THK has established a risk management structure that anticipates future circumstances, enabling management to take appropriate risks by identifying, analyzing, and responding to conceivable risks from the perspective of management and the company as a whole.
We facilitate assertive governance with elements of bold risk-taking.
The Risk Management Committee convenes annually and is headed by the CEO. The committee, which is attended by outside directors and legal counsel, approves the annual activity plan and works to establish, promote, and maintain the risk management structure by controlling risks throughout the entire Group.
We prevent risks and minimize losses by instituting controls for risk categories, managing and reducing unavoidable risks, and otherwise managing risks across the entire Group in order to facilitate assertive governance with elements of bold risk-taking.
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|Maintaining a BCP promotion structure that will continuously reevaluate our BCP and ensure its practicality||
|Reviewing our risk management structure related to everyday risk prevention and properly controlling risks||
|Verifying suitability of holding cross-held stocks||
|Investment subcommittee studies||
We held our first BCP Promotion Council meeting in June 2018, inviting an expert to give a seminar about establishing a sound earthquake BCP plan to relevant staff from our production facilities and sales division.
We have performed risk assessments to appropriately control our business risks. More specifically, we created a risk map and evaluated risks by identifying known risks in each department, categorizing them, and calculating their likelihood and impact. The results of those assessments were analyzed by the Risk Management Committee and reported to the Board of Directors.
In April 2018, we held a lecture for new THK Group employees in Japan (114 high school graduates and 66 college graduates) covering our CSR and compliance activities. It was an opportunity for those employees to learn what a corporation’s social responsibilities are along with the basics of compliance before being assigned to their respective branches.
The Information Security Committee, chaired by the CEO, has been in place since 2006, and the organization, authority, and roles and responsibilities of its members are clearly defined in the committee’s regulations. This committee makes decisions concerning policies related to the establishment of information security systems, and it deliberates on responses to information security concerns.
In 2018, the activities below were conducted to strengthen information security.
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|Sending out alerts||
|Surveying and correcting current conditions||
The GDPR (General Data Protection Regulation) is a new framework for protecting the personal information of individuals living within the European Economic Area (EEA) and governs the processing1 and transferring2 of such data. At first glance, the GDPR may seem irrelevant outside of the EEA. However, because of corporate globalization, Japan and many other countries outside of the EEA are affected.
As a component manufacturer, THK is responsible for supplying parts to customers, no matter the situation. We have formulated a BCP (business continuity plan) to minimize damage and ensure a rapid business recovery in the event of a disaster, such as a large-scale earthquake (an earthquake registering at least 6 Lower on the seismic intensity scale, or one that brings about significant destruction).
As a company that supports industry around the world, it is our essential social responsibility to minimize any negative impact on society by fulfilling our responsibility to supply parts even in the event of unforeseen disasters.
All of our data is stored and managed at two data centers in Japan to function as backups so that our sales and production activities can continue even after an earthquake or other natural disaster.
We have a schedule for rehearsing the process of switching over to backups in the event of a problem with our main equipment due to an earthquake or other natural disaster. We use a combination of practicing with the actual equipment and tabletop exercises with the staff in charge.
At our production facilities, we install equipment to prevent the toppling of storage shelves.
We also install seismic isolation systems for important machines, production tool racks, and more.
We earthquake-proof items by installing equipment to prevent them from toppling.
All business locations are equipped with emergency supplies.
All production facilities perform emergency drills.
Sales offices perform emergency drills according to their tenant requirements.
We regularly perform a satellite phone test at all locations to ensure communication in the event of a phone line service interruption during a disaster. We conducted a test in February 2018 and confirmed our system was operating normally.