Risk Management / Risk Management System
The risk management system of Pigeon is headed by the Global Head Office (GHO) Risk Management Committee. Governed by the Rules for Risk Management, which systematically stipulate the Group’s risk-management responses, the GHO Risk Management Committee is chaired by the director for GHO, under the supervision of the president and CEO. Directly below the GHO Risk Management Committee are the Risk Management Committees of each business segment, which are chaired by the head of operations in each segment. This framework enables information about risk to be collected across our entiregroup, provides necessary controls and empowers each segment to respond rapidly to risk issues.
At least once a year, the GHO Risk Management Committee reports to the Board of Directors regarding the Group’s risk-management activities during normal times and when incidents occur, as described below.
[At Normal Times]
The GHO Risk Management Committee systematically collects, analyzes and evaluates the risk information it gathers from throughout the group, centered on the risk information it collects from each business segment (Japan Business, China Business, Singapore Business and Lansinoh Business). On its own or through the respective business segments, the GHO Risk Management Committee then examines and implements response measures.
The Risk Management Committees of each business segment collect, analyze and evaluate risk information from their respective business segments and the Group companies under them. These Committees then examine and implement response measures.
We classify risk into four categories: Business risk, financial risk, hazard risk and compliance risk. The Group collects, analyzes and evaluates this risk information and examines and implements response measures.
[When Incidents Occur]
In the event that the Group is confronted with a crisis, such as a disaster or other major incident, the Risk Management Committee (here and hereinafter, “Risk Management Committee” refers to either the GHO Risk Management Committee or the Risk Management Committee of the appropriate segment) convenes and takes steps to minimize damage and effect recovery, based on the Rules for Risk Management and the Business Continuity Plan (BCP).
Information on consultations and reporting through the internal whistle-blowing system are also collected and sent to the GHO Risk Management Committee. The Risk Management Committee or a department nominated by the Risk Management Committee responds as necessary based on the details of the consultations and reporting.
