Communication condition with the independent directors
Communication policy between the independent directors and head of internal audit and CPAs
- Apart from periodic audit report sent to the independent directors, audit head shall attend all meetings of the audit committee and report the execution of audit process at the board meetings. The implementation and effectiveness of the audit process has been fully communicated.
- The CPAs and the independent directors of the Company communicated frequently and held periodic meetings at least twice a year to communicate on the financial situation of the Company, the status of businesses, etc.Communication on the financial situation of the Company, the status of businesses, etc.
Summary of the communication between the independent directors and internal audit head
| Date | Highlights of the communication | Recommendations and results |
|---|---|---|
|
2020/11/05 Audit Committee |
Highlights of the communication Jul. to Sep. 2020 audit process execution report. | Recommendations and results No objections |
|
2020/08/03 Audit Committee |
Highlights of the communication Apr. to Jun. 2020 audit process execution report. Amendment of the “Procedures for Ethical Management and Guidelines for Conduct”. |
Recommendations and results No objections |
|
2020/05/11 Audit Committee |
Highlights of the communication Jan. to Mar. 2020 audit process execution report. Amendment of the “Internal Control System” and “Internal Audit System”. |
Recommendations and results No objections |
|
2020/02/24 Audit Committee |
Highlights of the communication Oct. to Dec. 2019 audit process execution report. | Recommendations and results No objections |
Summary of the communication between the independent directors and CPAs.
| Date | Highlights of the communication | Recommendations and results |
|---|---|---|
|
2020/11/05 Audit Committee |
Highlights of the communication Presentation and explanation of the financial reports for the third quarter of 2020. Communication with the governance units. Key items subject to audit. Communication and discussion of the CPAs for the inquiries made by attendees. |
Recommendations and results No objections |
|
2020/08/03 Audit Committee |
Highlights of the communication Presentation and explanation of the financial reports for the second quarter of 2020. Communication with the governance units. Key items subject to audit. Communication and discussion of the CPAs for the inquiries made by attendees. |
Recommendations and results No objections |
|
2020/05/11 Audit Committee |
Highlights of the communication Presentation and explanation of the financial reports for the first quarter of 2020. Communication with the governance units. Key items subject to audit. Communication and discussion of the CPAs for the inquiries made by attendees. |
Recommendations and results No objections |
|
2020/02/24 Audit Committee |
Highlights of the communication Arranged for two CPAs to brief and explain the 2019 consolidated and standalone financial reports to the board of directors and independent directors. Communication and discussion of the CPAs for the inquiries made by the directors, independent directors and the attendees. |
Recommendations and results No objections |