Sustainability | GovernanceCorporate Ethics and Compliance
The TDK Group bases its corporate ethics and compliance on top management demonstrating leadership in raising awareness among officers and employees and comprehensively ensuring proper action.
To ensure that all personnel are aware of the corporate philosophy, TDK Code of Conduct, and TDK Charter of Corporate Behavior, the chairman of the Business Ethics Committee, who was appointed by the Board of Directors, creates opportunities for direct education and training of Group employees. In addition, the TDK Group conducts group training, E-learning, and other programs every year to inform all Group employees around the world about the fundamentals of corporate ethics.
Global corporate ethics structures centered on the Business Ethics Committee have been established to perform periodic monitoring regarding the status of compliance with corporate ethics, and reports are made to the Board of Directors via the Corporate Ethics Business at the beginning of each quarter regarding the status of compliance.
The TDK Group has appointed a Global Chief Compliance Officer and Regional Chief Compliance Officers for each of the five regions worldwide and established the Legal & Compliance HQ directly under the President.
We are taking measures to further reinforce structures so that all Group personnel can act in strict compliance with shared global norms while working to develop an honest, fair, and transparent corporate culture and respond to the trust and expectations of customers in society.
We have identified group compliance risks that are believed to be significant from the perspective of legal risk management. The divisions responsible for the various compliance-related issues that arise confirm the facts, take appropriate action, and report to the Board of Directors in a timely manner. In addition, the relevant divisions cooperate with the Legal & Compliance HQ to analyze the causes and take measures to prevent reoccurrence at each Group company.
The TDK Group has established structures to enable employees and others to make internal reports and consult regarding issues of corporate ethics through channels other than their regular work chain of command. Each Ethics Council has a consultation hotline and internal helplines have been established on a regional basis for the direct collection of information and opinions relating to corporate ethics and other issues within the Group. In addition to the regular reporting routes within the Group, alternate reporting routes that provide access to outside law firms and other third parties have also been established in the Americas, Europe, and Asia. As a result, employees and others making reports can select the reporting route that they believed to be the most appropriate.
The TDK Code of Conduct Program stipulates the protection of informants so that they do not suffer any unfair treatment or disadvantages.
- The scope of figures includes the Ethics Councils of affiliates.
Spreading Awareness of Corporate Ethics
TDK provides every TDK Group employee with a copy of the TDK Code of Conduct Handbook, which they can use as a guide for their individual business activities, and also endeavors to spread awareness by, for example, displaying posters.
Also, in order to deepen employees’ understanding of corporate ethics, TDK implements training for specific ranks of employees and e-learning for all employees, as well as lectures for management by responsible directors and outside speakers.
During fiscal 2019, corporate ethics e-learning programs were arranged for 98% of all TDK Group employees.