The Board of Directors engages in concrete discussions/debates to make decisions regarding management issues of the entire Group and supervises the business administration practiced by all Group companies. The adoption of the Executive Officer system helped to separate the business administration decision-making process from the execution of business operations and to make decision-making process more agile.
As part of its risk management system, PARCO has established a Compliance Committee. In addition to identifying and assessing the risks entailed by corporate activities, taking countermeasures against them and heightening our internal awareness of them, this committee is capable of swiftly responding to risk-related occurrences through emergency action including taskforce deployment and information management.
Under PARCO's VISION and PURPOSE, PARCO maintains good relationships with all stakeholders including local communities, customers, and business partners, and creates value that satisfies them, thereby achieving continual growth and a medium- to long-term enhancement of corporate value.
Internal Controls and the PARCO Management System
PARCO has adopted a corporate structure with Auditors, has established a Board of Directors, and has appointed Auditors.
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Board of Directors
The Board of Directors is to strive for a sustained increase in corporate value. The Board is to determine a strategic direction for the company, provide an environment conducive to risk management and assure a high degree of supervision over Directors and Executive Officers.
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Auditors
The Auditors establish the Auditors Council consisting of all Auditors. The effectiveness of audits is ensured by enhancing regular meetings with the Representative Director and opportunities for regular explanations and reports from the Internal Audit Office and accounting auditors.
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Internal Audit System
To enhance internal audit functions, PARCO has established an Internal Audit Department, which conducts audits of the legality, reasonableness, and risk management status of all group operations in accordance with our audit plan.