Efforts for Governance

Basic Concept

We place importance on relationships of trust with our shareholders, employees, customers, business partners, creditors, local communities, and other stakeholders. In addition, in order to achieve sustainable growth and increase corporate value over the medium to long term, we recognize that the most important issues are the realization of a corporate governance system that supports appropriate decision-making, including non-financial information, and constructive dialogue with shareholders.
We will continue to strive to achieve sustained growth and increase corporate value over the medium to long term.

Corporate Governance

Corporate Governance and
Internal Control Structure
Corporate Governance and Internal Control Structure
Corporate Governance System

As a company with an Audit and Supervisory Committee, we have established a corporate governance system centered on the Board of Directors and the Audit and Supervisory Committee. In order to accelerate business execution and clarify the roles of supervisory and executive functions, we have delegated part of the decision-making authority for business execution to the President and Representative Director, and introduced an operating officer system.


Internal Control System

In accordance with the Companies Act and the Enforcement Regulations of the Companies Act, we have established a system (internal control system) to ensure the appropriateness of our business as described in the preceding clause, and we will further enhance this system.
We hold regular meetings between the Accounting Auditors and the Audit and Supervisory Committee to share information, and regular monthly meetings between the Internal Audit Division and Directors of the Audit and Supervisory Committee to share and cooperate with the audit results.
In addition, we hold three-pronged audit meetings with accounting auditors, the Audit and Supervisory Committee, and the Internal Audit Division about three times a year to share information on internal control issues.

Compliance

Compliance Declaration

In order to become a corporate group that is even more trusted by society, the Nippon Seiki Group engages in compliance-oriented management, complies with laws and ethics as a socially responsible entity, and strives to practice sound corporate activities.
We have established the Compliance Code of Conduct and aim to be a corporate group that is trusted by society by all employees, including directors, acting in accordance with the Code of Conduct. We will also contribute to the prosperity of society by providing high-value products and services that satisfy our customers. Furthermore, we will take a firm stance against antisocial forces and groups that threaten the order and safety of civil society, and will not have any relationship with them.
We will continue to make improvements and declare that we will conduct our corporate activities with an emphasis on compliance.


Compliance Promotion System

In order to promote compliance, the Company has established a Compliance Committee under the Representative Director and appointed a Director or Executive Officer as the Compliance Officer. The Compliance Committee strives to develop a company-wide, cross-sectional compliance system, identify problems and issues, and conduct awareness-raising activities. The Committee deliberates on important issues related to compliance violations and promotes continuous improvement. In addition, the directors and executive officers in charge of each business unit analyze compliance risks specific to each business unit and take countermeasures to continuously improve quality.


Compliance at group companies

In order to promote compliance, the Company has established a Compliance Committee under the Representative Director and appointed a Director or Executive Officer as the Compliance Officer. The Compliance Committee strives to develop a company-wide, cross-sectional compliance system, identify problems and issues, and conduct awareness-raising activities. The Committee deliberates on important issues related to compliance violations and promotes continuous improvement. In addition, the directors and executive officers in charge of each business unit analyze compliance risks specific to each business unit and take countermeasures to continuously improve quality.


Whistle-blowing system

In accordance with the Whistleblower Protection Act, the Company has established a "Whistle-blowing system" that accepts reports from employees and others with knowledge of injustice through internal and external (lawyers) contact points, and while protecting whistleblowers, conducts appropriate investigations, corrects problems, and takes measures to prevent recurrence.