Corporate Governance Systems
Fujikura has adopted an executive officer system to ensure clarity in its operational responsibilities and efficiency in its top-level management, and a corporate auditor system to enable the monitoring and supervision of decision-making processes.
We are also working to split the execution and supervision of management tasks, define the monitorial and supervisory functions of directors, and ensure our business operations comply with relevant laws and regulations—and with Fujikura’s Articles of Incorporation.
Activities related to internal control of daily operations are designed to ensure legal compliance in operational processes throughout the Internal Control System Development Division, the relevant departments at headquarters, and administrative organizations within each business segment.
As a system for internal control, we established management rules for documents and electronic information, and the storage and control of important management information. Additionally, we review company-wide risks, promote a compliance system, and manage a whistle-blowing system through the Risk Management Committee and the Conduct Code Promotion Committee.
We have also established a Group Management Policy to promote common values and facilitate a shared sense of unity, as well as improve the effectiveness of management supervision, risk management, and compliance systems throughout the group.
To support the work of auditors and improve auditing accuracy, we formulated a set of responsibilities for directors concerning the hiring and firing of employees that support auditors, independence from operating departments, and access to information required by auditors. We also arrange regular meetings to exchange views with operating officers and ensure that auditors are given opportunities to express their demands.
On the international front, the nuclear and missile development programs in Iran and North Korea are emerging as serious security concerns. Japan is a major exporter of high-tech products and technologies on a par with the United States. To help preserve international peace and security, Japanese companies must ensure that the general-purpose items they export overseas are not used to help create weapons of mass destruction—such as nuclear, chemical or biological weapons—or missiles to deliver such weapons.
To help prevent over-production of conventional weapons that could threaten peace in overseas regions, we must ensure that no consumer-focused products will be used in the construction of such weapons. In the past, media organizations have widely reported the illegal export by Japanese firms of items related to weapons of mass destruction. These acts threaten regional security and damage Japan’s international credibility. Companies involved in such deeds will be held responsible both socially and ethically, and, in addition to legal retribution, will likely be censured by society.
As one of its basic principles, Fujikura respects international trade-control rules aimed at maintaining international peace and security. Furthermore, the company is committed to complying with foreign exchange and trade-related laws and regulations, and performing its corporate activities in line with social norms.
Fujikura has established a system based on in-house, export-control rules to ensure legal compliance and promote voluntary export control. We use this system to judge whether our freight and technologies violate laws or regulations; monitor our dealings with customers; notify employees of revisions to applicable laws and regulations; train workers on export control; and carry out internal audits for export control. Other domestic and overseas Fujikura Group companies have also implemented Fujikura’s basic export-control policies based on their own in-house, export-control rules.
Japan recently introduced legal compliance criteria to be met by Japanese exporters. Accordingly, all companies and universities engaged in the export of freight or the provision of technologies are now mandated to regulate their exports in strict conformity with these new requirements. Fujikura's Security Export Administrative Division dispatches employees to domestic and overseas group companies to help raise awareness of the importance of export control and provide advice on related matters.