Compliance Management

In order to continue our corporate activities and fulfill our social responsibilities while earning the trust of our shareholders, customers, local communities, and all other stakeholders, it is essential for all officers and employees of the Mitsui Chemicals Group to always act in good faith with an attitude of voluntary and autonomous compliance with laws, regulations, and rules under a unified compliance promotion system.

In February 2006, the Mitsui Chemicals Group formulated its Action Guidelines, which provide the basis for the actions of all its personnel, and introduced two maxims: "always act in good faith" and "have a high regard for people and society." By acting in accordance with these action guidelines and group compliance management rules (Company Rules), we will retain the trust of our stakeholders and fulfill our corporate social responsibility.

Amid recent major changes in the social and economic environment and growing social concern about compliance, the Group has made compliance one of its material topics as “prerequisites for business continuity.” Furthermore, the Group formulated its global policy on compliance management, classifying it into four phases: “prevention” and “detection” in normal times, and “initial response” and “permanent response” for emergency situations, and implements various measures at each phase on a group-wide and global basis, which will lead to the realization of VISION 2030.

The Officer in Charge of Corporate Administration & Legal Division is responsible for overseeing, directing, and supervising compliance management throughout the Mitsui Chemicals Group. The Officer in Charge of Corporate Administration & Legal Division shall establish a Compliance Management Committee as an advisory body to fulfill his or her roles and responsibilities regarding the compliance management of the entire Group. Furthermore, by reporting on the operational status of compliance management and the activities of the committee to the Management Committee and the Board of Directors, the Officer in Charge of Corporate Administration & Legal Division ensures that the top management maintains oversight over compliance management throughout the Group.
In addition, in order to develop a compliance system and ensure the efficient and effective deployment and establishment of related measures, a working group consisting of representatives from each of the headquarters functional divisions will formulate specific measures for the prevention and detection of compliance violations.
Furthermore, in the event of a compliance violation at the Mitsui Chemicals Group, a task force consisting of members selected from each division will quickly and appropriately implement initial response measures and formulate a permanent response plan, depending on the necessity of the case.