Declaration of a Clean Break with Cartels and Strengthening of the Antimonopoly Act Compliance System
First written in FY2020. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2024.
The whole theme swung hardest in 2020: 2 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「At major domestic subsidiaries and other entities, the company created compliance risk maps to identify and analyze the risks specific to each company.」
Following the Declaration to End Cartel Conduct, the compliance framework was expanded to include risk maps, an annual day to prevent the fading of awareness of antitrust violations, messages from the president and warnings to newly appointed presidents. - FY2022AdvancedAnnual report
「The company established the Toyo Seikan Group Human Rights Policy based on the United Nations Guiding Principles on Business and Human Rights as a guideline for promoting respect for human rights and fulfilling its responsibilities, and communicated it to officers and employees.」
As a compliance and human rights measure following the Declaration to End Cartel Conduct, the company established a human rights policy and communicated it to officers and employees. - FY2021AdvancedAnnual report
「Established the Toyo Seikan Group Compliance Consultation Desk as an internal whistleblowing system. On 17 April 2020, it was registered as a compliant operator under the Internal Whistleblowing System Certification (Self-Declaration Registration System) overseen by the Consumer Affairs Agency.」
As a compliance-strengthening measure following the antitrust-related issues, the internal whistleblowing desk was registered on 17 April 2020 as a compliant operator under the Internal Whistleblowing System Certification. - FY2020First statedAnnual report
「The company took these facts seriously and, at a meeting of its Board of Directors held on 20 December 2019, passed a resolution adopting the Declaration to End Cartel Conduct with the aim of establishing an antitrust compliance framework across the group.」
After receiving orders and surcharge payment demands related to antitrust law violations, the company adopted the Declaration to End Cartel Conduct and established recurrence-prevention measures including stricter rules and regulations, training, clarification of disciplinary procedures, personnel rotation, stronger internal audits and promotion of the internal whistleblowing system.