The AGC Group's CSR
For Customers and Business Partners
2. Ensuring Fair Trade
The AGC Group's Approach
Measures for Ensuring Fair and Proper Corporate Activities
In its Charter of Corporate Behavior, the AGC Group stipulates that it will conduct appropriate transactions and otherwise conduct its business in accordance with the principle of fair competition and all applicable laws and regulations. The Group also strives to maintain a sound relationship with politicians, the government, other organizations and individuals and firmly confront antisocial forces, aiming to conduct fair transactions.
●Compliance with Antitrust Laws
In addition to the Group Code of Conduct that summarizes matters all employees must comply with in their work, the AGC Group has formulated and implemented global guidelines for compliance with antitrust laws. The Guidelines state that, when meeting with a competitor company, (1) the legality of the purpose of the meeting shall be fully examined and participation shall be allowed only on an extremely limited basis, (2) advance permission to attend must be obtained from a supervisor and (3) following attendance, meeting minutes must be prepared.
Moreover, the Group is promoting face-to-face and e-learning education regarding compliance with antitrust laws in each region and organization. One of the global common priority audit items for internal audit is “Organization and procedure for compliance with antitrust law.” Audits of the state of compliance with these global guidelines are also implemented.
●Status of Implementing Measures for Complying with
Antitrust Laws (AGC Group)
|FY||Number of participants in e-learning||Number of internal audits|
|2019||Approx. 1,300||51 (Group companies and divisions)
●Preventative Measures for Anti-Corruption
The AGC Group Code of Conduct stipulates that the AGC Group maintains sound relationships with government agencies and other responsible organizations and individuals, and the Group works to comply with each country and region’s laws and regulations regarding anti-corruption.
In addition to the AGC Group Anti-Bribery Rules for public officers, the Group established and put into operation Anti-Bribery Guidelines in relevant countries in Asia that detail procedures, concepts and the basis of judgments.
●Compliance with Laws for Contract Employees and the Worker Dispatch Act
The AGC Group conducts business in collaboration with business partners involving contracting companies and temporary workers.
In addition, the Group annually conducts a survey on compliance with contracting requirements at AGC's production plants and major Group companies in Japan, and has confirmed that compliance-related rules were observed in 2017. The Group will continue to make efforts to disseminate and thoroughly comply with contract requirements and comply with the revised Worker Dispatching Act.
●Compliance with the Act against Delay in Payment of Subcontract Proceeds, etc., to Subcontractors
The AGC Group continually educates staff and managers to ensure compliance with the Act against Delay in Payment of Subcontract Proceeds, etc., to Subcontractors (Subcontract Act). Since 2009, the Group has conducted e-learning initiatives for employees who work with transactions affected by “the Act,” including employees located in Group companies in Japan.
In 2019, the Group conducted e-learning about the Act for approximately 1,300 employees. Additionally, in November, a liaison conference was held by approximately 20 subcontracting and purchasing management supervisors from each business division.
●Prevention of Insider Trading
To protect its shareholders and investors, and ensure the fairness and reliability of securities markets, the AGC Group is making every effort to spread awareness of the prevention of insider trading. In addition to clearly stating in the AGC Group Code of Conduct that insider trading is forbidden, systems intended to prevent it are stipulated in the Information Control Council Establishment Guidelines and the Insider Trading Prevention and Control Rules.
Furthermore, regular opportunities to learn about the AGC Group Code of Conduct are provided and information regarding the prevention of insider trading is thoroughly disseminated. Understanding of this information is reaffirmed when oaths are taken. Special training is implemented for directors, executive managers and personnel in specific posts (corporate planning, accounting, finance, Corporate Communications, IR, etc.)
Furthermore, if an AGC Group director or employee has concerns as to whether buying or selling stock could fall under insider trading, the Information Control Council prepares a system for review and works to prevent any instance of insider trading.