Governance structure

The Company believe s that it is important to enhance management soundness, transparency, and compliance awareness in order to achieve sustainable corporate growth and improve corporate value over the medium to long term. To this end, the Company conduct s efficient management by building an organizational structure that can flexibly respond to changes in the business environment while enhancing its corporate governance system.

In addition, the Company promptly pro vide s information to its shareholders and inv estors based on tra nsparency and fairness, and it will fulfill its accountability in good faith through constructive dialogue with its shareholders and investors.

We position risk management as one of the most important issues for achieving sustainable growth while responding to changes in the business environment, and the Board of Directors has established “Risk Management Regulations” and is working to further strengthen risk management.
Regarding risk management, we have established a “Risk and Compliance Committee” to formulate basic policies, plans and systems for risk management, as well as to monitor the risk analysis and management status of each division and provide guidance and supervision as necessary.

Following the Compliance Rules and the Premier Anti-Aging Code of Conduct, all officers and employees are aware of compliance and perform their duties in accordance with laws, regulations, the Articles of Incorporation, internal rules, etc.

The Risk and Compliance Committee, consisting of full-time directors, a full-time Audit and Supervisory Board member, executive officers, the officer in charge of corporate planning, the head of legal affairs and the head of quality assurance, meets once a quarter in principle. The Risk and Compliance Committee, chaired by the director in charge of corporate division, reports and discusses matters related to the formulation of basic policies, plans and systems for risk and compliance.

We believe that if we continue to pay appropriate taxes and fulfill our social responsibilities over the long term, this will fulfill an important role in economic and social development, which will also meet the requirements and trust of all stakeholders. We are therefore committed to ensuring compliance with laws and regulations relating to taxation.

We do not have any relationship with or provide any benefits to antisocial organizations or individuals who pose a threat to social order or sound corporate business activities. We have implemented measures such as the inclusion of clauses to eliminate antisocial forces in contracts and other documents and also carry out screening before transactions. We also request our employees to sign a written pledge to comply with the above principle when they join our company and have prepared response manuals on the intranet and are working on employee education. We have appointed a person to be responsible for prevention of making unjust demands in the Legal Department. 
In the event of an unjust demand, we, along with the Legal Department as the contact point, will take appropriate measures in cooperation with our corporate attorney and the applicable police station.

We have established a whistle-blowing system available to all employees. We provide contact information points not only inside but also outside the Company for contacting outside attorneys. This allows us to directly identify risk information within the Company, not only to quickly identify and resolve problems, but to also make risk recommendations and prevent violations, thereby ensuring that our business activities are free of any fraud and that we provide safe and secure products to our customers.

We provide a variety of employee training programs such as insider trading prevention training, subcontractor law training, and information security training to deepen their understanding of relevant laws and in this way help prevent them from committing fraud or corruption.

We have established the basic policy of the Business Continuity Plan (BCP) and periodically reviews it to maintain a system for responding to emergencies.
At each business location, we regularly conduct initial response training, such as evacuation drills and safety confirmation systems, and we also work to raise employee awareness by conducting job patrols to identify dangerous areas and providing information on disaster response manuals.
With regard to infectious diseases such as COVID-19, we are prioritizing the safety of our employees and are strengthening measures to prevent the spread of the virus, including by informing employees of daily preventive measures and the response process in the event of an outbreak. In addition, we are strengthening measures to ensure business continuity by enabling flexible work styles through the establishment of a work-from-home system and the promotion of digitalization.