Kyocera Document Solutions Europe is making group-wide efforts to reinforce its risk management system to cope with global decisions that are becoming ever more complicated. The President, supported by the EMEA Audit Division and the Risk Advisory Council, oversees and manages risks with Kyocera Document Solutions Europe’s strategy and activities. The Governance, Risk & Compliance department, Internal Audit department and Risk Advisory Council consists of a number of functional experts covering the various categories of risks. They provide support by increasing the risk awareness in the company through policy setting, risk assessments, implementation of standards and controls, trainings, audits and management reviews and continuous improvements, such as the implementation of recommendations from audits and reviews.
The company's risk and control framework is in line with the Integrated Framework of COSO as defined by our ultimate parent company Kyocera. On top of this, our risk and control framework includes risk and controls from the ISO 9001, 14001, 27001 standards as well as self-defined risks and controls in order to meet compliance requirements. In accordance with the risk and control framework, the objective of our EMEA Audit Division is to provide reasonable assurance that our business objectives can be achieved and our obligations to customers, shareholders and society can be met.
The corporate governance of Kyocera Document Solutions Europe is built on the foundation of Kyocera Corporation, the corporate philosophy “Doing the right thing as a human being”. In short, governance is the way the company is directed and controlled. This means that the President takes business decisions in accordance with defined Kyocera policies and procedures and the corporate philosophy.
The objective of corporate governance is to secure sound and transparent management and lead the company in a fair and efficient manner whilst pursuing the management policy. Kyocera aims to be respected by the society as “The Company” from the perspective of corporate ethics, while maintaining continuous sales growth and high profitability. To achieve this vision, Kyocera’s management policy is to further drive business expansion by being “a creative company that continues to grow”. In order to implement this policy, Kyocera aims to increase corporate value by expanding business, namely by promoting efficient use of management resources and further strengthening of the consolidated group management.