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Since the time of our founding, our basic management policy has been to “contribute to the development of the economy and society while pursuing profits,” and we have placed an emphasis on fulfilling our social responsibilities as a good corporate citizen.
Implementation of compliance is becoming increasingly important in a diversified society. We will make efforts to become a truly global company that is trusted by society and contributes to the world, by not only complying with laws and regulations and social norms, but also engaging in business with integrity and high ethical standards.
We revised the Corporate Ethics Handbook, which has long been used as a tool for improving compliance awareness, and distributed it to the employees of Group companies as a compliance handbook in April 2022. As in the past, the compliance handbook continues to present the basic values of “trust,” “integrity,” “profit and fairness,” provides illustrations and specific “dont’s” in consideration of the changing corporate environment and the demands of society, and compiles easy-to-understand “guiding principles for individual actions” that every individual should bear in mind. The compliancehandbook is now used as a tool for education in the workplace to ensure understanding and thoroughness of compliance.
1
Compliance Promotion |
The Compliance Promotion Committee, which comprises the Heads and Chiefs of six BUs (with the chief of Corporate Planning, Finance, HR & Administration as the chairman), is convened to check our compliance promotion system, discuss policies and activities, and review the promotion status of awareness and training. |
2
Training and Awareness |
In order to thoroughly enhance employees’ understanding and awareness of compliance, the company conducts various compliance training activities. In FY2021, we conducted training by external lecturers for new employees, e-learning training for managers at each management level, and training for employees dispatched overseas etc., while regularly introducing compliance issues and cases from other companies in our e-mail magazine and electronic bulletin board. |
3
Internal Reporting |
The company has introduced an internal reporting system that can be used by Group employees. Related internal regulations stipulate basic matters on consultation and reporting, and clearly state protection of the anonymity of information providers and prevention of the disadvantageous treatment of such providers. In April 2022, we changed the external point of contact, so that employees can also directly consult with and report to fair and neutral external experts. |
4 Export Control |
Some of our products and technologies are subject to Japan’s security trade control-related laws and regulations. Based on the principle of observing export/import laws and regulations to conduct appropriate control, regulations related to security trade control have been established. We have also organized a company-wide Export Control Subcommittee, and established a trade control system under which granting of approval/disapproval for trading, examination of transactions, etc. is carried out without fail, for the purpose of putting these regulations into practice. |
The basic policy on Group-wide risk management activities is set forth in the company regulations, as specified below.
We established the Risk Management Committee under the supervision of the Corporate Governance Committee, and have put in place a system for cross-organizational risk management by preparing various regulations and manuals in order to properly respond to crises and prevent potential business continuity risks. • Risk Management Committee: Comprised of the Heads and Chiefs of the six BUs, and held twice a year. The Committee shares internal risk information, evaluates risks, identifies important risks, considers response policies, and reports and proposes policies for dealing with risks, as well as measures to prevent recurrence to the Board of Directors. The Committee improves risk management awareness within each business unit, primarily by adopting the policies determined within that business unit, understanding the status of implementation, and providing education.
In order to implement our Growth Strategy and continue to increase our corporate value in an increasingly uncertain business environment, we are improving the accuracy of our detection prediction and precognition of possible management risks, and are developing a system to enhance our resilience to constantly respond to changes. In FY2021, we reviewed our process for identifying risks, developed risk management tools, conducted risk evaluations, and confirmed the effectiveness of these risk management tools based on the resulting evaluations.
Extract risks that affect the Group’s financial position and operating results, among other matters, and manage these risks from the standpoint of both damage minimization and business continuity
Extract risks that affect the Group’s financial position and operating results, among other matters, and manage these risks from the standpoint of both damage minimization and business continuity