Compliance
With the aim to ensure thorough legal and regulatory compliance (hereinafter referred to simply as “compliance”), the COSEL Group has established the Charter on Ethics and Standards for Voluntary Action as principles to be followed by all Group employees. We also established the Compliance Manual in April 2023 and are making efforts toward its thorough implementation.
Compliance is a basic part of everyday business. To ensure that all employees understand this, the General Affairs Department develops and maintains related systems and carries out training and awareness-raising activities with the General Affairs director serving as the chief compliance officer.
In addition, the Auditors' Office, the internal auditing organization under the direct control of the President and CEO, verifies whether business is being conducted in compliance with laws and regulations, the Articles of Incorporation, and internal rules and regulations and reports its findings to the Board of Directors and the Audit and Supervisory Committee.
The Board of Directors reviews the compliance system on a regular basis and strives to identify any issues and implement improvements in response.