Governance
Compliance
Our view on compliance
The Mitsuboshi Belting Group regards “compliance” as one of the important elements in our initiative to deepen our ESG management with the aim of achieving sustainable growth. Maintaining good compliance in our business activities is directly linked to gaining the trust of all stakeholders and thereby improving corporate value. We recognize this as a critical matter we must focus on and ensure as a Group, which touts itself as a manufacturing company.
In 2022, we made major revisions to our previous Code of Conduct in consideration of the ten principles of the United Nations Global Compact and other factors to ensure that it is compatible even with today’s society, in which companies are expected to play a greater role. This Code of Conduct has been translated into a total of five languages, including English and Chinese, and has been disseminated to all employees of the Mitsuboshi Belting Group. Also, with the aim of ensuring that each employee correctly understands this Code of Conduct, meetings are also held in each department to read it.
Management system
The Mitsuboshi Belting Group has established the Compliance Committee, which is chaired by an executive appointed by the President and is comprised of members who are the heads of all departments of Mitsuboshi Belting, for the purpose of the overall management of compliance management activities in our business activities.
The Compliance Committee, in principle, meets three times a year to identify significant compliance risks that the Mitsuboshi Belting Group must address for each fiscal year, establish response policies with responsible organizations and goals, monitor and evaluate the implementation status of the responsible organizations, and provide instructions as necessary. The details of the Committee’s activities are reported to the President and the Board of Directors.
Implementation status
In FY2023, we continued to engage in compliance training activities, in which training was provided for each rank, function, and site and exchange of opinions was held, and the implementation status of such activities was monitored and evaluated by the Compliance Committee. Additionally, we collected information on the details of compliance management activities of all departments monitored through internal audits conducted by the administrative department of the Head Office to clarify what has and has not been done.
There were no incidents of anti-competitive or corrupt practices in the Mitsuboshi Belting Group in FY2023.
Whistle blowing system
The Mitsuboshi Help Line is in place as a system to ensure the proper handling of consultations from or information provided by executives or employees of Mitsuboshi Belting or our Group companies in Japan regarding the violation or possible violation of (1) laws, (2) the articles of incorporation, (3) internal rules and regulations, (4) contracts, or (5) social norms within the Group. An external law firm serves as the contact point for the Help Line, and a “Person Responsible for the Help Line,” a designated “Person Engaged in the Activity of Dealing with Whistleblowing Disclosures,” and other personnel handle whistleblowing cases. We also prohibit any unfavorable treatment of whistleblowers or any investigation into whistleblowers in an effort to protect them. We will continue to strive for early detection and correction of any misconduct and strengthening of our compliance management.
