Sony Pixel Power calrec Sony

Toshiba Establishes Compliance Advisory Meeting

08/07/2020

TOKYO Following on from its June 5 announcement of comprehensive measures to bolster internal controls, Toshiba Corporation (TOKYO: 6502) today established a Compliance Advisory Meeting tasked with making recommendations that will help the company to strengthen compliance, improve fraud prevention measures, and support enhancement of internal controls over the medium to long term.

Alongside two outside advisors with considerable expertise in compliance, Hideaki Kobayashi and Hyo Kambayashi, who will provide independent expertise and advice, the committees members will come from Toshibas Audit Committee, and it will also include the President and CEO, the company's Corporate Senior Executive Vice President, the CFO and the Executive Officers responsible for legal affairs and internal audits.

Toshiba Group promotes measures to refine and strengthen its internal controls within three lines of defense, where business operations stand as the first line, corporate administrative divisions are the second line, and the auditing divisions is the third. Each line has defined roles and responsibilities, and clear consultation and report routes, and they complement each other in realizing and promoting effective risk management.

Toshiba's goal in establishing the Compliance Advisory Meeting is to further enhance the overall effectiveness of the three-line compliance management model by reinforcing the monitoring function of the third line. The advisory meeting is scheduled to deliver its recommendations in the course of this fiscal year.

Commenting on his participation, Mr. Kobayashi said: I have long been involved in providing companies with advice on risk and compliance, and in that time I have investigated a number of scandals and internal issues. I want to support Toshiba in strengthening its internal controls and three lines of defense with specific and effective recommendations.

Mr. Kambayashi said: From the perspectives of an independent third-party, as an accountant, and a representative of a risk consulting firm, I have provided several companies with advice on enterprise-wide risk management, accounting, auditing and internal controls, as an outside director and a member of the audit and supervisory boards. Using this range of experience, I am determined to contribute to Toshiba's enhancement of compliance and continued improvement of its internal controls.

Toshiba Group will continue to follow its long-standing policy of placing the highest priority on life, safety and compliance, and to develop and apply measures that strengthen its internal controls and enhance its corporate value.



Hideaki Kobayashi

Lawyer, Senior Counsel at Nagashima Ohno & Tsunematsu

1980-1983 Public Prosecutor (Tokyo District Public Prosecutors Office, Utsunomiya District Public

Prosecutors Office)

1983 Founded Kobayashi Hideaki Law Office

1988 Regular Delegate, Dai-Ichi Tokyo Bar Association

1992 Regular Delegate, Dai-Ichi Tokyo Bar Association

1993 Member of the Discipline Maintenance Committee, Dai-Ichi Tokyo Bar Association

2000 Founded Kobayashi & Associates Law Office

2007-2010 Member of the Board of Governance, NHK (Japan Broadcasting Corporation)

(concurrently served as a member of the Audit Committee, 2008-2010)

2015 Head of External Investigation Team on false certification of seismic isolation rubber

2013-2019 Partner, Nagashima Ohno & Tsunematsu

2020-present Senior Counsel, Nagashima Ohno & Tsunematsu

Hyo Kambayashi

Certified public accountant, Chairman and Senior Managing Director of Protiviti LLC

1991 Worldwide Partner, Arthur Anderson

1993 Senior Partner, Asahi & Co.

2001 Board Member, Anderson Worldwide Organization

Advisor to Investigation Committee by Ministry of Foreign Affairs of Japan

2003 President and Representative Director, Protiviti Japan Co., Ltd.

2004 Visiting Professor, Tama Graduate School of Business

2005 Representative Director, Robert Half Japan

2010 Visiting Professor, Aoyama Gakuin University Graduate School of Professional Accountancy

2011 President and Chief Executive Officer, Protiviti LLC

2016-present Chairman and Senior Managing Director, Protiviti LLC

2016 Chairman, Japan Internal Control Research Association

2017-present Representative Partner, ERM Management Research LLC

2017-present Outside Audit and Supervisory Board Member (part-time), Sojitz Corporation

2018-present Outside Director and Audit and Supervisory Committee Member,

Murata Manufacturing Co., Ltd.
LINK: http://www.toshiba.co.jp/about/press/2020_07/pr0801.htm...
See more stories from toshiba

Asia, Australia & Oceanic Stories

30/06/2025

SBS On Demand boosts global news offering with launch of France 24 FAST Channel

SBS On Demand boosts global news offering with launch of France 24 FAST Channel 30 June, 2025 Media releases SBS is expanding its international news offeri...

27/06/2025

Game, set, action! Screen Australia and ABC announce new mini-series Goolagong

27 06 2025 - Media release Game, set, action! Screen Australia and ABC announce new mini-series Goolagong Marton Csokas and Lila McGuire of Goolagong. Image c...

26/06/2025

Buckle up for Great Australian Road Trips launching 31 July on SBS and SBS On Demand

Buckle up for Great Australian Road Trips launching 31 July on SBS and SBS On De...

