Governance Initiatives

As a group overall, we endeavor to maintain an internal control system, and in light of the Companies Act and Ordinance for Enforcement of the Companies Act, the Board of Directors has passed on the Regulations on a Basic Policy for an Internal Control System.
In order to audit the efficacy of the compliance system at JBS, we have established an Internal Audit Office under the direct control of the President. The Internal Audit Office sets the Rules for Internal Audits and conducts internal audits in accordance with the provisions thereof. It also establishes a cooperative relationship with the Audit & Supervisory Board Members and the accounting auditors as necessary in an effort to conduct efficient internal audits.
Additionally, four qualified internal auditors (QIA) belong to the Internal Audit Office, and two certified public accountants and one certified internal auditor belong to the Governance Office, which is an observer organization. Each responsible department and department undergoing inspection takes prompt measures when a correction or improvement guidance is issued from the Internal Audit Office or when it is deemed that such action is necessary.
The Internal Audit Office gives regular audit result reports to the President & CEO, Board of Directors, and Audit & Supervisory Board, and the President & CEO, Audit & Supervisory Board Members, and the Internal Audit Office hold regular exchange of opinions.

Actual examples of the Compliance Code of Conduct in operation: compliance training at the time of joining the company, operation of an anti-social forces check at the time of contract, establishment of a compliance committee, and insider training

We established internal regulations related to risk management, and established the Risk Management Committee consisting of the person in charge of risk management departments as the committee head and committee members appointed from among directors from each department under a director in charge of risk management appointed by the President and CEO. The committee meets every month.
We prevent impairment of corporate activities through risk management, and in the event that a risk become apparent, we minimize its impact through crisis management. This overall is aimed at improving the JBS Group’s corporate value in a sustainable manner. Specifically, we formulate a yearly policy and plan on risk management and undertake activities to grasp, assess, monitor, and respond to risks.