Director Hoshino took over and explained to the directors the role McKinsey had played in the matter.
"Directors, regarding the board audit committee Richard just mentioned, this is the professional advice McKinsey gave us."
Hoshino opened the document in his hand.
"McKinsey pointed out that bringing in PricewaterhouseCoopers is a double-edged sword. To prevent ourselves from being led around by the nose in a professional field, the board must possess an equivalent capacity for professional review. By establishing an audit committee and having board members interface directly with PricewaterhouseCoopers' reports, we can control the depth and breadth of the audit. When to investigate, where to investigate, and how far to investigate will all be decided by the board."
Hoshino concluded, "This way, we control costs while also truly keeping the power of supervision in our own hands."
Several of the older directors exchanged opinions.
Before the meeting, Director Hoshino had already visited several of them privately, sounded them out, and done some lobbying.
Now that the proposal had been laid out on the table, and with those solid cases of fraud listed by PricewaterhouseCoopers, many of their concerns had been dispelled.
Most importantly, this was only a small-scale trial run. The expense was not large, and they could also use the opportunity to give a warning knock to those increasingly arrogant department heads below.
Director Suzuki was the first to state his position. "Spend a little money and put an insurance policy on the company's finances. I think we can give it a try. If we really do uncover problems, then that's preventing trouble before it happens; if we don't uncover anything, everyone can at least feel at ease."
"Agreed," another director echoed. "Especially that audit committee McKinsey proposed. That is a very good suggestion. We can't let outsiders feel