Azbil Corporation recognizes that compliance is essential in gaining the respect and trust of society, thereby ensuring the Company’s continued existence and development.
Compliance requires not only that we observe the relevant laws and regulations but also that each of our officers and employees truly understand and follow sound and ethical business practices.
Business Conduct Policy and Business Conduct Guidelines
Our Business Conduct Policy has been aligned with the azbil Group
philosophy, and consists of six areas including the Group’s public responsibilities,
social responsibilities, compliance with antitrust and other fair
trade regulations, and respect for human rights. Based on the Business
Conduct Policy, we assembled and implemented specific business conduct
guidelines covering all business activities from the perspectives of legal
compliance and ethical conduct.
Based on translation of the Business Conduct Guidelines into various languages, in fiscal year 2010, ended March 31, 2011, we prepared supplemental manuals for our overseas subsidiaries that take into consideration local laws and business practices.
By the end of the fiscal year, we had nearly completed the distribution of these manuals in China and elsewhere in Asia.
Compliance Promotion Framework
The Azbil Corporation CSR Promotion Group is responsible for promoting Groupwide education programs to spread awareness and ensure thorough compliance with regulations throughout the azbil Group. The Corporate Ethics Committee, which is chaired by the officer in charge of CSR, determines policy initiatives to ensure assiduous legal compliance and ethical behavior. The heads of departments and business office managers are designated as compliance managers and the heads of sections as compliance leaders, each of whom works to spread awareness and ensure thorough compliance in each workplace. In addition, we conduct annual surveys of compliance awareness among all azbil Group employees. These surveys are used to ascertain issues and implement improvements.
Compliance education sessions are held annually for all employees,
including directors, corporate auditors, and the heads of departments and
sections. Compliance-related issues identified through compliance
awareness surveys are reflected in compliance education using specific
examples for a thorough transition into action.
Beginning in fiscal year 2010, we reinforced our compliance education structure by incorporating a framework in which education staff teach compliance to all employees directly.