Company: Cannon

 

Identify the company’s existing (if any) risk management policies. Evaluate these policies and assess whether these may or may not be effective. For policies identified as less effective, propose alternatives that make sense given the company’s existing structure

 

Sample Solution

Canon Inc. has established a risk management committee based on a resolution of the Board of Directors. Chaired by the Executive Vice President, the committee has established three subcommittees: the Financial Risk Management Subcommittee, Compliance Subcommittee, and Business Risk Management Subcommittee. The Risk Management Committee develops various measures to promote their risk management activities, including identifying any significant risks (violations of laws and regulations or corporate ethics, inappropriate financial reporting, environmental issues, quality issues or information leaks, etc.) that the Group may face in the course of business. In line with the basic policy prepared by the Risk Management Committee and in their capacity as risk management promotion officers, the heads of Canon Inc. divisions and presidents of Group companies each formulate an annual risk management plan for their own division or Group company and assume responsibility for promoting related risk management activities.

discredit or put doubt on the Holocaust’s historical facts. Deniers engage in this behavior to diminish public sympathy for Jews, undermine the legitimacy of the State of Israel, sow doubt about Jews and the Holocaust, and attract attention to certain topics or points of view. However upon the discovery of Anne Frank’s diary, one of the victims of the Holocaust, the scholars had rejected the denial and the British court judged David Irving, a Holocaust denier to be a “historical falsifier, anti-Semitic, and racist who was linked with right-wing radicals who supported neo-Nazism”. Other than that, history interpretation is also influenced by political power. This can be seen in 2007 when Shinzo Abe, the prime minister of Japan at that time stated that there is o prove that sexual slavery was coercion by the Japanese military during the second Sino-Japanese war. Due to this statement, it influenced few people to interpret that the incident never took place, and even some radical groups interpreted the death toll as purely military and that no such crimes were ever committed. This shows how much power politics have in history interpretation among historians and the public. Even so, as a knower, we can differentiate these false interpretations by referring back to the latest evidence that is available and the scholars’ reasoning regarding the history.

In conclusion, we can say that to distinguish between good and bad interpretation is the closeness of it to the truth or reality. Interpretation is a process of triggering the meaning of a certain matter, therefore when the process is being disturbed by certain matters such as exaggeration and denialism, the interpretation being made is still considered as a bad interpretation even though it is the closest to the truth. In both art and history, logical explanation and evidence are required to create a good interpretation. However, this does not limit the use of imagination when interpreting art or historical sources.

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