20/06/2025

Hit, run, oh sh#t: NITV and SBS get RECKLESS with filming underway in Western Australia

Hit, run, oh sh#t: NITV and SBS get RECKLESS with filming underway in Western Au...

13/06/2025

Pure Drama and Fierce Rivalries set to dominate the world's most iconic sporting event

Pure Drama and Fierce Rivalries set to dominate the world's most iconic spor...

12/06/2025

50 Years Strong: SBS and NITV Supercharge NAIDOC Week 2025 in a joint 50th celebration

50 Years Strong: SBS and NITV Supercharge NAIDOC Week 2025 in a joint 50th celeb...

06/06/2025

Award-Winning TV Creators Richard Gadd, Sally Wainwright and Soo Hugh Headline Future Vision 2025

06 06 2025 - Media release Award-Winning TV Creators Richard Gadd, Sally Wainwri...

03/06/2025

Stories of love, loyalty and self-discovery among six shortlisted Digital Originals, as applications open for 2025

Stories of love, loyalty and self-discovery among six shortlisted Digital Origin...

28/05/2025

SBS celebrates 50 years of reflecting a diverse and contemporary Australia

SBS celebrates 50 years of reflecting a diverse and contemporary Australia 28 May, 2025 Media releases Marking 50 years of broadcasting on 9 June 2025, SBS...

28/05/2025

ABS and Verticloud announce a Strategic Partnership to accelerate Digital Transformation through Salesforce Communications Cloud

ABS and Verticloud announce a Strategic Partnership to accelerate Digital Transf...

22/05/2025

SBS and Screen Australia showcase the next wave of Australian storytellers with Digital Originals

SBS and Screen Australia showcase the next wave of Australian storytellers with ...

22/05/2025

Rune Pedersen unpacks How Humans Talk in new SBS Audio podcast

Rune Pedersen unpacks How Humans Talk in new SBS Audio podcast 22 May, 2025 Media releases Ever caught yourself using baby talk with your pet and wondered ...

19/05/2025

Eurovision delivers strong Total TV audiences for SBS, dazzling more than 2.21 million Australians tuning in

Eurovision delivers strong Total TV audiences for SBS, dazzling more than 2.21 m...

16/05/2025

Proper Loved Up Stage One Recipients Announced

Proper Loved Up Stage One Recipients Announced 16 May, 2025 Media releases Screen Australia's First Nations Department, the Australian Broadcasting Cor...

15/05/2025

Australia's boldest network SBS launches new brand campaign: We Go There'

Australia's boldest network SBS launches new brand campaign: We Go There...

15/05/2025

We Go There SBS On Demand's new Hub is entirely bold and unmistakably SBS

We Go There SBS On Demand's new Hub is entirely bold and unmistakably SBS 15 May, 2025 Media releases The We Go There Hub brings together over 300 ti...

14/05/2025

ABS and SpaceBridge to Join Forces to Strengthen Managed Services Across Europe, Middle East & Africa

ABS and SpaceBridge to Join Forces to Strengthen Managed Services Across Europe,...

13/05/2025

Alone Australia Season 3: The Reunion

Alone Australia Season 3: The Reunion 13 May, 2025 Media releases As the latest season nears its end, SBS's hit series brings full cast together for re...

13/05/2025

Teletimes interviews ABS CEO, Mark Rigolle

Teletimes interviews ABS CEO, Mark Rigolle...

12/05/2025

And They're Off! The Pure Drama of the Cycling Grand Tours Continues on SBS, Australia's Home of Cycling

And They're Off! The Pure Drama of the Cycling Grand Tours Continues on SBS,...

12/05/2025

Australian Filmmaker Lucy Mckendrick Set For Directing Debut with Dark Comedy Fangs

10 05 2025 - Media release Australian Filmmaker Lucy Mckendrick Set For Directin...

07/05/2025

SBS and NITV mark National Reconciliation Week with compelling premieres recognising the strength and resilience of First Nations peoples

SBS and NITV mark National Reconciliation Week with compelling premieres recogni...

07/05/2025

SBS commences search for a new Western Sydney production hub location

SBS commences search for a new Western Sydney production hub location 7 May, 2025 Media releases SBS has today launched a Request for Expressions of Intere...

02/05/2025

SBS On Demand achieves stellar month on the back of Alone Australia and The Handmaid's Tale

SBS On Demand achieves stellar month on the back of Alone Australia and The Hand...

01/05/2025

Screen Australia empowers 100+ distinctive Australian narratives

01 05 2025 - Media release Screen Australia empowers 100 distinctive Australian narratives All The Boys Are Here writer/director Goran Stolevski and It s All...

30/04/2025

Slam poet Huda the Goddess wins 2025 Les Murray Award

Slam poet Huda the Goddess wins 2025 Les Murray Award 30 April, 2025 Media releases Australia for UNHCR and SBS are proud to announce that Huda Fadlelmawla...

