Compliance

As a company keenly aware of compliance, we ensure compliance with all applicable laws and company regulations. As well, we always act in good faith as a model of a good corporate citizen. We view compliance as a way to fulfill the expectations of stakeholders, and have created the G-TEKT’s Code of Conduct for setting out the principles that every employee needs for abiding by the highest ethical standards. These guidelines are publicized for every employee. In addition to raising awareness on compliance, we also make continual improvements to prevent scandals and to quickly address them head on as well as to ensure that compliance is always a top priority.

Tax Policy

G-TEKT CORPORATION (the “Company”) establishes its tax policy and complies with it to fulfill responsibility for appropriate tax payments throughout its group.

1. 1. General Principle

   The Company contributes to financials of each country by appropriate tax payment in accordance with local laws and regulations in each country.

2. 2. Transfer Pricing

   The Company applies OECD transfer pricing guideline and the Base Erosion and Profit Shifting (BEPS) as overarching guiding principles for international transactions. It does not apply tax incentives that deviates from the intent of laws and regulations.

3. 3. Governance

   The Company is committed to resolve tax issues in a timely manner in cooperation with our overseas subsidiaries when it identifies them. Further, when it specifies highly important issues, it reports them to The Board of Directors of the Company. It reports them to Audit and Supervisory Board as well.

4. 4. Promoting Tax Compliance Mindset and Knowledge

   The Company is committed to educating its employees on tax compliance through its training programs.

5. 5. Relationship with Tax Authorities

   The Company makes efforts to have a productive relationship with each tax authority and sincerely responds to a request from tax authorities for providing information and takes measures to prevent recurrence to matters that tax authorities pointed out. Further, if disagreement arises, the company makes efforts to resolve it with constructive dialogue.

6. 6. Scope of Application

   This policy applies to The Company’s all officers and employees. The Company also requests all business partners involved in its business activities to understand and cooperate with this policy.

7. 7. Positioning

   This policy supplements The Company's Philosophy and Code of Conduct.

Initiatives to Prevent Corruption

In response to the recent strengthening of anti-corruption measures at the global level, we established an Anti-Bribery Policy in December 2017 with the aim of maintaining sound and transparent relationships with public officials, customers, and business partners, and we are working daily to prevent corruption. This policy is designed to ensure that the companies, officers, and employees of the G-TEKT Group comply in their business activities with the bribery control laws and regulations of various countries, including Japan's Unfair Competition Prevention Act, the U.S. Foreign Corrupt Practices Act (FCPA), and the U.K. Bribery Act (UKBA). The Company has established policies that must be followed.
The Compliance Officer, who is appointed from among the Company's officers, monitors the appropriate implementation of this policy and reports any problems to the Board of Directors. In addition, we have established a whistle-blowing contact for anonymous reporting, and have built a system to enhance the effectiveness of our anti-corruption operations through continuous and practical anti-bribery education and training.

Anti-Bribery Policy

Promotion of Fair Business Practices

Recognizing the importance of Anti-Monopoly Act, and with the aim of complying with the competition laws (including relevant laws and regulations) of various countries and regions, including the Anti-Monopoly Act (Act on Prohibition of Private Monopolization and Maintenance of Fair Trade), with respect to our activities as a company, including the operation of all meetings in which companies and executives and employees of the G-TEKT Group participate, we established a Compliance Policy of Competition Law in December 2017, declaring that we will not permit any activities that conflict with competition laws.

Compliance Policy of Competition Law

Prohibition of forced labor and child labor

We respect the "Fundamental Principles and Rights at Work" by the International Labour Organization (ILO).
In December 2017, we established the Anti-Forced and Child Labor Policy to ensure that companies, executives and employees of the G-TEKT Group comply with various laws and regulations regarding the prohibition of forced and child labor, and declared that we do not tolerate any forced or child labor.
The Compliance Officer, who is appointed from among the Company's officers, monitors the proper implementation of this policy and reports any problems to the Board of Directors. Furthermore, each company and its officers and employees thoroughly check the laws and regulations regarding the prohibition of forced labor and child labor in the country or region where they are located, and take care not to violate them.
In order to increase the effectiveness of our efforts, we have established a whistle-blowing contact that allows anonymous reporting, and we continuously provide education on the prohibition of forced labor and child labor through training and other programs.

Anti-Forced and Child Labor Policy