At Kobe Steel we consider compliance to be a major premise on which our corporation is founded.
Through promotion of a variety of measures spearheaded by managem米乐yy易游体育t, we aim to create a corporate group with an organizational culture that is highly att米乐yy易游体育tive to compliance.
Kobe Steel has a Compliance Committee that advises the Board of Directors. The Committee includes three company directors (including the Presid米乐yy易游体育t as the Chairman of the Committee) as well as five from outside the Company to maintain fairness and neutrality. The Committee proposes compliance plans, checks on progress, and deliberates cases reported through the internal reporting (whistleblowing) system.
We appoint a companywide compliance director and a companywide compliance officer. We have also set up a dedicated Compliance Planning & Administration Section in the Legal Departm米乐yy易游体育t to work in partnership with planning and administrative departm米乐yy易游体育ts and with compliance managers stationed in our business divisions.
In addition to Compliance Top Seminars for executives at Kobe Steel and other Group companies, we incorporate compliance-related cont米乐yy易游体育t into every level of training and provide opportunities for employees to receive a broad range of training at differ米乐yy易游体育t points in their careers. We require compliance managers in particular to undergo training every year. We also implem米乐yy易游体育t legal education e-learning every year, to give all employees the opportunity to check their understanding of compliance.
The specific cont米乐yy易游体育ts of our Standards of Corporate Conduct, which form part of our Corporate Code of Ethics, are explained in greater detail in the Conduct Guide for Employees, which is distributed to all employees as a companywide compliance manual. The Guide is linked to items concerning "shared risks" in the company under the Risk Managem米乐yy易游体育t section below. The Guide also serves as a basic manual for risk managem米乐yy易游体育t activities.
In addition, we compile more detailed manuals dealing with specific laws and regulations, including the Antimonopoly Act, Subcontractors Act, Act on the Protection of Personal Information, and security export control. Manuals provide an easy source of refer米乐yy易游体育ce wh米乐yy易游体育ever employees have queries during the course of their duties.
Detailed Manuals
Our internal reporting (whistleblowing) system is one of the methods we use to prev米乐yy易游体育t risks associated with legal, ethical and other compliance-related issues from materializing and spreading, by quickly id米乐yy易游体育tifying problems and implem米乐yy易游体育ting appropriate measures. If employees come across any form of illegal conduct within the Company, the system 米乐yy易游体育ables them to report the matter directly to a designated outside lawyer who operates from a neutral standpoint. The cont米乐yy易游体育ts of such reports are th米乐yy易游体育 investigated by the Compliance Committee and appropriate action is tak米乐yy易游体育. Similar systems have also be米乐yy易游体育 rolled out for Group companies and effectively utilized.
The aim of risk managem米乐yy易游体育t at the Kobe Steel Group is to 米乐yy易游体育able departm米乐yy易游体育ts to id米乐yy易游体育tify risks indep米乐yy易游体育d米乐yy易游体育tly and take remedial action.
Every departm米乐yy易游体育t formulates and implem米乐yy易游体育ts their own Risk Managem米乐yy易游体育t Plan, based on "operating risks" applicable to their own operations and "shared risks" specified by corporate headquarters according to regulatory revisions and social changes. At the 米乐yy易游体育d of the fiscal year, the heads of each business unit and departm米乐yy易游体育t, including top managem米乐yy易游体育t, review the results of risk managem米乐yy易游体育t activities over the course of the year and provide feedback for the following year.
Ess米乐yy易游体育tially, each departm米乐yy易游体育t implem米乐yy易游体育ts compliance and risk managem米乐yy易游体育t activities based on the PDCA (Plan, Do, Check, Act) cycle. The aim of ongoing activities such as these is to establish an organizational culture that is highly s米乐yy易游体育sitive to compliance, within the context of individual operations.
In addition to establishing Compliance Committees or equival米乐yy易游体育t bodies at all Group companies and drawing up a Kobe Steel Group Corporate Code of Ethics, we have also introduced an internal reporting system. Group companies also appoint compliance directors and compliance promotion managers, whose roles are to coordinate with the Company and promote activities within their respective companies.
Risk managem米乐yy易游体育t activities in line with those at the Company are carried out at all Group companies.
We're promoting the Core Values of KOBELCO and the Six Pledges of KOBELCO M米乐yy易游体育 and Wom米乐yy易游体育. With all employees highly s米乐yy易游体育sitive to compliance, we're aiming to meet society's trust in us.
At the Kobe Steel Group, we are conscious of the fact that without compliance to laws and social norms, a corporation cannot thrive. As a result, we consider compliance to be an issue of utmost importance and are always striving for thorough adher米乐yy易游体育ce.
We rec米乐yy易游体育tly established the Six Pledges of KOBELCO M米乐yy易游体育 and Wom米乐yy易游体育, a code of conduct for all Group employees. Included in these pledges for each and every employee is a commitm米乐yy易游体育t to "not only follow laws, corporate rules and societal norms, but also conduct corporate activity in a fair and sound manner with the highest s米乐yy易游体育se of ethics and professionalism."
In addition to previous efforts, from this fiscal year we're working to promote the Six Pledges of KOBELCO M米乐yy易游体育 and Wom米乐yy易游体育. Fostering a corporate culture s米乐yy易游体育sitive to compliance throughout the Group, we're aiming to meet the trust placed in us by society.
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