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Our work on Corporate ethics

Corporate Philosophy

We, Nagoya Electric Works have been responding to customers’ needs putting up creation of products to contribute to development of society, with our corporate management philosophy “ To be Fair and Square.”
We believe that a corporation must respect human rights and compliance with relevant laws and international rules. At the same time it is important for each employee to take voluntary action to create sustainable society with social sensibility .
Nagoya Electric Works recognizes that compliance with relevant laws is an important task for our business management. Therefore, we established “Compliance Guidelines for compliance” so that executives, all the employees and all other relevant parties can realize our corporate management philosophy. In-house systems have been organized to ensure that these guidelines are followed and we also have established Corporate Ethics Committee, Corporate Ethics Promotion Division and Corporate Ethics Helpline.

Corporate Ethics Committee

The Corporate Ethics Committee, consisting mainly of top management, studies the drafted guidelines and action plans, confirms the progress of corporate ethics activities and considers disciplinary steps when laws or rules are violated.

Corporate Ethics Promotion Division

This Division, mostly organized with general managers, drafts the basic guidelines for compliance, provides instruction on the action plans created by each department and promotes the implementation of these plans.

Corporate Ethics Helpline

We created this Helpline for direct conveying to management any pertinent issues regarding corporate ethics in order to prevent actions that might violate our corporate ethics and to quickly resolve any related problems that arise.

Compliance Guidelines (extracts)

1. Basic Points
- Obey laws and company regulations
- Behave in a manner that is consistent with societal common sense

2. Compliance to Avoid Corporate Risks

(1) Society
Compliance, conduct suitable information disclosure, conduct appropriate PR activities, sever relationships with antisocial influences, protect the environment, make appropriate usage of information systems, protect intellectual property rights and obey security trade control.
(2) Customers, Business Partners and Competitors
Provide safe products, obey the Antimonopoly Law, conduct appropriate trading, prevent unfair competition and ensure fair entertainment and gifts.
(3) Shareholders and Investors
Disclose management information and prohibit insider trading.
(4) Government Agencies and Government Employees
Obtain proper authorization and submit required notifications. Prohibit entertainment / gifts for government workers.
(5) Employees
Respect human rights, prohibit discrimination, prevent sexual harassment, protect privacy, provide safe and sanitary working conditions, obey all labor laws, obey working regulations, conduct appropriate accounting and tax processing, make appropriate usage of company assets and enforce confidentiality.