Partial Revision of Basic Policies on Internal Control System

Strengthening of Internal Control Systems

Japan GIA Corporation has partially revised its basic policies on building an internal control system, assuming the transition to a company with an Audit & Supervisory Committee. The revision centers on compliance and ethics, establishing an Internal Control Committee, Compliance Committee, Risk Management Committee, and Disclosure Committee, all of which will deliberate and execute respective measures. The Board of Directors will convene monthly, strengthening the system to reflect opinions from the Audit & Supervisory Committee members.

Audit & Reporting System and Exclusion of Antisocial Forces

A reporting system to the Audit & Supervisory Committee has been established, ensuring prompt reporting upon detection of serious misconduct or legal violations. The Audit & Supervisory Committee members will attend meetings and collaborate with the accounting auditors and internal audit department to perform audits. The basic policy to exclude antisocial forces has been clarified, and a system to respond in cooperation with police, lawyers, and others has been put in place.