As part of its internal controls that support corporate governance, Gunze has well-established systems in place for compliance, risk management and information disclosure. In response to the recently established Financial Instruments and Exchange Law, Gunze has set up a project team to build a new internal control system that can enhance the reliability of financial reporting.
CSR Promotion System COO:Chief Operating Officer CCSRO:Chief CSR Officer CCO:Chief Compliance Officer
To strengthen the Gunze Group's commitment to CSR, a CSR Promotion Section was established and a Chief CSR Officer (CCSRO) was appointed. To ensure strict compliance with laws and regulations while maintaining high standards of corporate ethics, Gunze appointed a Chief Compliance Officer (CCO). Gunze also set up a cross-divisional Corporate-wide CSR Committee to help instill the Gunze Activity Guidelines among all Gunze Group employees. CSR managers at each department/Group company are tasked with promoting legal and ethical compliance in conformance with its internal rules for CSR and compliance. Moreover, CSR seminars are held regularly for top executives, and all employees receive education and training to ensure strict compliance at all levels of the company. Gunze also shares compliance-related information among all concerned people. Information exchange meetings are held once a month to develop countermeasures or prevent recurrences of compliance-related problems. These are attended by attended by the CCO, corporate auditors, personnel from the CSR Promotion Section and other related sections. Gunze also set up an Advice Hotline for Employees to prevent misconduct and accidents. Should material violation of laws or serious compliance-related problems be discovered, employees are encouraged to report directly to the President (COO) or CCO. Internal rules have also been established to protect whistle blowers.
Based on its internal risk management rules, Gunze has built a solid cross-divisional management system to handle a variety of potential risks and prepare for unexpected contingencies. For information-related risks in particular, Gunze has set up an Information Security Committee, and has developed an Information Security Policy and Standard Countermeasures against Information Security Issues to protect the Gunze Group's information assets.
Gunze places high importance on communication with local communities and the general public. Consequently, Gunze functions as an open-door corporate group, proactively providing accurate and integral corporate information. To this end, the internal rules that underlie the policy for information disclosure have been set forth, and compliance with these rules is ensured among all employees. In addition, Gunze uses such opportunities as financial results presentations (twice a year), a top management meeting (once a year) and explanatory meetings when formulating a medium-term management plan to release corporate information, as well as through constant updates of its corporate website.