Transparent Management, Proactive Disclosure
To fulfill our social responsibility as a good corporate citizen and to be recognized as having corporate value by our stakeholders, we are working to establish a transparent management structure through proactive disclosure.
Corporate Governance Policy
To fulfill our social responsibility as a good corporate citizen and to be recognized as having corporate value by our stakeholders, Hanwa is working to establish a transparent management structure that is compliant with laws and social norms.
Corporate Governance Structure
We have adopted a corporate auditor system and an executive officer system. By building a system that enables more detail-oriented execution of business operations, we are aiming for speed and efficiency in decision-making.
Evaluation of the Effectiveness of the Board of Directors
Since FY2019, we have been analyzing and evaluating the
effectiveness of the Board of Directors to further improve
the functions of the Board.
An overview of the evaluation of the effectiveness of the Board of Directors and the result of the evaluation can be found at the link below.
Internal Control Policy
To have a corporate governance system that functions
effectively so that it reduces risks associated with
achieving business goals and facilitates sustained growth
and development, we believe it is vital to establish and
operate a system of internal controls for performing
business activities properly and efficiently.
We review our basic policy on internal control each period and disclose the status of our control activities.
Thorough Legal Compliance
We believe that it is indispensable for our sustained growth that each employee holds a high ethical standard and acts according to the common sense and rules of society. All our officers and employees comply thoroughly with regulations in daily corporate activities, and we are working to build a corporate culture that is open-minded and ethical.
In recent years, society is fiercely watching for corporate corruption, and corporate scandals often dominate the news. All our officers and employees comply thoroughly with regulations in daily corporate activities, and we are working to build a corporate culture that is open-minded and ethical.
To give form to our Corporate Ethics Philosophy and Corporate Ethical Standards formulated based on our company creed and mission statement, we, through many initiatives, are promoting corporate activities that are lawful, fair, and in harmony with common sense.
Initiatives for Thorough Compliance
(1) Training of Executives and Managers
We created a compliance manual in April 2006 as a guideline that
all executives and managers should follow, and we have
distributed it to all executives and managers in the Group
worldwide in different languages. Many editions of this manual
have been created because it is updated in response to various
environmental changes or amendments to laws.
The Compliance Committee meets regularly to review our status as to regulatory compliance. It also, for example, holds trainings for new employees and managers, and works to heighten the awareness of each executive and manager as to regulatory compliance.
We want all officers and employees of the Group to be able to
consult someone about compliance-related problems and report
them without restraint. We have multiple internal hotlines for
this purpose, and we also have an external hotline that is
manned by a law firm. We took care to make available many
contact points not tied to the top management so that all Group
officers and employees would feel free to consult them and not
bear the burden on their own.
We also invite persons who are not a part of Hanwa to provide information or consult us from our website.