Compliance is essential for sustainable growth. We accordingly adhere to internal rules and government legislation and refrain from acts that violate moral and ethical norms. The Denka Group Ethics Policy was established to codify Groupwide standards of conduct, while the Ethics Committee oversees the overall compliance structure and reports to management, thereby ensuring adherence to this policy.
Moreover, the Audit Committee Department, and other key business units, including the Legal, Internal Auditing, HR, Environment and Safety, Quality Assurance and Intellectual Property departments, ensure thorough legal compliance in their respective areas of specialty.
In addition, we have identified more than dozen basic legal fields that we are focused on maintaining Group operations in strict compliance with. To this end, we have prepared a “legal hazard map” aimed at analyzing legal and regulatory risk that may affect each Group company. Employing this map, we are developing and reviewing in-house rules for securing compliance in each legal field while formulating compliance education plans. This approach enables us to enhance the efficiency and effectiveness of our initiatives aimed at accurately assessing the compliance status of and ensuring strict legal compliance by business units throughout the Denka Group.
Also, Denka’s Legal Department and Career Value-Up Center are spearheading efforts to provide robust compliance education for employees at each Denka Group company. For example, employees at Denka’s local subsidiary in Malaysia underwent comprehensive compliance training in December 2018. With the aid of a local law firm, they studied how to prevent insider trading and other employee misconduct as well as anti-monopoly laws, information security and other compliance topics.