|
CORPORATE GOVERNANCE AND
COMPLIANCE
[ Back
| Next ]
| In
the interest of promoting management that
is both responsive and highly transparent,
the JFE Group has made great efforts to strengthen
our systems of corporate governance and compliance,
so that all officers and employees adhere
to the highest ethical standards in the execution
of their duties. |
 MANAGEMENT
ORGANIZATION AND INTERNAL GOVERNANCE
To construct operational and executive systems
that are capable of carrying out the most
appropriate strategies for each field in which
we do business, we, at the JFE Group, have
adopted a holding company structure featuring
separate operating companies in each business
field.
As the holding company, JFE Holdings
is a streamlined Group head office, responsible
for Group-wide strategic functions, risk management
and external accountability.
To ensure swift decision-making
through mutual agreement, we have established
management committees at the holding company
and the major operating companies of the Group.
We also employ corporate officer systems,
assigning a clear division of management decision-making
and operational executive rights and responsibilities,
in an effort to create an organizational structure
that encourages the prompt and flexible development
of businesses and delegates to operating companies
the authority to monitor market trends, formulate
strategies and policies that conform to the
needs of their customers, and make the necessary
investment decisions. At the same time, in
the areas requiring a Group-wide response—i.e.,
technology development, IT, environmental
and other common issues—Group-wide committee
meetings provide a forum for discussion. In
this way, we strive to attain management efficiency
and create synergies from the Group working
as a whole.
Regarding internal governance,
JFE Holdings, its operating companies and
major Group companies have internal auditing
organizations which provide mechanisms for
Group-wide internal audits, share information
with corporate auditors and implement monitoring
and internal controls for business operations.
COMPLIANCE
MECHANISM
We believe compliance is an essential part
of our efforts to make a positive contribution
to society. We consider respect for the law
to be a matter of course, and as good corporate
citizens, all our officers and employees must
be fully committed to corporate ethics, mindful
of our wide-ranging connections to the environment,
safety, human rights and culture.
Based on this awareness, to translate
this fundamental respect for compliance into
reality, the JFE Group has formed the JFE
Group Compliance Committee and drawn up the
JFE Group Standards of Business Conduct. In
addition, each of our operating companies
is making efforts to introduce a “corporate
ethics hotline,” as a conduit for communicating
important compliance-related matters directly
to top management.
 Management
Organization and Compliance Mechanism
|
