CP Overview
CP Concept
CP refers to the legal system and code of conduct that companies operate to comply with fair trade regulations. The core of CP lies in establishing a system that can prevent risks associated with violations of fair-trading regulations and formulating a code of conduct. The aim is to proactively prevent the risks that may arise in the event of violations and establish ethical guidelines.
Background of Introducing CP
-
- Shift in Awareness Regarding Fair Trade
- The introduction of CP is in line with the global trend to adopt CP systems from a risk management perspective, and we have been implementing the system since January 2009.
-
- Enhancing Internal and External Credibility
- When publicizing and actively implementing CP internally and externally, efforts are being made to further enhance the image as a company committed to transparent and ethical management.
-
- Preventing Corporate Losses in Advance Caused by Legal Violations
- The implementation of CP aims to proactively prevent economic burdens on companies, such as fines, damages, litigation costs, and both tangible and intangible costs like damage to social reputation, which may arise in the event of legal violations being discovered.
The 7 Key Elements of CP
|
- Expression of Management’s Autonomous Compliance Will
- The commitment to autonomous compliance with fair trade, particularly led by the CEO, emphasizes the importance of interest and dedication to fair trade compliance among all employees.
|
|
- Operation of Education Programs
- Mandatory training programs tailored to the characteristics of departments and employees with a high likelihood of violating fair trade regulations are conducted. This aims to enhance awareness and knowledge of fair-trading compliance.
|
|
- Appointment and Operation of Autonomous Compliance Managers
- The appointment of autonomous compliance managers with substantial responsibilities and authority is undertaken. Through their duties, the will for autonomous compliance is reinforced and sustained. These managers play a crucial role in fostering a culture of compliance within the organization.
|
|
- Establishment of Monitoring System
- To prevent and monitor unexpected violations of laws, a pre-monitoring system has been introduced. Additionally, a Fair-trade Autonomous Compliance Council has been formed and is actively operating.
|
|
- Sanctions for Employees Violating Fair Trade Regulations
- In order to actualize ethical management, clear and rational regulations have been established, along with the implementation of sanctions for employees who violate fair trade regulations.
|
|
- Creation and Distribution of Autonomous Compliance Handbook
- The production and distribution of an autonomous compliance handbook serve as guidelines to prevent unfair trade practices that may arise during the course of business operations.
|
|
- Establishing a systematic document management system
- We are building an efficient and systematic document management system to establish the infrastructure for spreading a culture of voluntary compliance within the company.
|
CP Operation Regulations
Fair and Transparent CP Operation
Fair Image
Ensuring a perfect preventive system is a fundamental element for achieving fair and transparent CP operation.
The department dedicated to voluntary compliance places the highest priority on the establishment of rules for accident prevention, emphasizing rigorous pre-inspections as a primary task to enable the practical operation of CP. In addition, through various activities, the department is committed to making efforts to maintain a fair-trading order, ensuring that CP operates effectively and transparently.