Hulic prohibits any act or all suspicious act that leads to corruption with business partners, including public agencies such as the government and local government. These prohibited practices related corruption include bribery and human rights violations, etc.
FY2024 Results
- Political contributions: none
- Expenses for corruption related fines, penalties or legal settlements: none
- Number of employee reprimands or dismissals due to actual or suspected corruption: none
Comprehensive Assessment of Corruption Risks
Before starting new business or projects, we conduct comprehensive investigations on the corruption risks related to new business partners. The investigation includes items such as associations with anti-social forces, insider trading, and human rights violations.
Efforts for Anti-Corruption (Partial)
We promote comprehensive preventive measures against action leading to or suspected of corruption. Specifically, we implement the following initiatives:
Measures Related Anti-Corruption (Partial)
- Implementation of compliance training for all employees
- In the compliance manual, specific prohibitions related to bribery, such as "prohibition of giving gifts to public officials" and "prohibition of excessive entertainment or gifts," are clearly stated and thoroughly communicated to all employees
- Operation of a system where anyone can report to the "Compliance Hotline" in case of doubts, ensuring prompt and appropriate responses upon receiving a report.
Similar initiatives are implemented for insider trading regulations and cutting ties with anti- social forces.
Policy for High-Risk Areas
In areas considered high risk, including the prohibition of bribery (including prohibitions on giving gifts to public officials and excessive entertainment or gifts), exclusion of anti-social forces, prevention of money laundering, and prohibition of insider trading and so on, we conduct additional investigations as necessary to confirm more detailed information and manage risk rigorously based on the result of risk analysis.
Examples of correspondence (partial)
Prohibition of bribery (including prohibitions on giving gifts to public officials and excessive entertainment or gifts): Twice a year, each department is required to submit check lists containing entertainment expenses and receiving and giving business entertainment and gifts. The company checks whether it is handled appropriately and evaluates risks. Additionally, in case of doubt, anyone can report it to the Compliance Hotline, and if a report is made, an appropriate response will be taken promptly.