Organization and Governance :
Seven Bank has been working to ensure sound management and fair business practices since its founding by enhancing its corporate governance and compliance framework and building a reliable risk management system.
Seven Bank is a financial institution that operates an ATM network with characteristics similar to those of public infrastructure. We see strengthening corporate governance as vital to increasing corporate value, and therefore work to make management decisions quickly while clarifying business execution roles and responsibilities and upgrading management supervision.
Compliance is a top management priority for Seven Bank, which believes that complying with social norms including laws and regulations is a fundamental prerequisite for earning stakeholder trust. We have upgraded our framework for assiduous compliance, and have formulated our Compliance Program that encompasses tasks, policies, action plans and timetables for the Bank as a whole and for each division.
Compliance Standard Card
We distribute a handheld card with our management philosophy and compliance standards to all employees so that everyone can handily refer to these policies at any time.
Compliance Procedures File
Compliance regulations are kept on file and given to all employees. We spread awareness of compliance by reading these files at morning meetings throughout the Bank.
Guide for Using the Compliance Consultation System
We distribute a handy booklet to all employees that explains who employees can consult with regarding compliance concerns, rules for using the consultation system, and consultation methods.
Seven Bank works to secure sound and efficient management by recognizing the characteristics of risks related to operations and managing them appropriately. The Board of Directors has formulated the Basic Policy on Risk Control for Bank-wide risk management policies, organization and framework. The Executive Committee sets rules for managing specific risks in accordance with the Basic Policy on Risk Control. In addition, the Bank's risk management structure includes the officer in charge of the Risk Management Division, which is responsible for supervising overall risk management activities, specific risk management divisions, and the Internal Audit Division to perform internal audits. In addition, the Risk Management Committee and the Asset-Liability Management* (ALM) Committee act as advisory bodies to the Executive Committee with respect to risk management.
- *Asset-Liability Management (ALM): A risk management system widely used among financial institutions to comprehensively manage assets and liabilities.
Formulation of a Business Continuity Plan (BCP)
A bank with social responsibilities, Seven Bank has defined the ATM business, the fund settlement business serving banks and ATM partners, and deposit withdrawal and exchange operations as three priority businesses that must continue to operate even in the event of a large-scale disaster or accident.
Relevant divisions have created BCPs to enable continuity for these critical operations even if a disaster or accident occurs. In addition, we help ensure BCP execution by periodically conducting BCP drills in each division, assuming damage to a data center or other facility occurring in various time bands.
When the Great East Japan Earthquake occurred in March 2011, we established the Emergency Disaster Response Headquarters headed by the president in accordance with our basic policy for business continuity management (BCM). It held countermeasure meetings and decided on response policies and measures.