RYOYO ELECTRO CORPORATION

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Corporate Social Responsibility

Corporate Social Responsibility

Basic CSR Philosophy

In accordance with our corporate philosophy of "creating value in tune with the times," the Ryoyo Group conducts its business with high ethical standards for the greater good of society. In order to fulfill our responsibilities toward society in every aspect of our business, we will continue to act in compliance with this philosophy, as well as with all laws and regulations, throughout our domestic and overseas operations.

Basic Corporate Governance Philosophy

At Ryoyo Electro, we recognize enhancing corporate governance as an important task of management. Therefore, in order to continue to guarantee the soundness, transparency, and effectiveness of management, as well as increase corporate value and fulfill our responsibilities to society, we are striving to develop internal systems that ensure the functionality of corporate governance.

The criteria for the selection of outside officers

In order to ensure the independence of the candidates it recommends for outside officer (outside Director and outside Audit & Supervisory Board Member), the Company has formulated criteria for the selection of outside officers.

The criteria for the selection of outside officers require that candidates shall not fall under any of the following categories.

  1. (1)A party who is or has been a Director, an Auditor or an employee at the Ryoyo Group in the past ten years or a relative within the second degree of kinship of such a party
  2. (2)A party that is or has been a Director, an Auditor or an employee of a major business partner (*1) of the Ryoyo Group in the past five years
  3. (3)A shareholder that holds 10% or more of the voting rights of the Company’ shares (in the case of an institutional shareholder, this shall apply to business executives at such an institutional shareholder)
  4. (4)A provider of specialist services (*2) that has received \10 million or more of remuneration on an annual basis from the Ryoyo Group in the past five years
  5. (5)A party that has received a donation of \10 million or more on an annual basis from the Ryoyo Group in the past five years
  6. (6)A party that has a relationship with the Ryoyo Group in which exchange of Directors is carried out by mutual dispatch
  7. (7)Any other party with a significant interest in the Ryoyo Group
  1. *1.This signifies a business partner that has a relationship with the Ryoyo Group that constitutes 2% or more of the consolidated net sales of the Ryoyo Group in the most recent fiscal year.
  2. *2.This signifies an attorney, a certified public accountant, a certified public tax accountant, a judicial scrivener, a consultant or an advisor.

Systems to Promote Compliance

In 2007, we established the Ryoyo Group Codes of Conduct, which we expect directors and employees within all Ryoyo Group companies, whether domestic or overseas, to follow. It also describes matters that should be observed from a compliance perspective and serves as a foundation for our operations moving forward. We have also set up the "Ryoyo Group Compliance Hotline" so that we can quickly identify violations of the Ryoyo Group Codes of Conduct and carry out the necessary steps to rectify such issues. This hotline serves as a communication channel for employees to discuss and report compliance-related concerns.
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