A truly global corporation must understand and practice CSR taking into consideration the local customs, culture and legal systems in each country and region in which it operates.
Based on this recognition, Furukawa Electric will continue to move forward with the reform of its organizational climate the perspectives of compliance, Group management, human resource development and environmental conservation.
Furukawa Electric takes seriously the repeated investigations by the Japan Fair Trade Commission on suspicion of violations of the Anti-Monopoly Act. As we implement measures to prevent future occurrences, we will strive to ensure compliance best practices in every aspect of our business going forward.
The third-party investigation committee on Violations of the Anti-Monopoly Act, established in July 2009, completed its investigation into the cause of these violations and gave recommendations on specific countermeasures in December 2009, with the committee's report released to both internal and external stakeholders.
Furukawa Electric has placed a compliance director and compliance promotion officer in each business division to reinforce its compliance structure and practices. The Company is also taking steps such as strengthening control over the price-setting process in the sales and marketing division, enhancing monitoring by the internal audit division and external experts and establishing an employee hotline to report possible violations of the Anti- Monopoly Act.
- As of December 10 2009, the chairman and president take the lead to ensure company-wide best practices as leaders in charge of corporate ethics.
- All executive and middle management are required to submit a compliance pledge.
- All employees are given a compliance awareness survey.
- Proper prior approvals and post-meeting reports are required when meeting with clients within the same industry.
- Disciplinary action is taken for compliance violations clarified in employee work rules, and a disciplinary committee is established to ensure suitable oversight.
- Training sessions on the Anti-Monopoly Act are implemented.
- The internal manual on the Anti-Monopoly Act is revised and employees are made fully aware of the revised manual.
- The four Principles of Anti-Monopoly Law Compliance are displayed on employee ID cards at the corporate head office. Compliance are displayed on employee ID cards at the corporate head office.
- 1. Strengthen the compliance structure and ensure on-site best practices
- Place a compliance director and compliance promotion officer in each business division.
- Provide training and educational activities.
- Conduct compliance inspection activities within each business division (confirmed using check sheets, etc).
- 2. Strengthen governance in sales and marketing division
- Strengthen governance of price-setting process, etc.
- Reexamine company participation, including attendees, in associations and industry organizations.
- 3. Enhance monitoring
- Conduct audit on compliance with the Anti-Monopoly Act through the internal audit division.
- Seek guidance and advice from external experts, including attorneys.
- 4. Other
- Establish internal employee hotline for issues relating to the Anti-Monopoly Act.
- Review regular rotation of human resources in the sales and marketing division, etc.
The pursuit of efficiencies and cost reductions in manufacturing throughout the world has resulted in demand not for individual components, but rather for the supply of these components as integrated systems.
Given these global market needs, Furukawa Electric will continue to enhance overall Group competitiveness by pursuing operations that combine the technologies and products of each Group company.
Furukawa Electric will undertake recruitment activities on a global scale to train and hire human resources that fit its model for growth. In addition, we will develop training programs that instill not only technical knowledge in specialist fields, but also practical business expertise, such as finance and tax systems.
We have established a target to reduce CO2 emissions by 15% compared to 2001 levels by fiscal 2013 and are currently striving to reduce the environmental impact resulting from our business activities to meet this target.
At present, we have achieved a 12% reduction, giving us confidence that we can achieve our 15% target on schedule by continuing to improve production efficiencies through process innovations.
