We, as a member of the DENSO Group, conduct business activities based on a slogan that dates from the time of the establishment of DENSO, "Contributing to a better world by creating new value," as our original standpoint and our mission.
Our business activities are supported by many stakeholders, including our customers, stockholders, suppliers and employees, as well as local communities and international society. To achieve our mission, it is vital to respond to the expectations of these stakeholders and cooperate with them, sharing common values with them. To this end, it is indispensable to build up a strong relationship of trust backed with ethical corporate activities.
Accordingly, in 2006, we formulated the "DENSO Group Declaration of Corporate Behavior” to announce our CSR policy, positioning CSR at the core of our management. Under this policy, we have been promoting activities to lay the foundation for a relationship of trust with our stakeholders, and initiatives to raise their sympathy and satisfaction regarding the foundation.
We, DENSO Corporation and its Group companies,*will actively contribute toward the sustainable development of society through sincere business activities in each country and region.
We sincerely hope that all of our business partners will support our concept and take due action.
For customers’ trust and satisfaction, we will create “new values.”
We will respect our employees and provide a work environment that encourages each individual’s dynamic work.
We will strive to enhance our corporate value and encourage dialogue with our shareholders.
We will maintain open, fair and transparent dealings.
We will aim for harmonious growth with society by proactively working toward environmental protection and the enhancement of security and safety throughout all areas of our business activities.
We believe that key actions to earn the trust and understanding of society pertain to DENSO WAVE's observance of national and regional laws and all of its employees' fair and faithful conduct with the highest ethical standards.
Based on this recognition, we distribute to all employees the Code of Conduct for DENSO Group Associates formulated in 2006, which clearly indicates the standards of conduct for each and every employee, and utilize it to raise the CSR awareness of employees through education by employment level and other training.
DENSO WAVE continuously implements various types of compliance-related education and enlightenment activities aimed at raising the awareness of each employee, examples of which are listed below.
◎Principal employee enlightenment activities
・Education by employment level (such as new employee education)
・e-learning courses targeting employees with PCs
・Corporate Ethics Month (every October) Others
DENSO WAVE has established the Corporate Ethics Hotline system, which allows for reporting and consulting on work-related violations of laws and other matters by e-mail, by phone, in writing, or in person.
DENSO WAVE believes that establishing a corporate governance system designed to strengthen its competitiveness is the key to maintaining and improving long-term corporate performance, and thus strives to enhance its governance.
DENSO WAVE has developed various governance mechanisms in addition to statutory bodies such as the General Shareholders' Meeting, the Board of Directors, and the Board of Corporate Auditors.
Additionally, through a corporate officer system that divides and clarifies the roles between Directors, who are responsible for management (decision-making and supervision), and Corporate Officers, who are responsible for the execution of business operations, DENSO WAVE is streamlining its number of Directors and is realizing speedy decision-making and business operations. The term of office for Directors is set at one year, with the aim of building a flexible management structure that responds to changes in the management environment and furthering clarify management responsibilities during the business year.
The Board of Directors acts as the decision-making body for management policies and important operational issues. Decisions are carried out with the majority of Directors in attendance and by a majority of their voting rights.
The Top Management Meeting is a deliberative body charged with discussing issues to be decided by the Board of Directors and other important issues that have a bearing on overall corporate management (company-wide business plans, investment issues, important transaction formats and collaborative projects, and other important management matters), and gives direction to corporate policy. Results of the Meeting's deliberations are reported to the Board of Directors for final decision-making, in accordance with the Rules for the Board of Directors.
The Corporate Auditors with dedicated staff are responsible for monitoring the execution of duties by Directors as well as the business operations and financial conditions of DENSO WAVE and its subsidiaries.
Aside from attending important meetings such as Board of Directors' meetings, Corporate Auditors fulfill their management oversight function by auditing Directors' business execution through information exchange with internal audit departments and departments related to internal control.
With the aim of undertaking fair and efficient business operations, we have formulated the Basic Policies for Internal Control.
DENSO WAVE is striving to enhance and strengthen its risk management as part of its internal control system to help minimize risks, which are increasingly diverse in line with the expansion of its business.
We have selected risk items based on the frequency and degree of their impact on lives, credit, business activities, and property. For each item, we have designated a responsible department and are working to strengthen preventive, primary, and recovery measures.
To prevent risks and minimize damage if any risk arises, it is crucial that employees always be aware of risks and, if a risk arises, can take appropriate action. Based on this understanding, we have formulated the Risk Management Handbook and distribute it among our employees.
We have commenced the strengthening of earthquake disaster risk response measures (formulation of Business Continuity Plan [BCP])* from the perspective of business continuity management. We are also working to prepare an emergency situation manual and to complete countermeasures for disaster reduction.
Furthermore, based on the premise of Life First, we are developing activities to include spreading and raising awareness among both employees and their families (such as initial response training and safety confirmation system drills).