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Torishima Pump Mfg. Co., Ltd. (hereinafter referred to as “the Company” or “we”) has been promoting its business under the Corporate Philosophy “Never lose the public trust, even if monetary loss proves unavoidable.” It is vital to our organization that we never lose the trust of society. If this trust is ever lost it can take a long time to recover and could result in severe damage to our organization. Therefore, the spirit inspired by this philosophy leads us to ensure compliance.
Our officers and employees are fully committed to embracing our Code of Conduct. We hereby revise this Compliance Code of Conduct in order to transform our Vision (a.k.a. “REVOLUTION” stipulated to commemorate the 100th anniversary of our founding) into concrete actions in line with the spirit of this “Corporate Philosophy”.
“Compliance Code of Conduct (Full version of PDF, revised on Dec.14, 2022)”
As of June 26, 2015, Torishima shifted its corporate governance structure to one of a company with an Audit and Supervisory Committee. Under this structure, directors who are members of the Audit and Supervisory Committee (including three outside Audit and Supervisory Committee members) are given voting rights on the Board of Directors. This strengthens the supervisory functions of the Board of Directors and enhances Torishima’s corporate governance structure. The accounting auditor cooperates with the Audit and Supervisory Committee and the Internal Audit Department to efficiently conduct effective audits while exchanging information and views. The Internal Audit Department, which is independent from business operations, conducts internal audits from an unbiased perspective and with a focus on the efficiency, effectiveness, and legality of business operations. It also audits overseas Torishima Group companies in light of the globalization of Torishima’s business activities. Japan’s Corporate Governance Code, which went into effect in June 2015, is being applied to all companies listed on the Tokyo Stock Exchange. In response, Torishima disclosed its corporate governance report in November 2015. This report is being revised as needed. An analysis of the principles of the code has helped us to understand what corporate governance measures we must take. Torishima will continue to strengthen its corporate governance system and hold constructive dialogue with shareholders and investors.
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