Business Ethics and Corporate Governance

Business Ethics

In order to realize the corporate philosophy, we have established a set of Ethics Regulations, setting out an ethical approach and values. These regulations set standards for Mitsubishi Corporation Unimetals and its executives and employees in carrying out corporate activities. Click here to view the Code of Ethics.

Corporate Governance

As a wholly owned subsidiary of Mitsubishi Corporation, We recognize that corporate governance is a key management issue and will continue working to earn the trust of shareholders, customers and other stakeholders through transparent decision-making backed by accurate and timely information, strengthening of internal control systems, and enhanced risk management mechanisms.

[1] Implementation of Corporate Governance Measures

1. Adoption of the “company with corporate auditors” or the “company with committee” audit system
   The “company with corporate auditors” audit system is adopted.
   
   
2. Selection of outside directors / outside auditors
   The company currently has no outside directors. In order to clearly separate management and operation, we introduced an executive officer system in April 2009. To strengthen the audit function, two outside auditors have been appointed.
   
   
3. Assignment of dedicated staff to assist outside auditors
   Dedicated staff members have not been assigned to assist the outside auditors, but the appropriate departments provide assistance.
   
   
4. Compliance initiatives
   Compliance systems have been reinforced by making all company staff members fully aware of the Code of Ethics and the Code of Conduct to be complied with by executives and employees of Mitsubishi Corporation Unimetals and establishing a Compliance Committee and an Ethics Committee after appointing a compliance officer in accordance with the Code of Compliance Organization and Operations established in 2009. Click here to view the Code of Conduct.

[2] Structure of Operations and Oversight

The chart below shows the company’s management organization, internal control systems and risk management systems.