Fundamental Philosophy on Corporate Ethics
Seiko Group Corporation fulfills its social responsibilities by complying with all laws, respecting social mores, and building up sound and proper internal ethics.
Based on these principles, the Company has established the following as its Fundamental Philosophy on Corporate Ethics:
- We shall comply with the laws and rules of the countries or regions in which we conduct our business and always engage in fair practices in light of local moral principles.
- With the aim of being a decent corporate citizen, we shall always operate in harmony with society.
- We shall disclose information in a timely fashion and strive to uphold honest and transparent communications.
- We shall do our utmost to take care of our precious planet and contribute to the protection of the environment.
- We shall respect fundamental human rights and individuality and build a corporate culture with a broad vision that supports the spirit of corporate ethics.
Corporate Ethics Action Guidelines
Seiko Group Corporation believes that it is vital for each and every one of our executives and staff to adopt the basic stance stipulated in our Fundamental Philosophy on Corporate Ethics and to establish and put into practice ethical standards that are widely accepted by society.
In order to put this approach into practice, we have established the following Corporate Ethics Action Guidelines for our executives and staff:
I．We shall comply with the laws and rules of the countries or regions in which we conduct our business and engage in fair practices based on local moral principles.
- Fair competition
- We shall carry out business transactions with respect for the "fair, transparent, and open competition" that is a fundamental principle of a freely competitive society.
- Proper procurement
- We shall engage in sound procurement policies, always in compliance with local laws and ordinances.
- Quality and safety of products and services
- We shall comply with local laws and ordinances on quality and safety and provide products and services that meet established standards.
- Fair research and development activities
- We shall strive to excel in technologies that benefit people’s lives, such as miniaturization and energy efficiency, and carry out fair research and development activities that lead to the creation of new products and business.
- Respect for intellectual property rights
- We shall comply with all laws pertaining to intellectual property rights and respect the rights of third parties.
- We shall also protect and make full use of the Company’s own intellectual property.
- We shall respect the creativity and hard work of all our employees with regard to intellectual property.
- Proper accounting procedures
- We shall comply with Japan’s Companies Act, tax laws, and other laws, ordinances, and regulations relating to internal accounting, securities transactions, etc. and carry out proper accounting procedures and reporting in a timely fashion.
- Prohibition of improper expenditures
- We shall make no expenditures that violate laws or ordinances, social ethics, or sound business practices.
- We shall adhere to all laws, ordinances, and regulations related to improper spending, both in Japan and in each country or region where we operate.
- Maintenance of internal systems
- We shall operate free and open workplaces where everyone enjoys mutual respect and cooperates in their work.
- We shall strive to maintain an environment in which each individual can report, communicate, and seek advice in a proper and timely fashion.
- We shall always behave properly so as not to harm the interests of either our customers or our Company.
II．With the aim of being a decent corporate citizen, we shall operate in harmony with society.
- Connection with society
- We believe in the importance of the “culture of Time” that has evolved together with the world’s civilizations. To enable it to develop further, we shall contribute to a range of activities in society.
- We shall contribute to the further development of society through our wide-ranging solutions that meet society’s need for time-keeping, and in various particular areas, such as sports, technology, and industry.
- Non-engagement with antisocial forces
- We shall not engage with any antisocial forces or organizations, nor allow them to intervene in our business, and we shall prevent them from exercising any influence over our Company.
- Political donations, etc.
- We shall not make political donations that contravene any laws or ordinances or go against social standards, and we shall maintain healthy and open relations with government-related and political organizations.
III．We shall disclose information in a timely fashion and strive to uphold honest and transparent communications.
- Management of company information
- We shall treat information obtained in the course of doing business as the Company’s own property and manage it appropriately.
- We shall protect information regarding companies and individuals obtained in the course of doing business, and we shall properly manage the collection, use, and handling of this information in accordance with relevant laws, ordinances, and internal regulations.
- In order to prevent insider trading, we shall comply with the relevant laws and ordinances and carefully manage important, undisclosed internal information.
- Preservation of company assets
- All executives and staff shall use Company assets for legitimate business purposes only.
- We shall not provide any benefits in exchange for the exercise of specified shareholders' rights.
- Public relations activities
- We shall publicly disclose corporate information in a proper and timely fashion in order to ensure correct understanding among shareholders, securities analysts, journalists, customers, staff, business partners, local communities, etc., both within Japan and overseas.
IV．We shall take care of this precious Earth and contribute to the protection of the environment.
- Environmental protection activities
- Since the protection of our global environment is the foundation of a healthy and prosperous society, we shall engage in proactive and continual efforts to protect the environment, not merely by complying with laws and ordinances, but to a greater degree, by following the Company’s basic philosophy on environmental responsibility.
V．We shall respect fundamental human rights and individuality and build a corporate culture with a broad vision that fosters the spirit of corporate ethics.
- Establishment of a healthy work environment
- Due to our fundamental respect for human rights, we shall strive to create an environment where each person can exercise his or her individuality and originality to the fullest. Only in that way can our business develop and grow in a sustainable manner.
- We shall strive to realize a healthy and safe environment, free from unfair discrimination and harassment, where all our staff can devote themselves to satisfying work.
- We shall properly protect the personal information of all members of the Seiko community.