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Nomura Holdings has formed a Executive Management Board, Group Integrated Risk Management Committee, and Internal Controls Committee to ensure that executive officers make business decisions smoothly and in an appropriate manner.
In order to further enhance our business execution structure in response to the increasing need for sophisticated expertise in the financial services industry, we have appointed senior managing directors who are responsible for business and operations in their respective areas under the partial delegation of authority by executive managing directors.
Chaired by the CEO, the Executive Management Board includes the COO, the business division CEOs, and other person(s) designated by the CEO. The Executive Management Board is responsible for deliberating and making decisions related to important management issues for Nomura Group, such as management strategies, business plans, and budgets as well as the allocation of management resources.
The Group Integrated Risk Management Committee is chaired by the CEO and includes the COO, the business division CEOs, Chief Risk Officer(CRO) and other person(s) designated by the CEO. Under the delegation of the Executive Management Board, the Group Integrated Risk Management Committee is responsible for deliberating and deciding on important risk management issues for Nomura Group, such as the Group's response to requirements under Basel II. The Global Risk Management Committee has been established under the Group Integrated Risk Management Committee to make assessments and decisions regarding positions and important risk management issues.
The Internal Controls Committee is chaired by the CEO and is comprised of person(s) designated by the CEO, Audit Committee member(s) designated by the Audit Committee, and Director(s) (Audit Mission Director(s)) designated by the Board of Directors. The Internal Controls Committee is responsible for establishing and evaluating internal controls concerning Nomura Group operations as well as for deliberations and decisions to delegation promote proper corporate behavior.