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ANNUAL REPORT 2011

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DISCOVERING OUR POTENTIAL
Sustainability

INTERNAL CONTROL SYSTEM

The demands on companies seeking to fulfill their corporate social responsibilities are growing amid major changes in the business environment such as globalization and rising interest in the natural environment. In light of this, Mitsubishi Corporation is continuously working to improve and strengthen its management system (internal control system) so as to ensure business activities are conducted properly to raise its corporate value and to fulfill its social responsibilities.

Specifically, Mitsubishi Corporation has built a system for ensuring that business operations are conducted properly and efficiently (systematic management execution, formation of a rational organization, clarification of the organizational chain of command, risk management, etc.) while ensuring the reliability of corporate information disclosure (financial reporting) and adherence to laws and regulations and social norms (compliance). Mitsubishi Corporation monitors the status of operation of this system every year and the Board of Directors verifies improvements.

The internal control system is increasing in importance for management of the Mitsubishi Corporation Group because of the larger number of business investees, diversifying business models and other factors. In this context, the Executive Vice President in charge of Audits and Internal Control is working together with the corporate auditors, independent auditors and other parties to develop an internal control promotion system for ensuring proper business conduct.

INTERNAL CONTROL FRAMEWORK
INTERNAL CONTROL FRAMEWORK

MORE INFORMATION about corporate governance and internal control system → Corporate Governance Report

http://www.mitsubishicorp.com/jp/en/about/governance/pdf/governance_report_e.pdf (PDF:251KB)

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