System for Promoting Group Compliance
As a system to ensure that Prestige International directors and employees and Prestige International Group companies execute assigned duties in compliance with laws/regulations and the Articles of Incorporation, the Company established compliance regulations based on the Group’s Code of Conduct, prevents infringements of laws and regulations and the Articles of Incorporation by directors, and seeks advice from outside experts as necessary. Furthermore, the Company’s monitoring system is strengthened through mutual complementation of directors centered on the CEO. In addition, the Company‘s Risk Management and Compliance Committee serves as an advisory body to the CEO and promotes the establishment of internal controls for matters related to risks and overall compliance for the entire Group.
Dissemination of the Code of Conduct and Employee Training
For the Prestige International Group to fulfill its social responsibility by practicing the guidelines of the Group’s management philosophy in all daily business activities, each individual officer and employee of the Prestige International Group companies shall perform their duties in accordance with the Code of Conduct in all areas of the business. The Code of Conduct and the rules and regulations established in accordance with the Code of Conduct are always available for employees to check on the company intranet at any time.
Furthermore, once a year employees are required to submit a written pledge that includes the Group‘s management philosophy, the Code of Conduct, and items of confidentiality in order to ensure that they understand and are familiar with the Group’s basic policies. In addition, the different compliance-related training sessions are conducted via e-learning.
Prestige International Group Code of Conduct
- Compliance with laws, regulations, corporate ethics, and fair and honest management
- Respect for the culture and customs of other countries and regions where we operate
- Prevention of extortion and bribery
- Proper handling of donations and political contributions
- Creation and provision of services that meet customer needs
- Disclosure of information and protection of personal information
- Environmental preservation
- Respect for human rights
- Creation of Safe and Comfortable Workplace
- Contributing to the development of a sustainable society
Internal Reporting System; Business Partner Whistleblower System
Prestige International has established an internal reporting system and a supplier whistleblower system for the purpose of early detection, correction, and prevention of misconduct, as well as to promote compliance management within the Group by creating a system for appropriately handling consultations and reports concerning organizational or individual infringements of laws and regulations, infringements of internal regulations, behavior that is problematic in terms of corporate ethics, and compliance issues (hereinafter referred to as “Compliance Infringements”). The Group has also constructed an internal reporting system and a business partner whistleblower system for the purpose of promoting compliance management within the Group.