Compliance

Learn about Torex Semiconductor's efforts for compliance.

Corporate Code of Conduct

Basic Philosophy

Companies should aspire to be a helpful presence in society whilst pursuing their primary economic role of seeking profit through fair competition. We are deeply conscious of the fact that companies are also members of society therefore, we have established the TOREX Corporate Code of Conduct to guide our development as an honest and decent enterprise so that we may contribute to the realization of a more prosperous society as a good corporate citizen.

Guidelines for Action

  1. Provide products and services useful to society while taking care to ensure safety and protect personal information to earn the satisfaction and trust of consumers and customers, and also of all stakeholders by contributing to energy conservation and other ways to contribute to sustainable economic growth and to solving issues in society.
  2. Conduct fair, transparent, and free competition and appropriate transactions. Maintain wholesome and impartial relations with politics and the government.
  3. Actively and fairly present corporate information, communicate with the broader society as well as with shareholders, and aim to raise corporate value through the accompanying constructive discourse.
  4. Respect the diversity, personalities, and individuality of employees while providing a safe and easy-to-work in environment that contributes to making their lives enjoyable and prosperous by eliminating all forms of forced labor, child labor, and human trafficking, as a matter of course, as well as eliminating unfounded discrimination, sexual harassment, abuse of power, and similar conduct from the workplace.
  5. rotecting and preserving the environment is a common issue facing all of humankind and we recognize this is also required of a business as it conducts its activities and, therefore, we voluntarily and proactively undertake such activities.
  6. As a good corporate citizen, proactively undertake activities to contribute to society.
  7. Respect the personality and human rights of all people and eliminate from business activities any other conduct which may foster violations of human rights.
  8. In the conduct of international business activities, strictly obey international rules and local laws, respect the local culture and customs, and conduct business so as to contribute to the development of the local community.
  9. Eliminate relationships with antisocial forces that threaten civic life and business activities and implement risk management by operating a business continuity management (BCM) system in preparation for natural disasters, cyberattacks, terrorism, and other disruptions.
  10. Top management recognizes that its role is to realize the spirit of this Code of Conduct and to set an example while thoroughly instilling it throughout the Company and group companies, building a practical Company structure and thoroughly implementing corporate ethics. It also urges the supply chain to take actions based on the spirit of this Code.
  11. Should there occur any circumstance constituting an infraction of this Code of Conduct, top management shall strive to resolve the problem, identify the cause, and prevent a reoccurrence while executing its responsibility to quickly and accurately provide society with corresponding information and an explanation, clarify authority and responsibility, and take punitive measures, including for itself, as appropriate.

April 1, 2024
TOREX SEMICONDUCTOR LTD.
President, Takeshi Kimura

Corporate System to Promote Compliance

Establishment of the Risk Compliance Committee

The Torex Group has established a Risk Compliance Committee with the president serving as the chair to enhance and strengthen our corporate governance.

Compliance guidelines

We have clarified the norms to ensure we achieve our compliance management declaration.

Internal reporting system

We operate an internal reporting system to detect at an early stage violations of laws, regulations and rules, and inappropriate behavior in compliance, and to prevent violations of laws and regulations when implementing compliance in the Torex Group.

Export Control

We naturally have a responsibility as a global company to contribute toward security export control to maintain international peace and security. We have built a security control structure as follows and are working to strengthen our export control structure to fulfill this responsibility.

Security management system

We have established the security export control regulations and have submitted them to the Ministry of Economy, Trade and Industry that is the competent authority. After confirmation by the Ministry that they are appropriate, the CP acceptance certificate is issued. Moreover, we report the situation of our self-management to the Ministry once a year.
Our security export control regulations clarify that the Security Control Committee is chaired by the President, who shall be the person with the ultimate responsibility for security management of the company. We have built a system in which the persons who are responsible for making legal and technical judgements appropriately implement security export control operations under the instructions of the President.

Security control education

Our goal is to improve the awareness of our employees toward our security export control systems. To achieve this, the security control education is the necessary educational subject for new employees and we also hold an educational program at least once a year for all the employees. We continue to raise awareness about the importance of the security export control.

Compliance with list controls and catch-all controls

Please contact our sales representatives when you wish to export our products overseas. We will issue you with a classification and parameter sheet for the list controls on our products. In addition, there is cargo subject to catch-all controls for our products that have been deemed not subject to list controls. However, we check the use/consumer requirements and informing requirements according to the security export control regulations in cases where we are the exporter.