Compliance
Compliance
Basic Concept
The Company regards the establishment of compliance as one of the most important management issues and fulfills its corporate social responsibility by complying with laws, regulations, and other social norms, as well as in-house standards, such as our internal rules.
Promotional Framework of Compliance
Compliance Committee
We have established a company-wide Compliance Committee under the direct control of the President to comply with laws, regulations, and other social norms, as well as in-house standards, such as our internal rules and to maintain and enhance a sound corporate culture. The committee convenes regularly and reports on its activities to the President, as well as the Management Meeting and the Board of Directors if necessary.
The committee takes charge of formulating the Behavioral Standards to ensure compliance, assessing the implementation status of compliance measures, and devising recurrence prevention measures against compliance violations. In addition, compliance education and training are provided to employees at all levels through in-house study sessions and other learning opportunities.
Compliance Structure
Compliance with Laws, Regulations, etc., Thorough Practice of Fair Trade and Competition, Prevention of Corruption, and Elimination of Dealings with Antisocial Forces
To prevent misconducts in its business operation, the Company has established the Code of Conduct and Behavioral Standards.
| Excerpts from the Code of Conduct and Behavioral Standards |
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1. We will always adhere strictly to all laws, ordinances and regulations including those relevant to our business as well as our internal regulations, and act with good common sense as a member of society in our daily lives. |
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2. In all transactions, we will conduct business in a fair and impartial manner based on economic rationality and free competition, and without taking advantage of our superior positions. |
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3. We will maintain healthy and normal relationships with political and administrative persons and organizations, and will not bribe, make illegal political contributions, or offer illegal benefit. |
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4. We will take a firm stand against anti-social forces and organizations and never offer them any benefit. |
Other Initiatives:
Protection of personal information, environmental protection, prohibition of insider trading, respect for human rights, and appropriate handling of information
In-House Reporting System
The Company has established an In-House Reporting System to receive reports from employees and provide consultations on compliance violations. In addition to the in-house contact point, external attorneys have been designated as a contact point, and appropriate measures are taken to prohibit any disadvantageous treatment of individuals who report violations and to ensure that their work environment will not be deteriorated. Moreover, the Board of Directors oversees the status of operation of the system through regular reports by the executive officer in charge to the Board of Directors.
Compliance Training
Aiming to increase the compliance awareness of all officers and employees, the Company holds compliance training sessions on a regular basis on such topics as human rights, harassment, insider trading, and information security.
Audit Department
The Audit Department works separately from the Compliance Committee to conduct compliance status audits appropriately. The results of these audits are reported to the President and Compliance Committee, and to the Management Meeting and the Board of Directors if necessary.