as: Corporate Audit Services, Environment & Safety Division, Product Quality Management Division, Risk Management Department, Legal & Compliance Division and Accounting & Finance Division, etc.

This time, the Company has integrated and streamlined these activities so as to function effectively as the Kao Group's Internal Control Committee, with the aim of improving the quality of business activities.

The newly established Internal Control Committee, as one of administrative functions in the Management Committee, will hold discussions and make decisions on fundamental policy or operational planning of internal control. Other roles will include: monitoring the activities of the relevant committees, confirming the effectiveness of internal auditing activities, and as the need arises, approving and reporting on discussions at the Board of Directors meeting.


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