Corporate Governance
Please refer to the following Corporate Governance pages and Corporate Governance Report.
Risk Management and Information Security
| Coverage | Result | (Target) | |||
| Fiscal 2022 | Fiscal 2023 | (Fiscal 2024) | |||
| Number of Risk Management Committee meetings held (times) | Sumitomo Bakelite Co., Ltd. | 4 times | 3 times | ‐ | |
| Information security training participation rate (%)*1 | Group*3 | Total | 100% (4,994) |
100% (4,965) |
(100%) |
| Domestic Group companies |
100% (3,334) |
100% (3,269) |
(100%) | ||
| Overseas Group companies |
100% (1,660) |
100% (1,696) |
(100%) | ||
| Number of security incident response drills conducted | Sumitomo Bakelite Co., Ltd. | 2 | 2 | (2 times) | |
| Number of serious security incidents (numbers per year)*2 | Group*3 | 1 | 0 | (0) | |
- *1 We implemented information security e-learning for the officers and employees of our group companies (including Sumitomo Bakelite Co., Ltd.) who use company-issued PCs (those with company-issued email addresses). In such e-learning, we provided explanations and alerts regarding targeted attacks, ransomware, business email compromise (BEC), internal fraud and information leakage caused by carelessness, etc., referring to cases of damage occurring within our Group as well as cases of damage outside our Group. For group companies located in Japan, the e-learning was implemented in March 2023 and March 2024. For group companies located in the countries other than Japan, the e-learning was implemented in April 2023 and June 2024.
- *2 We determine whether a security incident is serious or not based on standards established by our company, taking into account monetary impact, reputation, impact on operations, etc.
- *3 Sumitomo Bakelite Co., Ltd. and the companies in which Sumitomo Bakelite Co., Ltd. directly or indirectly holds more than 50% of the voting rights. Sumitomo Bakelite Co., Ltd. is included in group companies located in Japan.
Compliance
| Coverage | Result | (Target) | |||
| Fiscal 2022 | Fiscal 2023 | (Fiscal 2024) | |||
| Number of Compliance Committee meetings held (times) | Sumitomo Bakelite Co., Ltd. | twice | once | - | |
| Number of serious compliance violations*1 | Group*3 | 0 | 0 | (0) | |
| Compliance training participation rate(%)*2 | Group3 | Total | 74.5% (6,756) |
100% (8,740) |
(100%) |
| Domestic Group companies |
98.7% (3,694) |
100% (3,616) |
(100%) | ||
| Overseas Group companies |
57.4% (3,062) |
100% (5,124) |
(100%) | ||
| Number of whistle-blowing cases (numbers per year) |
Group*3 | Total | 12 | 17 | - |
| Compliance Reporting System (Group-wide whistle-blowing system) | 4 | 8 | - | ||
| Whistle-blowing system established independently by subsidiaries | 8 | 9 | - | ||
| Number of convictions related to bribery and corruption (cases/year) | Group*3 | - | 0 | (0) | |
| Amount of fines, penalties, settlements, etc. for violations of laws and regulations related to bribery and corruption (yen) | Group*3 | - | 0 | (0) | |
| Number of verified dismissals or disciplinary actions for officers and employees related to bribery and corruption (cases/year) | Group*3 | - | 0 | (0) | |
- *1 Number of compliance violations that had a serious impact on Group business
- *2 As part of activities during Compliance Enhancement Month, we implemented e-learning or in-workplace training for the officers and employees of group companies (including Sumitomo Bakelite Co., Ltd.), where they learn about the contents of Our Code of Conduct and Group Code of Ethics (which includes prohibition of corruption, prohibition of cartels, prohibition of discrimination and harassment), the overview of the whistle-blowing system, and the Compliance Slogans.
- *3 Sumitomo Bakelite Co., Ltd. and the companies in which Sumitomo Bakelite Co., Ltd. directly or indirectly holds more than 50% of the voting rights. Sumitomo Bakelite Co., Ltd. is included in group companies located in Japan.
| Coverage | As of March 31, 2024 | ||
| Internal audit (operational audit) coverage (%)*1 | Group*2 | Total | 81% (57 sites/70 sites) |
| Domestic Group companies |
97% (32 sites/33 sites) |
||
| Overseas Group companies |
68% (25 sites/37 sites) |
||
- *1 With regard to operational audits conducted by the Internal Audit Department (audit items include items related to anti-corruption, competition law compliance and information management), sites that have had at least half of their organization audited within the past six years are included in the coverage rate numerator.
- *2 Sumitomo Bakelite Co., Ltd. and the companies in which Sumitomo Bakelite Co., Ltd. directly or indirectly holds more than 50% of the voting rights. Sumitomo Bakelite Co., Ltd. is included in group companies located in Japan.