In an entertainment world which faces the waves of change on a daily basis, Omega Project Group believes that it is necessary to further strengthen corporate governance in order to carry out business quickly at high levels of quality.
Decisions regarding important issues are made at the regular monthly board of directors meetings and special board of directors meetings that are held as necessary, as well as the supervision of current business project execution. In order to carry out the execution of business plans swiftly, certain employees act as operating officers who relay decisions made by the board of directors, and who carry out business operations under the watch of the board of directors.
The company operates a team of 3 auditors, including 2 external auditors. The auditors attend meetings of the board of directors, carry out report hearings from relevant sources such as financial auditors and the Internal Audit Department, as well as other related departments. We aim for mutual cooperation in this way, and take full advantage of this in order to gain advice and opinion exchange regarding our operations, from a neutral point of view.
We have unified Omega Project Group’s operating principles and business direction, and promote the strengthening of the surveillance function in our group management. In addition, a general meeting of management level staff is held once a month, with the aim of establishing effective mutual cooperation.
An upper limit on remuneration to executives is decided upon at the general meeting of stockholders, and is calculated according to performance results. In addition, the amount paid is listed in the securities report and business report. The remuneration paid to 3 members of the board of directors for the term ending March 2007 was a combined total of 61.92 million yen.
Our current regulation state comprises an Internal Audit Department which has been established under direct control of the Representative Director, and based on the advice of various experts including financial auditors and legal advisors, we aim to strengthen compliance and the supervision of current business projects. In addition, cooperation between the audit committee and the President-CEO is brought closer through practices such as the holding of regular meetings where relevant issues are brought forth, and decisions on how to solve them are discussed.
In order to ensure that compliance throughout Omega Project Group as a whole is thoroughly enforced, corporate ethics standards are set by the Internal Audit Department, and executive education is carried out in order to confirm that these standards are thoroughly known and followed. We have established and operate a hotline so that employees can provide information to the Internal Audit Department where there is a doubt over the legality of a particular action.
Under our risk management system, horizontal risk management across the organization is promoted in the General Affairs Department, while the risks surrounding each project in the various charge positions are addressed through the establishment of rules and guidelines, holding of training, creation of manuals, etc.
Under our information management system, information related to the execution of business plans by the directors and the operating officers is recorded and stored as either as written or electronic media documents, according to document management regulations. These documents can be viewed by the directors and auditors at any time, as well as by the Internal Audit Department. Additionally, from the standpoint of information release, proper management procedures regarding leakage and the instant availability of information is thoroughly enforced to those in the posts responsible.
Omega Project Holdings Co., Ltd.
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