The VITAL KSK Group considers compliance with laws and regulations to be a key management theme, and has established a compliance code and adopted it as a code of conduct. Based on our corporate philosophy of contributing to the realization of a healthy and prosperous society, we believe that in order to build deep trusting relationships with our stakeholders and become a corporate group that is trusted by society it is also essential to act with high ethical standards as businesspeople. We also conduct compliance training three times a year for all officers and employees of the Group, and make rigorous efforts to instill awareness of compliance.
Basic Policy
We also conduct compliance training three times a year and rigorously implement initiatives to instill awareness of compliance. Based on our corporate philosophy of contributing to the realization of a healthy and prosperous society, we believe that to build deep trusting relationships with our stakeholders and become a corporate group that is trusted by society, it is crucial not only to comply with laws and regulations, but also to act with high ethical standards as businesspeople. For this reason, we have formulated a compliance code based on the following five basic policies, and have established it as a code of conduct for all officers and employees of the Group.
Basic Policy on Compliance
- Social (Community) Contribution
- Ensuring fair and appropriate transactions and safe services
- Timely disclosure and protection of personal information
- Establishment of a healthy working environment
- Severance of relations with antisocial forces
Compliance Code (Summary)
Complying with laws and norms and engaging in sound corporate activities |
- Complying with domestic and foreign laws and regulations, and respect for social norms
- Complying with antitrust laws, appropriate sales activities
- Complying with the Foreign Corrupt Practices Act (FCPA and UKBA) and laws and rules to prevent corruption
- Respect for human rights and anti-discrimination
- Protection of intellectual property
- Personal Information Protection
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Together with society |
- Contributing to society and the development of society as a corporate citizen
- Developing business continuity plans (BCP) that include respect for human life and crisis management logistics, by strengthening disaster readiness and response capabilities
- Maintaining sound relationships with politics and government
- Severance of relations with antisocial forces
- Complying with environmental treaties and laws and regulations, and strengthening efforts to protect the environment
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Be with our customers |
- Ensuring appropriate quality control and safety of products
- Providing appropriate information on pharmaceuticals and other products and promotion of their appropriate use
- Engaging in appropriate sales activities and transactions that ensure fair and free competition
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Working together with employees |
- Building and maintaining a safe and sound workplace environment
- Preventing harassment in the workplace (sexual harassment, power harassment, gender harassment, etc.)
- Enhancing employee education
- Enhancing internal reporting systems
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Relationship with shareholders and investors |
- Ensuring the timely disclosure of corporate information and the transparency of management
- Engaging in constructive dialogue with shareholders and investors
- Prohibiting and preventing insider trading
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Compliance Promotion Structure
VITAL KSK has established a Risk and Compliance Committee and established a system to promote compliance by appointing compliance leaders at all Group companies.
The compliance code obligates officers and employees to make a report whenever an act of non-compliance is discovered or committed by the person him or herself, and we have established a whistleblowing system envisaging cases where it is difficult to report via normal channels, such as sexual or power-related harassment. To make this system function properly, the compliance code states that reporters / whistleblowers will not suffer any disadvantageous treatment as a result of making a report.
Initiatives to Instill Awareness of Compliance
As part of our efforts to instill compliance awareness, since FY2016, we have conducted video-based compliance training for all Group officers and employees three times a year. To communicate the importance of legal compliance, training began with the themes of risks in the event of scandals and the prevention of sexual and power harassment by creating an open workplace. By continuing to identify and communicate information on themes relating to daily work duties and the workplaces of Group officers and employees, we are working to promote awareness and learning, and create an environment where compliance can be discussed openly and voluntarily in the workplace.
We also conduct compliance awareness surveys for all Group officers and employees once a year, so that the training does not become a one-sided affair. Based on the results of these surveys, we analyze compliance issues within the Group and reflect them in themes and content for future training.