Strengthening of Nissan Group's business base
Promotion of Fair-Trading
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.
"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.
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
|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
|Confirmed corruption incident (under investigation)||Consolidated※||Thousand
|Fines charged and settlement fees for corruption||Consolidated※||Thousand
|Other incidents related to compliance (excluding environmental)||Consolidated※||Thousand
|Fines charged and settlement fees for other compliance related incidents (excluding environmental)||Consolidated※||Thousand
- Includes unconsolidated group companies in Japan
Expenditures to Industry Organizations and Political Contributions
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|Ratio of above amount against net income||non-consolidated||%||0.1||0.1||0.1||0.1|
Training to Promote Fair Business Transactions
In order to acquire legal knowledge necessary for business, various training activities pertaining to the "Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors", insider trading regulations, prohibition of bribery of foreign public officials, etc. are held regularly. 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 their knowledge, including by inviting lawyers as outside instructors, if necessary.
We also hold training sessions on corporate ethics for officers and employees, including new employee training, in an effort to further raise awareness.