- Home
- Corporate Information
- Compliance
Compliance
JFR Compliance Philosophy
At the Group, our goal is to grow the Group by broadly contributing to society as a company which is fair and reliable, as stated in our Group Mission Statement. In the "JFR Principles of Action" created in June 2019, we set down basic rules of conduct to be understood and followed everyday by our officers and employees on the basis of an awareness of their roles and responsibilities and with a strong moral sense in order to fulfill our social obligations as each one of the officers and employees of the Group works towards the realization of the Corporate Credo and the Group Vision.
These documents detail the norms the management team at each operating company wishes to communicate to the employees. We are also spreading knowledge to employees through e-learning and the company intranet.
Creation of a Compliance Committee
The Group has created a "Compliance Committee" (whose members include a corporate lawyer) chaired by the President and Representative Executive Officer in order to ensure appropriate responses to issues of compliance management. The committee shall strengthen cooperation with the division in charge of compliance of each business subsidiary to continuously implement development of the foundation for the compliance system and supervision of the status of operation, and promote compliance with laws and regulations, corporate ethics, etc. In addition, in the case where any material compliance-related matter occurs, the committee shall develop measures to take, etc.
<Response to Compliance Violations>
In the event of a serious noncompliance incident, the Compliance Committee will conduct a rigorous investigation and formulate a response policy. The details of deliberations by the Compliance Committee are reported to the Audit Committee on a regular and timely basis.
JFR Group Compliance Hotline (a whistleblowing system)
The Group has established a whistleblowing system that enables all officers and employees as well as all individuals working for the Group (including part-timers and employees seconded from business partners) to seek corrective action regarding compliance issues within the Group by reporting such issues to the JFR Group Compliance Hotline Secretariat, which is established within the Company, whenever deemed necessary. The Company has set up points of contact for whistleblowers both internally and outside the Group (a corporate lawyer). The Group’s internal company rules rigorously provide for the whistleblowing system in terms of protecting the confidentiality of whistleblowers and prohibiting any disadvantageous treatment of any whistleblower in accordance with the Whistle-Blower Protection Act.
