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Company Organization
Hikari Tsushin operates under the corporate auditor system. The Company's Board of Directors has three members. It has two representative directors to enable rapid decisions and effective internal control. The Company's Board of Auditors has three members, including two outside auditors, and emphasizes the audit function. The Company holds a regular management meeting to report updates on sales performance once a week and also conducts a management conference once a month to resolve important matters and receive updates on business status. Hikari Tsushin Group has also emphasized corporate governance in subsidiary companies. A Control Department for subsidiary companies operates under the holding company, and has been separated from operating departments for the purposes of internal control. The Control Department is segmented into six divisions, based on functions. The Accounting, Finance and Investor Relations Division controls and analyzes the Group's business. The division also manages the Company's disclosure to increase transparency. The Legal and Credit Division checks compliance against subsidiary operations. The division also sets credit lines and controls management risks. The Human Resources Development Division manages unified training programs to improve productivity, and develops performance-related systems to facilitate fair evaluations of the Group. The General Affairs Division is responsible for the Company's system administration, and particularly for strengthening information security. The Internal Audit, Customer Satisfaction and Risk Control Division enforces the codes of conduct. The division reflects outside opinions in Company management to improve the quality of work of employees and bolster customer satisfaction levels.
Corporate Governance Framework
Internal Audit System
Internal audit is regularly practiced with strict auditing principles for the purpose of Customer Satisfaction (CS), Employee Satisfaction (ES), and Information Control.