Our management combines self-management by each investment department with stringent independent checks by the Administration Division.

The Compliance Office ensures legal conformance, and the Investment Risk Management Office takes charge of topics related to investment risk and guidelines. Together, these offices supervise investment appropriateness, provide feedback to investment management departments, and report and deliberate these offices' activities with their controlling committees.

In addition to reporting regularly to the president and other directors, the Internal Audit Office conducts overall operational audits to enhance risk management system effectiveness.

Specific operations:

1. Risk management by each investment committee and department.
   Each investment department follows a daily checklist that is part of an internal checking system to which all employees have access.
2. Risk management by the Investment Risk Management Office, which is independent from the Investment Department.
   The Investment Risk Management Office and the Performance Review Committee (PRC) perform risk management and analyze and evaluate overall investment performance. Their feedback helps determine future investment policy.