Corporate Governance/Compliance/Risk Management
Corporate Governance
Sustainability Philosophy Framework
The philosophy framework of the Toyodenso Group consists of a management stance, medium-term business plan, code of conduct, and rules and regulations, with the corporate philosophy (what never changes) at the top.
Basic Policy
Toyodenso has constructed a management system capable of responding rapidly and flexibly to changes in the business environment, bolstering the independence of each region and organization in order to meet the expectations of society and our customers in regions across the world as a company whose existence is valued by others. We believe that it is vital to increase the independence of regions and organizations and to maintain the trust we have earned in society and our customers all while accelerating the transfer or authority in order to promote even further global business development in the future despite intense competition
On the other hand, Toyodenso corporate governance requirements continue to increase, and our corporate management demands supervision of management autonomy and management as well as systematical compliance and risk management within the company. It is with this in mind that we build the trust of society, our customers, and our stakeholders, develop our corporate governance system in order to increase corporate value, and work to maintain and improve upon that corporate value.
Toyodenso Corporate Governance Structure
Compliance
Basic Policy
Toyodenso appointed a Compliance Officer from among our directors to lead us forward on the path of a company with the highest respect for regulatory compliance and to further build trust with society and our customers. Under the Compliance Officer's guidance, Toyodenso consolidated the company-wide areas of compliance policies, compliance, and corporate ethics and established a structure for internal control centered on the efforts of each organization in the group (enactment of a Code of Conduct, implementation of self-inspection, etc.), creating a system to promote a systematic approach to compliance and risk management by each organization. In addition, the Internal Audit Department is committed to effective auditing of each organization’s business operations.
Compliance System
Corporate Ethics Committee
The Corporate Ethics Committee consolidates compliance policy decisions for the entire group and all areas of compliance and corporate ethics company-wide to respond to crucial individual projects quickly and fairly.
Establishment of the Audit Department
The Audit Department conducts regular audits on business operations to improve internal control.
Establishment of a Business Ethics Improvement Proposal Line
A contact line was established where employees can offer proactive improvement proposals, opinions, concerns, or questions regarding conduct within the company that is or may be in violation of the law, governmental regulations, or company regulations or contrary to our corporate ethics.
Code of Conduct
s a member of society, in order to fulfill our mission and achieve our corporate philosophy, all members of Toyodenso Group have to understand this Toyodenso Group Code of Conduct” and act in a sincere and ethical manner in accordance with it.
Commitment to Compliance
Elimination of Anti-social Forces
We hold compliance management to the highest regard and recognize as a matter of course that our conduct as a member of society should not be contrary to the law, regulations, or ethical behavior.
From the perspective of compliance and in light of our sense of justice and good sense, we believe that it is unacceptable to maintain a relationship with any anti-social forces directly contrary to such recognition.
Conflict Minerals Regulation and Toyodenso
The purchase and use of minerals from the Democratic Republic of Congo and the surrounding areas are a source of funding for armed groups. Because purchasing such conflict minerals makes the purchaser complicit in the human rights violations occurring in such conflict areas, Toyodenso will continue to demand that we as well as our suppliers will not procure minerals from these areas.
Put an end to Violations of Laws and Internal Regulations through the Establishment of Business Ethics Improvement Proposal Line
Compliance with the law and internal regulations is a primary concern of Toyodenso. We absolutely cannot permit conduct contrary to the law or our internal regulations. With the establishment of the Business Ethics Improvement Proposal Line along with checks and balances, we strive to put and end to such noncompliance.
Slavery and Human Trafficking Statement
Toyodenso has instituted a forced labor policy based on the British Modern Slavery Act.
Risk Management
Basic Policy
In the event of a natural disaster (an earthquake, typhoon, snow damage, flood, etc.) or of an explosion, fire, or the like, we shall follow our disaster prevention plan in order to ensure prompt restoration of production and continue business under the basic principle of not interfering with the safety of human life, secondary disaster prevention (minimization of damage), and the local community.
Our Efforts
Commitment to Disaster Response
Disasters are ranked in three disaster levels with response being made according to the level.
Level I (Site), Level II (Respective Departments), Level III (Company-wide)
Business Continuity Plan (BCP)
Toyodenso is committed to minimizing damage without interfering with the production of our customers.
Personal Information, Confidentiality, and Other Information Management
Toyodenso has established a Confidentiality Committee and is working to bolster information management throughout the year in order to properly manage company information and the protection of personal information of our customers and employees.
Disaster Prevention Structure
