Sustainability

Governance

Corporate Governance Report

Corporate Governance Report (PDF : 0.28MB/13P) (Written in Japanese)

Basic Policy for the Internal Control System

Basic Policy for the Internal Control System (PDF : 1.04MB/6P) (Written in Japanese)

Promotion system

Mitsuba's internal control considers and make decisions on important matters related to business operations at management meetings under the Board of Directors, which monitors basic management policies, decisions on important matters, and the status of business operations.

Important matters related to ESGs are considered at ESG Council established as a company-wide meeting body for ESGs, and these are reported at management meetings.
As sub-organizations of the said meeting, we established the “Safety and Health Disaster Prevention Committee,” “Energy Conservation Committee,” “Production Technology and Environment Committee,” “EMS Committee,” “Product Controlled Substances Committee,” “Security Trade Council,” “Antitrust Law Recurrence Prevention Committee,” and “BCP Committee” to formulate and monitor activity policies on important company-wide issues in each section.

Group management and business operations system (Schematic diagram)

Group management and business operations system (Schematic diagram)

Compliance

Basic concept

The Mitsuba Group has appointed a Compliance Officer as the Chief Operating Officer for compliance in order to ensure compliance with laws and regulations, the Articles of Incorporation, and social norms, and established “Group Compliance and Risk Management Regulations ” as internal regulations related to compliance. The Board of Directors makes decisions on important management matters in harmony with laws and regulations, the Articles of Incorporation, and the Mitsuba Philosophy. We also aim to raise the compliance awareness of all people working in the Group through the Group's Code of Conduct (Actions MITSUBA Takes) and will make every effort to ensure that the information is understood so that we, as a Group, meet the expectations of society and can be trusted.

In addition, the Mitsuba Group has established various group regulations such as on human rights/labor, the environment, and business activities as internal regulations related to compliance, and established the “Safety and Health Disaster Prevention Committee,” “EMS Committee,” “Product Controlled Substances Committee,” “Security Trade Council,” and “Antitrust Law Recurrence Prevention Committee,” etc., under the company-wide “ESG Council” body in order to promote appropriate management systems.

Internal audits of the Group's business operations status are carried out by the Audit Office, which is an independent organization from business operations, and it gives necessary instructions for improvements.

Risk Management

Basic concept

The Mitsuba Group has appointed a Risk Management Officer as the Chief Operating Officer in charge of Risk Management in order to improve management for reducing risks and improving responsiveness to minimize losses. We established “Group Compliance and Risk Management Regulations” as internal regulations for risk management, and are making efforts to respond to emergencies that can lead to loss. We will also ensure that everyone understands how the Group will respond to such emergencies.

Business Continuity Management

The Mitsuba Group has established “Group BCM Regulations ” as internal BCP (Business Continuity Plan) regulations, and established the “BCP Committee” under the “ESG Council,” which is a company-wide meeting committee structure, as an appropriate management system for business continuity management.
To prepare for emergencies such as large-scale natural disasters, fires, and infectious diseases, we identify risks and determine policies under normal circumstances, and prepare for preventing and responding to risk occurrence. When a risk occurs, we will set up a response headquarters headed by the President, decide on a response policy, and then implement business continuity measures including how to recover from the disaster.

We will set up a “Production and Sales Conference ” as an organization for handling risks related to everything from production to sales, identify risks to ensure stable product supply and disaster prevention, and then implement necessary measures.