As a Company with Auditors, our company will work to strengthen internal control by establishing a system to assure the suitability of our company and group's operations regarding factors such as the efficiency and effectiveness of these operations, the credibility of our financial reports, the legal compliance of our business activities, and preservation of company assets.
The Board of Directors engages in concrete discussions, debates, makes decisions regarding management issues of the entire Group and audits 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.
In addition, we are to work to provide a cross-organizational risk management system centered on our Compliance Committee and Risk Management Committee that, in addition to identifying and assessing the risks entailed by corporate activities, taking countermeasures against them and heightening our internal awareness of them, is capable of a swift response to risk-related occurrences through emergency action including taskforce deployment and information management.
Under the PARCO's VISION and PURPOSE, PARCO maintains good relationships with all stakeholders including local communities, customers, and business partners, and create and provide value that satisfies them, thereby achieving continual growth and a medium- to long-term enhancement of corporate value.