Compliance Promotion Structure
In order to ensure strict observance of laws, regulations, and corporate ethics within the Group, we have established the Compliance Committee, and under this we have established the Compliance Committee Secretariat Council to serve as the committee body that ensures the proper implementation of the Compliance Committee's decisions.
Establishment of the Global Compliance System
With the aim of building a group-wide foundation for an effective compliance scheme, the Group Compliance Department conducts education on compliance at each NGK base.
Mission Achievement-focused Initiatives of Fiscal 2019
Corruption Prevention Structure
The NGK Group implements anti-bribery measures in order to ensure fair and transparent transactions. In fiscal 2015, we instituted anti-bribery rules for dealing with foreign public officials in order to ensure compliance with anti-bribery laws as well as ethical standards for business conduct. Further, in fiscal 2017 our Auditing Department began a review of overseas money transfers and entertainment expenses.
Conducting Anti-Bribery Training
In fiscal 2019, we not only had our in-house lecturers provide job grade-specific training to NGK employees, we also invited outside lawyers to run small-group, interactive training sessions. In addition, we also arranged for attorney-led seminars and other training at all Group companies.
The NGK Group conforms to all applicable laws with regard to political contributions; this includes abiding by legal prohibitions against political contributions to individual politicians and ensuring that contributions to specific political organizations and parties do not exceed legally stipulated limits.
In fiscal 2019, the NGK Group had no political contribution expenditures.