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. We also strictly prohibit any bribery, we conduct compliance training for all employees. In the Compliance Manual, we clearly state prohibitions on bribery and entertainment and giving gifts, specifically “the prohibition of giving gifts to public officials” and “the prohibition of excessive entertainment and giving gifts”, to build their awareness among employees.
In case of doubt, anyone can make a report to the Compliance Hotline. Once received, all reports are handled swiftly and appropriately.
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
Policy for High-Risk Areas
We conduct comprehensive checks in areas considered high risk, including the prohibition of bribery, concerning about entertainments and gifts exclusion of anti-social forces, prevention of money laundering, and prohibition of insider trading.
Examples of correspondence (partial)
Prohibition of bribery and business entertainment and 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.