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Corporate Governance and Compliance

Compliance system

We are working proactively to strengthen our compliance management as a priority management issue in order to manage the Company in conformity with laws and regulations and corporate ethics, and fulfill our social responsibilities.
We have established a Compliance Committee, with the representative director serving as chairman. Under this committee, surveys and verifications of all corporate activities are conducted regularly from the legal and corporate ethical standpoints. Furthermore, the Hitachi Zosen Group has established the Hitachi Zosen Group Charter of Ethical Behavior as an ethical behavior guidelines to be observed by all the directors and employees of the Group. By educating all directors and employees, the Group is aiming to improve awareness of legal compliance and promote the maintenance of a high standard of corporate ethics. At the same time we have established a whistle-blowing system to enable employees to consult with/report to an external consultant so that we can promptly and effectively prevent, detect, and address any legal violations.

Hitz Group Charter of Ethical Behavior

1.Compliance with Laws and Social Norms
We comply with our internal rules including corporate philosophy, corporate procedures and employment rules as well as domestic and foreign laws, regulations, social norms and their spirit.
2.Supply of Safe Products
We take the utmost effort to supply safe products in all our business activities.
3.Active Disclosure of Corporate Information
We communicate extensively with society as well as with our shareholders to promote our company’s corporate policy.
4.Environment Protection
We seek to save resources and energy, recycling and reusing in all our business activities and take good care of the environment.
5.Coexistence with Society
We, as a “good corporate citizen”, show respect for domestic and foreign cultures and customs, co-exist with society generally and regional communities, and seek to contribute to society according to our respective positions.
6.Fair, Transparent and Free Competition
We pursue reasonable profits through fair competition complying with all applicable business laws and regulations including competition law.
7.No Contact with Antisocial Forces
We have no contact with forces which threaten the safety of any members of society.
8.Refraining from Excessive Entertainment and Gifts
We refrain from giving and receiving entertainment or gifts which go beyond common sense both in amount and frequency.
9.Prohibition of Insider Trading
We do not trade stocks of our company or any of its subsidiaries or affiliates or any other company that we have business dealings with when we hold information in relation to such company which could influence the stock price of such company.
10.Respect for Human Dignity
We seek to eliminate discrimination, sexual harassment and the like, respect human rights, and seek to maintain a professional working environment.
11.Distinction between Public and Private Matters
We draw a line between public and private matters and carry out our duties with rectitude and sincerity.
12.Preservation of Confidentiality
We appropriately protect individual information held by our company, and also preserve all confidential information which becomes known to us in the course of business.

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