The Mitsubishi Chemical Holdings Group (MCHC Group) interprets "compliance" as more than simply legal compliance; we take it to mean the upholding of corporate ethics and social mores, as well. In addition, we have made compliance our top management priority and have established various related regulations, including the Mitsubishi Chemical Holdings Group Corporate Ethics, the Mitsubishi Chemical Holdings Group Compliance Code of Conduct, and the MCHC Group Compliance Promotion Regulations, which underpin all other compliance-related regulations.
To ensure the thorough understanding and practice of compliance throughout the Group, Compliance Groups have been established in MCHC's Internal Control Office and Compliance Promotion Committees appointed in each MCHC Group company. These are headed by Chief Compliance Officers (CCO), who are appointed by the MCHC Board of Directors. MCHC requires each MCHC Group company to prepare a code of conduct and guidebook, undertake education and training activities, conduct business audits and monitoring, establish and operate a compliance hotline, and perform other activities, all via Compliance Promotion Committee activities.
It also dispatches training instructors, prepares tools, and provides other types of support for the activities of MCHC Group companies. These concepts and activities also apply to overseas Group companies, which ensure and enhance compliance by using the MCHC Group Corporate Ethics as a common set of fundamental regulations in developing codes of conduct and preparing promotion regulations that are consistent with the laws and social mores of their host country.
[ Group Compliance Promotion System (As of June 30, 2009) ]
In FY2008, MCHC held a lecture on compliance as a top seminar for the presidents and CCO of its 98 Group companies. MCHC's compliance initiatives also included revisions of operating rules, aimed to protect hotline users even more firmly. These initiatives were reported at the CSR Promotion Committee.
In FY2009, MCHC will support measures to widen the understanding of compliance among its Group companies, particularly those operating overseas, promoted by the core operation companies of Mitsubishi Chemical Corporation (MCC), Mitsubishi Plastics, Inc. (MPI), and Mitsubishi Tanabe Pharma Corporation (MTPC).
In March 2009, MCHC set up a basic policy and administrative system for information system security, aimed at protecting MCHC's information system assets from internal and external threats, and thereby maintaining/enhancing the corporate value of the entire MCHC Group.
The basic policy calls on each Group company to "regard its information system assets as part of the Group's infrastructure and to strive to ensure the company's information security pursuant to the policy." As the promoting body, an MCHC Group Information System Security Administration Committee was set up, comprised of person in charge of information system of MCHC Group Synergy Office, the information system unit managers of the three core operation companies and technical supervisors of the information system operation company. The Committee's chairperson, assuming the highest responsibility for promoting the security of the MCHC Group, is assigned to the executive officer in charge of information systems at the MCHC Group Synergy Office. Moreover, a "person in charge of information system security management" is assigned in each Group company as the responsible promoter of the company's security initiatives.
