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Strengthening of Nissan Group's business base
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Promotion of Fair-Trading
Policy/Philosophy
With economic globalization and strengthening of regulations, there is growing demand by society for compliance with laws and corporate ethics and promotion of fair and just transactions.
Our Group specifies strives to ensure the transparency of transactions. In our compliance manuals, we have specified matters to be observed: Comply with antitrust laws, Conduct fair transactions with suppliers and comply with the "Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors", Prevent unfair competition, Prohibit excessive entertainment and gifts, and Prohibit bribery of foreign officials, etc. In addition, with regard to anti-corruption advocated by the 10 principle of the UN Global Compact, we have established anti-corruption policies covering the scope of our company, affiliated companies and their subsidiaries, and aim to be valued by society as a good corporate citizen.
Nissan Chemical Group Anti-Corruption Policy
The Nissan Chemical Group supports international standards, including the United Nations Global Compact, and establishes the Nissan Chemical Group Anti-Corruption Policy (this "Policy"). This Policy complements the Nissan Chemical Group’s position on compliance with respect to anti-corruption, and shall apply to all officers and employees working for the Nissan Chemical Group.
- 1)Definitions
"Corruption" means the abuse of entrusted official authority for personal or company gain, including bribery.
"Bribery" means that, when company conducts its businesses,- any of its officers or employees provides improper benefits to a third party for the purpose of inducing a third party to conduct fraudulent or illegal acts, or upon request from a third party, or
- any of its officers or employees demands or receives improper benefits from a third party.
- 2)Commitment to Anti-Corruption
The Nissan Chemical Group has zero tolerance for corruption of any kind.
It shall not engage in any form of corruption relating to public officials, governmental agencies and any other clients (“Business Partners”). It shall also continuously ask the Business Partners not to engage in any corruption. - 3)Compliance with respect to Anti-Corruption
The Nissan Chemical Group shall comply with and require the Business Partners to comply with domestic and international laws and regulations concerning the prohibition of bribery and corruption, such as the Unfair Competition Prevention Act, the U.S. Foreign Corrupt Practices Act and the Anti-Unfair Competition Law of the People's Republic of China (commercial bribery rules). It shall also keep and maintain accurate financial records relating to business transactions involving itself. - 4)Remediation
In the event that the Nissan Chemical Group violates this Policy in the course of its business activities, it shall make efforts to remedy and correct the said violation through appropriate means and fully cooperate with investigations by the relevant authorities.
Date of Establishment: April 1, 2019
Nissan Chemical Corporation
Representative Director, President & CEO
Kojiro Kinoshita
Indicators
| Indicator | Scope | Unit | FY2017 | FY2018 | FY2019 | FY2020 |
|---|---|---|---|---|---|---|
| Legal actions received for anti-monopoly / anticompetitive practices (under investigation) | Consolidated※ | Cases | 0(0) | 0(0) | 0(0) | 0(0) |
| Fines charged and settlement fees for anti-monopoly/anticompetitive practices | Consolidated※ | Thousand yen |
0 | 0 | 0 | 0 |
| Confirmed corruption incident (under investigation) | Consolidated※ | Thousand yen |
0(0) | 0(0) | 0(0) | 0(0) |
| Fines charged and settlement fees for corruption | Consolidated※ | Thousand yen |
0 | 0 | 0 | 0 |
| Other incidents related to compliance (excluding environmental) | Consolidated※ | Thousand yen |
0 | 0 | 0 | 0 |
| Fines charged and settlement fees for other compliance related incidents (excluding environmental) | Consolidated※ | Thousand yen |
0 | 0 | 0 | 0 |
- Includes unconsolidated group companies in Japan
Expenditures to Industry Organizations and Political Contributions
| Indicator | Scope | Unit | FY2017 | FY2018 | FY2019 | FY2020 |
|---|---|---|---|---|---|---|
| Expenditures to industry organizations and political contributions | non-consolidated | Thousand yen |
18,305 | 19,552 | 19,553 | 20,818 |
| Ratio of above amount against net income | non-consolidated | % | 0.1 | 0.1 | 0.1 | 0.1 |
Activities
Training to Promote Fair Business Transactions
We hold participatory training sessions on corporate ethics for officers and employees, including new employee training so that all person can confront and promote compliance in their own initiative.
Regarding various laws and regulations, we regularly hold training sessions on important business issues such as the “Act on Prohibition of Private Monopolization and Maintenance of Fair Trade”, the “Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors”, insider trading regulations, and prohibition of bribery of foreign public officials. We also conduct training sessions focusing on practicality by such as regularly holding in-house seminars on familiar legal knowledge by in-house lecturers.
Not only officers and employees of our Company but also those of affiliated companies are targeted for these training activities, and we work to improve knowledge of the entire Group.