Governance

Prioritizing compliance and carrying out business in a socially fair and appropriate manner

Corporate Governance

We maintain a system of corporate governance that is focused on ensuring efficient business operations while improving administrative transparency in order to earn the trust of society and to satisfy its expectations.

Corporate GovernanceCorporate Governance

Compliance

Compliance Operational Structure

Polyplastics implements compliance measures from the two perspectives of “Prevention” and “Response” and strives to ensure an effective compliance operation system.

ComplianceCompliance

Unique and Original Initiatives by Each Group Company

Every August is Compliance Awareness Month and each Group company undertakes unique activities aimed at enhancing the effectiveness of the entire Group’s compliance system. At the Polyplastics Group company in Malaysia, employees put up original posters in such high-traffic spots as the main entrance and those to various departments, looking to communicate the importance of compliance to employees in a more accessible way. At the Group company in Taiwan, the managing director issued a message to employees on the importance of compliance and the company also conducted a compliance slogan contest and publicly awarded the top three entries.

In addition to these, very unique efforts are being made by each company, such as compliance crosswords and compliance four-panel comic contests.

Risk Management

Promotion of Risk Management

We have established a CSR Committee that regularly conducts reviews in order to help us address the diversity of risks that surround our business activities. The committee categorizes risks as either “Business strategy risks” or “Operational risks” and then develops and deploys risk management activities according to relative handling priority. We will continue to watch for changes in the business environment and social landscape and will work as a group to implement activities and countermeasures which mitigate risk.
Also, in order to improve the effectiveness of these activities and countermeasures, we conduct interviews with our different departments and group companies to check whether the PDCA cycle is being fully implemented and whether there are any operational issues that need to be addressed. Moving forward, we will continue working to improve our structures and operations even further.

Promotion of Risk ManagementPromotion of Risk Management

BCP (Business Continuity Plan)

At Polyplastics, in order to enable the continuation of our business activities in the event of a crisis, such as an anticipated Nankai trough earthquake or an earthquake whose epicenter is directly below Tokyo, we have created a basic BCP document, as well as a variety of manuals. In FY2022, we created a record of Polyplastics’ responses to actual cyberattacks and plant power outages and then established a system to prepare for similar future events so that we can quickly restart and continue our business operations.

Internal Control

image

We have established the Internal Control Basic Policy to use as a guide for ensuring suitable business management. In addition, our Group companies conduct self-checks each year, and all divisions and Group companies are asked to submit reports that confirm the effectiveness of their internal control. We also regularly conduct internal audits to evaluate the effectiveness of internal control, and we are working together with our parent company, Daicel Corporation, to put in place a global audit system that will further improve the quality of our auditing.