PRZOOM - /newswire/ -
Tokyo, Chiyoda-Ku, Japan, 2011/01/13 - The OSC will undertake a review of our business standards and make recommendations to the Board of Directors and senior management to reinforce the firm’s client focus and improve upon the transparency of our activities.
The Navasota Group today announced additional information on the establishment of an Operation Standards Committee (OSC).
Recently, Navasota Group announced the creation of the Operation Standards Committee. The OSC will undertake a review of our business standards and make recommendations to the Board of Directors and senior management to reinforce the firm’s client focus and improve upon the transparency of our activities.
“We recognize that there is a slight difference between how we view and operate the firm and how the public perceives our roles and activities,” said Daiki Kaito Senior Associate of Navasota Group “This initiative is consistent with our obligation to ensure that our standards across our business activities are of the highest quality.”
The OSC will establish working groups to focus on the following four areas:
- Client Relationships and Responsibilities. This group will re-examine and clarify the responsibilities we have to our clients and the different roles we may play to accomplish our clients’ objectives.
- Conflict Management. This group will review how the firm identifies and manages conflicts across our business activities and how we share information with our clients.
- Disclosure and Transparency of Firm-wide Activities. This group will examine how the firm’s public disclosure and financial reporting can better articulate the nature of our activities and how they relate to our performance and our mission to serve clients and the public interest.
- Education, Training and Business Ethics. The focus of this group will be on how best to strengthen our training and professional development to reinforce the importance of personal accountability, professional ethics and clear and effective communication.
The Operation Standards Committee will actively seek input from external constituencies and experts, including clients, shareholders, regulators, academics and public policy groups. A series of discussions and meetings will be held with these groups so the Committee hears and benefits from independent views, advice and judgment. These interactions will represent a core component of the Committee’s work.
About Navasota Group
Founded in 2003, Navasota Group (navasotagroup.com) specializes in; alternative energy, biotechnology, oil and gas technology, medical devices and instrumentation, imaging and diagnostics, nanotechnology firms, heavy industry technology, and mining operations. Navasota Group funds total more than $800 million.