Governance
1. Strengthening the corporate governance system
As a company, we consider internal control and compliance with laws and regulations to be a fundamental and critical social responsibility. We are committed to carrying out our management in a lawful, appropriate and highly transparent manner, which we believe will contribute not only to our shareholders and business partners but also to the local communities. We understand that respecting the rights and positions of all stakeholders and earning the trust of society will lead to corporate development and increased corporate value. Therefore, we are committed to establishing strong corporate ethics and fulfilling our social responsibilities by adhering to the basic principles of corporate behavior that all executives and employees must follow.
The Board of Directors of our company carefully considers the direction of our corporate strategy and important business decisions before making the best possible choices. Additionally, we conduct an annual assessment of the Board's effectiveness and use the results to make necessary improvements.
In addition, we have established and maintained internal controls and introduced an executive officer system to ensure the validity of our management's decision-making and the effectiveness of our supervision of our management.
2. ESG (environment, society, corporate governance) promotion system
We have established an ESG Committee and an Internal Audit Office to carry out CSR (Corporate Social Responsibility).
The ESG Committee, in partnership with Namura Shipbuilding Co., Ltd., addresses various issues, such as responding to global environmental and human rights concerns, managing internal control and compliance systems, and enhancing ESG disclosure, with the aim of developing them within the organization. Additionally, we have established a crisis management committee under the ESG Committee to prevent unforeseen events that may disrupt our business continuity and respond promptly and efficiently. We prioritize the management of risks related to equipment accidents, serious labor accidents, and information system accidents, and we continuously work towards mitigating these risks.
The Internal Audit Office collaborates with full-time corporate auditors to conduct systematic internal control and operational audits of the company. The results are reported to the ESG Committee and Board of Directors.
Additionally, by establishing an internal reporting system, we have made it well known to facilitate ease of use by various stakeholders while considering the protection of the reporters.