Basic Policy on Corporate Governance
Noritz recognizes that the enhancement of corporate governance is one of the most important management issues and aims to raise corporate value through its business activities for its shareholders and other stakeholders. We are determined to properly respond to the changing business environment, become more sound and transparent, and execute swift decision-making and optimal management judgement.
Establishment of Corporate Governance Guidelines
Corporate Governance Structure
●Adopted a corporate governance structure, which is composed of the board of directors and the corporate auditors/board of corporate auditors.
●Nine directors including two outside directors
●Four corporate auditors including two outside corporate auditors
By defining compliance as adherence to corporate ethics, which include laws and regulations, the Articles of Incorporation, internal rules, and social rules, Noritz has formulated the Noritz Group Code of Ethics and is committed to comply with it.
Compliance Promotion Structure
Compliance Promotion Activities
We carry out the following compliance promotion activities in order to foster an organizational culture in which a compliance mindset is firmly established throughout the Noritz Group, and each department and person takes full responsibility for their own compliance.
Strengthening Internal Controls
—Establishing an Organization that "Cleans Itself"—
To improve the quality of management, it is essential to put in place internal controls.
At the Noritz Group, we make efforts in the following three areas based on our Code of Conduct, and strive to establish an organization that "cleans itself."