Corporate Governance
RAIZNEXT Corporation (hereinafter referred to as the “Company”) and its subsidiaries (hereinafter collectively referred to as the “Group”) regard the promotion of compliance management to ensure compliance with laws and regulations and adherence to corporate ethics as well as securing the transparency and soundness of management to be the basis of all corporate activities. In an aim to achieve further transparency in its corporate activities, the Group will continue to make efforts to streamline and enhance systems and make sure that all officers and employees of the Group adhere to laws and regulations as well as corporate ethics with a resolute attitude. The Group has established the “RAIZNEXT Group Code of Conduct” (hereinafter referred to as the “Code of Conduct”) to serve as a standard for its
officers and employees to act in compliance with laws and regulations, the Articles of Incorporation and internal rules. The Company is a company with an audit and supervisory committee, members of which supervise the Company’s operation.
Internal Control System
RAIZNEXT Group is improving and operating the internal control system including rules and systems to prevent misconduct leading to a loss of social trust, and achieve the company goals. Specifically, in accordance with the “Basic Policy on Improvement and Operation of Internal Control System” resolved by the Company’s Board of Directors meeting, we build and operate a structure for ensuring the appropriateness of business operations. We have established the Internal Control Committee as a system. It annually and regularly confirms the status of improvement and operation of the internal control system and plans thereof and the results are reported at the Board of Directors meeting after deliberation at the Management Officer Committee meeting. Additionally, we respond to internal control under the Financial Instruments and Exchange Act for ensuring the reliability of financial reporting.
Compliance
RAIZNEXT Group has declared in Paragraph 1 “Compliance with Laws, Regulations, and Internal Regulations” of the Code of Conduct that it shall conduct fair and transparent business activities and has made it thoroughly known to employees within the Company group. In addition, we have established and operated the compliance system of the Company group, as stated in the following paragraphs:
- The Company group convenes the Compliance Committee meeting semi-annually to develop an annual action plan for improving the compliance system and check the action status.
- The Company group annually implements a “check of the status of legal compliance” which is the self- checking activity involving all employees to confirm laws and regulations to be complied with and identify and correct possible non-compliance actions at an early stage.
- The Company group improves and appropriately operates the “compliance hotline system” with the Legal Department within the Company and a law firm outside the Company serving as contact points.
- The Company group provides compliance education and training on the Construction Business Act and other important laws and regulations related to security trade control.
- The Company group implements internal audit by the Internal Audit Division which is independent from business execution divisions.
Information Security
RAIZNEXT Group has established regulations on confidentiality of information about customers and business partners, personal information, technological information, and other information and has taken measures such as inserting a confidentiality clause into master transaction agreements.
We are striving to avoid and minimize the risk of computer virus infection and cyberattacks by taking security measures for preventing leakage and misuse of information and raising awareness of employees through regular education and the implementation of training on targeted attack emails, etc.