Priority issue 05
Establish a Strong and Sound Management Base
Our Vision
For a company to enhance its corporate value in a mid-long-term context, and to sustain its growth, it needs to establish a strong and sound management base. Our company, in accordance with our corporate philosophy and action guidelines, in the long run, will maintain and strengthen a fair and successful relationship with various stakeholders, and will construct a strong and sound governance system that incorporates appropriate monitoring and supervisory functions.
Activity Targets
1.Maintain and Enhance a Strong and Sound
Corporate Governance Structure
Our basic policies are increasing the transparency and health of our decision-making process and improving the efficiency in management, by appropriately executing our corporate governance code. In accordance with our basic policy, we strive for sustainable growth, and aim to enhance mid-long-term corporate value for our shareholders and other stakeholders.
2.Develop and Reinforce
Risk Management System
We strengthen internal control through various committee activities and monitoring. Security measures and information control towards cyber attacks which may threaten our business continuity, BCP measures in response to disasters, and compliance with domestic and international laws, are a few of many risk-based rules we establish. We disseminate those among all employees and endeavor to maintain the company’s sustainable growth.
3.Ensure Compliance
Clarifying the measures against the risks that may lead to compliance violation and giving employee education encourage everyone to strictly abide by compliance rules, and to foster an open corporate culture.
Related SDGs
Action plan
1.Maintain and Enhance
a Strong and Sound Corporate
Governance Structure
Specific activities
Reinforcement of Internal Control Systems
Improved internal auditing
Utilization of external knowledge by inviting directors from outside the Corporation
Increased diversity of the Board of Directors
KPI up to the fiscal year ending September 2024
Compliance with all the principles of the corporate governance code
2.Develop and Reinforce
Risk Management System
Specific activities
Appropriate update and dissemination of risk response manuals
Formulation and dissemination of BCP manuals
Implementation of new measures to improve in-house information security
KPI up to the fiscal year ending September 2024
Clarification of measures to deal with various risks in the supply chain and value chain as well as establishment and regular review of BCP to encourage individual sites to take the initiative in emergencies
3.Ensure
Compliance
Specific activities
Enhancement of the risk compliance committee
Implementation of compliance training
Thorough implementation of TOYO Corporation Compliance, a code of ethics and legal compliance for directors and employees
KPI up to the fiscal year ending September 2024
Enhancement of the common awareness among all employees that compliance is essential for the continued existence and sustainable development of the Corporation
Participation in compliance training for all employees (to be held four times a year)
Sustainability
content list
