We have built a strong system of corporate governance to ensure that Obayashi is a company that is worthy of the trust of society at large. We think that increasing management transparency and soundness are important. We are also working to enhance corporate governance by enabling transparent, fair, swift, and firm decision-making based on the various principles of Japan's Corporate Governance Code set forth by the Tokyo Stock Exchange, in order to achieve sustainable growth and increase the corporate value of Obayashi over the medium and long-term.
At Obayashi, we have long worked to put our corporate principles into practice and earn the trust of society and our customers. As a company, we naturally comply with laws and regulations. However, we also believe it is necessary to cultivate a sense of ethics in each and every employee, and maintain a high sense of ethics and act with good judgment in implementing corporate activities, and are taking many steps to achieve this.
Obayashi Group believes that accurately understanding and taking countermeasures for risks associated with business activities, or minimizing the impact when they occur, will increase corporate value and fulfilling social responsibilities to stakeholders. We are building a risk management system that encompasses the entire group.
Tax Governance Policy
The Obayashi Group recognizes that tax is an important part of the infrastructure of society. In order to contribute to realizing a sustainable society, the Obayashi Group has formulated the following tax governance policy to guide the company in acting responsibly with regard to tax.