Material Issue 5:Build a Solid Base that Underpins Trust
Basic Approach and Policy
New risks are materializing one after another, including the increasing severity of meteorological disasters and the global spread of infectious diseases, and it is important to adapt to changes in the Group’s business environment and diversifying risks to prevent or minimize the loss of management resources. Considering this, we will strengthen our risk management, such as by developing BCM, which supports our stable supply of products, enhancing our ability to detect risks and improving overseas compliance systems, to increase corporate value. We will ensure management transparency and build and develop an appropriate governance system.
Objectives and Targets of SDGs that are Relevant to the Actions on the Material Issue
|Actions||Objectives and Targets of Relevant SDGs|
10.3 We will promote measures to ensure compliance and act appropriately by observing laws and regulations.
16.5 We will not be involved in corruption or bribery in any country.
|Promote effective risk management and disaster preparedness|
|Implement timely, appropriate and proactive information disclosure, and strengthen stakeholder communication|
|Contribute to local community development through our business activities|
|Contribute to the resolution of problems affecting local communities|
The Toyo Ink Group strives to achieve appropriate corporate governance in accordance with the “Basic Corporate Governance Policies,” in order to enhance the corporate value of the Group as a whole through the enhancement of the Group’s strategic functions, speedy management, and a balance between Groupwide optimization and the optimization of individual businesses.
By adopting an Audit and Supervisory Committee system, we have enabled Committee members to exercise their voting rights at meetings of the Board of Directors, thereby increasing the level of fairness and transparency of management and strengthening oversight of the Board of Directors. By adopting an operating officer system (one-year term), we have clarified the division of roles between management supervisory and executive functions and are speeding up decision making and enhancing supervisory functions with regard to execution of business.
Additionally, Toyocolor Co., Ltd., Toyochem Co., Ltd., and Toyo Ink Co., Ltd., the core operating companies of the group, each have an Operating Company Management Committee that regularly meets to share management policies and strategies, and discuss issues and achievements regarding the execution of business. Directors of the holding company attend these meeting.