Governance

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Basic Concept

Management Philosophy
“The UACJ Group strives to offer products and services deserving of our customers’ satisfaction and trust, and believes that sound and sustainable business development is key to making broad-reaching contributions to society.”

At the UACJ Group, we believe that robust corporate governance and sound, transparent management are essential for living up to our management philosophy. By working to strengthen and enhance our corporate governance, we not only enhance our efforts to achieve ongoing increases in corporate value but also advance the interests of shareholders, customers, suppliers, employees, local communities, and other stakeholders.

Key Objectives and Results

  Fiscal 2015 Objectives Fiscal 2015 Results Assessment Fiscal 2016 Objectives
Strengthen Corporate Governance Begin efforts to comply with Japan’s Corporate Governance Code Resolution calling for compliance with Japan’s Corporate Governance Code adopted by the Board of Directors Continue efforts to achieve compliance with Japan’s Corporate Governance Code
Highlight Compliance Enhance understanding of the Group Code of Conduct among all employees Implemented Code of Conduct education programs at all domestic Group companies and four overseas group companies

Prepared Vietnamese and Spanish versions of the Group Code of Conduct
Strengthen Code of Conduct education programs for overseas Group companies

Prepare more foreign-language versions of the Group Code of Conduct
Enhance understanding of reporting rules and eliminate reporting failures Clarified reporting standards

Enhanced understanding through the Group General Affairs/Human Resources Liaison Committee and other avenues
Enhance understanding of reporting rules and eliminate reporting failures
Further enhance awareness and credibility of the internal hotline Properly addressed eight matters reported via the hotline

Used code of conduct education programs and other opportunities to enhance awareness of the hotline
Further enhance awareness and credibility of the internal hotline
Promote Risk Management Implement risk management activities for the entire company Internally disseminated information on department-level activities on a semi-annual basis

Activity status reports were presented in CSR Committee meetings
Implement risk management activities for the entire company
Update the BCP and develop rules and manuals Developed rules and manuals

Discussed matters concerning a BCP framework
Rebuild the organization for promoting BCP

Develop a BCP framework

Looking toward the Future

For fiscal 2016, we plan to enhance compliance throughout the Group by taking the Group Code of Conduct education program, which has been conducted annually at the company and Group companies in Japan, to key Group companies overseas, beginning with those in Thailand. Furthermore, we are considering the use of a survey to assess the effectiveness of education and other measures we have implemented to enhance compliance.

Picture of Akihiko Kusumoto, Senior Managing Executive Officer
Senior Managing Executive Officer
Akihiko Kusumoto

Comment by the Executive in Charge

The role of a company, which is a member of society, is to provide society with valuable products and services, and to fulfill responsibilities to stakeholders. “The UACJ Group strives to offer products and services deserving of our customers’ satisfaction and trust, and believes that sound and sustainable business development is key to making broad-reaching contributions to society.” That is our management philosophy and we strive to implement it in our daily efforts to maintain the trust of stakeholders.

We see the role of corporate governance as providing a basic framework for our relationships with stakeholders. Of late, however, the role of corporate governance has come into question in society-at-large. In 2015, therefore, we closely examined our own operations to determine how we stand in relation to the 73 principles of Japan’s Corporate Governance Code, which sets forth best practices for companies to follow in pursuing ongoing growth and creating corporate value over the medium-to-long term. Based on that examination, we are confident that we have created a highly transparent, sound management system, and we are committed to further enhancing our corporate governance in line with the global standards set forth in the Corporate Governance Code.

In its pursuit of global business development, the UACJ Group strives to further strengthen its governance and ensure thorough compliance throughout its worldwide operations. Beginning with our Code of Conduct, which we established as a guide to help executives and other employees at all Group companies throughout the world act with the highest sense of ethics, we regularly conduct compliance education as a part of job-level training and education on particular laws and regulations.

The UACJ Group will spare no effort in enhancing its corporate governance, so that it can continue to be worthy of the trust of stakeholders going forward.

Corporate Governance
Information on UACJ’s basic policy on corporate governance, and matters such as internal controls and executive compensation.
CSR Management
Information on UACJ’s CSR advancement and enlightenment activities.
Compliance
Information on the UACJ Group’s initiatives for ensuring thorough compliance.
Risk Management
Information on the UACJ Group’s approach to risk management and the status of its business continuity planning (BCP).