Iwaki is dedicated to fulfilling its responsibilities to society and conducting sound business operations that comply with laws and regulations. The Basic Policy for Compliance defines specific measures concerning ethics and compliance.

1. Compliance with laws and regulations and social guidelines

Iwaki conducts business operations properly by complying with laws and regulations, the Articles of Incorporation, internal rules and other guidelines and by strictly observing social guidelines for behavior and standards for corporate ethics.

2. Elimination of anti-social forces

• Iwaki rejects any relationship with anti-social forces and any improper requests from anti-social forces.
• Iwaki clearly states its opposition to any relationship with anti-social forces by using measures that include provisions rejecting anti-social forces in contracts, rules, memorandums and other documents.
• Iwaki uses civil and criminal laws to respond to improper requests from anti-social forces in order to reject these requests regardless of the nature of the request.
• Iwaki maintains close relationships with many external organizations and individuals involved with anti-social forces. Examples include police departments, the Police Special Violent Crime Prevention Federation, regional violent crime prevention associations, attorneys, and others. Iwaki also cooperates with the activities of national and regional associations for the elimination of anti-social forces.
• When implementing measures for eliminating anti-social forces, there are precautions to ensure the safety of executives and others involved with these measures.

3. Unrestricted competition and fair business transactions

• Iwaki conducts business operations properly by complying with national and local laws and regulations about the fairness of competition and business transactions.
• Iwaki refuses to engage in any activities that restrict business transactions, such as holding discussions with a competitor in Japan or other country for the purpose of secretly determining product prices, sales volumes, sales methods, customers, sales regions, the timing of sales and other aspects of these transactions.
• Iwaki is open to all prospective customers in Japan and other countries and does not offer transaction terms to a particular customer that are better than terms offered to other customers. To contribute to sustainable social progress, Iwaki provides customers with information about its compliance, human rights, environmental and other policies and programs and asks for their cooperation.
• Iwaki complies with confidentiality laws and regulations concerning transactions with customers and is committed to protecting customers in accordance with guidelines for sound business practices.

4. Respect for intellectual property rights

Iwaki has numerous measures for the appropriate protection, management and use of its intellectual property rights. There are also measures to respect the intellectual property rights of others and prevent any infringement of these rights.

5. Respect for human rights

Iwaki respects internationally recognized human rights and is dedicated to preventing discrimination and human rights violations of any kind.

6. Environmental measures

Iwaki is aware of the effects of business operations on the environment and has many programs for reducing its environmental impact.

7. Prohibition of bribery of government officials and others

Iwaki never seeks additional benefits from government employees by using bribes or other methods. In addition, Iwaki personnel are forbidden from providing benefits, such as entertainment or gifts, to government employees in Japan and other countries. Iwaki personnel will firmly reject any request from a government employee in Japan or other countries for some type of benefit.

8. Prohibition of bribery of individuals other than government employees

Iwaki never seeks additional benefits by using a bribe or other improper method. Entertainment, gifts and other activities involving transactions with individuals other than government employees are allowed within an appropriate range in compliance with local laws and in accordance with generally accepted guidelines.

9. Prohibition of receipt of entertainment and gifts

Iwaki personnel are forbidden from requesting or accepting entertainment, gifts and other benefits from customers that exceed generally accepted guidelines for courtesies. In addition, improper business activities that benefit an employee’s family, other relatives, friends or others are forbidden and requests or the acceptance of entertainment, gifts or other items for this purpose are prohibited.

10. Education and training and workplace environment

• Iwaki continuously offers periodic education and training programs for executives and employees for the purpose of reinforcing their awareness of and commitment to corporate ethics and compliance with laws and regulations.
• Iwaki provides safe and pleasant workplace environments that include the respect for the characteristics of each individual.

11. Management of security export control

To contribute to peace and security in the world, Iwaki manages trade activities with respect to security export control in order to comply with all applicable laws, regulations and other restrictions.

12. Activities for the appropriate disclosure of information

Iwaki discloses information quickly and in a timely manner based on the policy of ensuring transparency and fairness as prescribed in the Financial Instruments and Exchange Act and other laws and regulations and in the timely disclosure rules of the Tokyo Stock Exchange. In addition, Iwaki provides as much as possible information that is not required by laws and the timely disclosure rules but is believed by Iwaki to be needed to increase the public’s understanding of company.

13. Quality and safety of products

• Iwaki is dedicated to supplying products and services with outstanding quality and safety that comply with laws and regulations, customers’ demands, and Iwaki’s own standards. Iwaki has a quality assurance system and is constantly improving this system.
• When an accident or other incident occurs, Iwaki quickly collects information in order to respond in a suitable manner.

14. Information security

• Iwaki strictly complies with laws and regulations, rules, guidelines, contractual requirements, and other social standards related to information security.
• Iwaki has an information security management system and data infrastructure that include measures for preventing the losses, leaks, alterations and unauthorized access. Many activities are used to protect data assets and the authority and responsibilities concerning the handling of this information employees are clearly defined.