30/04/2025

SBS, NITV and NIDA partner to empower the next generation of screen creatives

SBS, NITV and NIDA partner to empower the next generation of screen creatives 30 April, 2025 Media releases SBS, National Indigenous Television (NITV) and ...

23/04/2025

We heard that you could use a little pick-me-up, so get ready to sh-sh-shake it goodit's almost time for the Eurovision Song Contest!

We heard that you could use a little pick-me-up, so get ready to sh-sh-shake it ...

22/04/2025

McAvaney takes the lead for SBS' Coverage of the World Athletics Championships in Tokyo in September

McAvaney takes the lead for SBS' Coverage of the World Athletics Championshi...

16/04/2025

Finalists announced! Five stand-out brands shortlisted for SBS Media's Sustainability Challenge

Finalists announced! Five stand-out brands shortlisted for SBS Media's Susta...

15/04/2025

Claudia Karvan, Tom Gleeson, and Mark Coles Smith join in the adventure of a lifetime Who Do You Think You Are?

Claudia Karvan, Tom Gleeson, and Mark Coles Smith join in the adventure of a lif...

15/04/2025

SBS and Volleyball World sign landmark deal for Beach Volleyball World Championships in Adelaide

SBS and Volleyball World sign landmark deal for Beach Volleyball World Champions...

14/04/2025

SBS becomes first Australian broadcaster to have near-and long-term carbon reduction targets validated by the SBTi

SBS becomes first Australian broadcaster to have near-and long-term carbon reduc...

11/04/2025

Isn't that Insightful? Kumi Taguchi dives deeper into Insight's taboo topics in podcast return

Isn't that Insightful? Kumi Taguchi dives deeper into Insight's taboo to...

09/04/2025

SBS On Demand partners with Euronews to extend network news offering

SBS On Demand partners with Euronews to extend network news offering 9 April, 2025 Media releases SBS is expanding its international news offering with the...

09/04/2025

SBS announces TV's hottest new couple, Tony Armstrong and Courtney Act, as Eurovision Song Contest commentary team

SBS announces TV's hottest new couple, Tony Armstrong and Courtney Act, as E...

09/04/2025

Screen Australia and ACTF Kids IP Incubator Initiative enters next phase

09 04 2025 - Media release Screen Australia and ACTF Kids IP Incubator Initiative enters next phase Kids IP Incubator recipients in Melbourne for the workshop...

07/04/2025

Olympic Gold medallist and World Time Trial Champion Grace Brown joins SBS commentary team for Spring Classics Races

Olympic Gold medallist and World Time Trial Champion Grace Brown joins SBS comme...

07/04/2025

Female focus: New season of Living Black highlights women in Federal Election year

Female focus: New season of Living Black highlights women in Federal Election ye...

07/04/2025

SBS News' Cost of Living Secrets podcast returns to tackle one of the key issues of the Federal Election campaign

SBS News' Cost of Living Secrets podcast returns to tackle one of the key is...

04/04/2025

SBS announces initiatives to provide all Australians with trusted news and information about the 2025 Federal Election

SBS announces initiatives to provide all Australians with trusted news and infor...

01/04/2025

Bus Stop Films' first feature Boss Cat to begin production in June

01 04 2025 - Media release Bus Stop Films' first feature Boss Cat to begin production in June Boss Cat cast (L-R): Olivia Hargroder, Penny Downie and Juli...

31/03/2025

Ready, set, Party Time!' SBS News empowers young voters with a new political podcast

Ready, set, Party Time!' SBS News empowers young voters with a new politica...

28/03/2025

Marion Grasby's Flavours of Heart & Home is a celebration of culture and family

Marion Grasby's Flavours of Heart & Home is a celebration of culture and fam...

28/03/2025

SBS delivers Federal Election news to Australians in over 60 languages

SBS delivers Federal Election news to Australians in over 60 languages 28 March, 2025 Media releases As Australia heads to the polls on 3 May, Australia...

26/03/2025

The Secret DNA of Us premieres 17 April

The Secret DNA of Us premieres 17 April 20 March, 2025 Media releases Family secrets, royal relationships and hidden histories revealed What would you disc...

24/03/2025

ABS further Strengthens Leadership Team with Appointment of Matthieu Boutrolle as Chief Technology Officer

ABS further Strengthens Leadership Team with Appointment of Matthieu Boutrolle a...

19/03/2025

NITV and Cricket Australia elevate First Nations sport with National Indigenous Cricket Championships Finals live broadcast on 7 April

NITV and Cricket Australia elevate First Nations sport with National Indigenous ...

19/03/2025

Yumi Stynes wants older women to be SEEN' as SBS podcast returns

Yumi Stynes wants older women to be SEEN' as SBS podcast returns 19 March, 2025 Media releases Feminist icon Yumi Stynes shines a spotlight on trailbl...