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.
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.
●Eight 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
With the aim of fostering a corporate culture in which the whole Noritz Group is aware of compliance, and each department and company can undertake self-correcting changes when necessary, we are carrying out compliance promotion activities.
Noritz carried out the following training in 2017.
・Compliance training for new employees
・Compliance training for new managers
・Power harassment training for managers in sales department
|Domestic group companies||
・Training for newly-appointed officers
・Training on fraud prevention of irregularities
・Various types of legal training
(i.e., contract related; personal information protection law; and labor law)
We also undertook compliance training for our suppliers.
■Plan for 2018
We plan to undertake training on legal issues for each department, based on our legal risk map, in addition to annual compliance training for new employees and new managers.
We also intend to carry out initiatives to enhance domestic and overseas group governance.
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."