Corporate Ethics

Over the years, we have striven to earn and maintain the trust of our customers and the communities we serve by upholding our corporate philosophy. We not only comply with laws and regulations, but also take a course of action to foster a strong awareness of ethics. The Group continues to ensure strict adherence to corporate ethics by implementing specific measures of compliance.

Policies and Standards for the Establishment of Corporate Ethics

Obayashi Code of Conduct within the Obayashi Basic Principles stipulate strict adherence to corporate ethics. Throughout the Company, top management leads the effort for corporate ethics.

In order to stay aware of corporate ethics and create a sound corporate culture, we have expressed our strong determination to comply with laws and regulations and maintain high ethical standards, in our Articles of Incorporation.

Obayashi Corporationʼs Articles of Incorporation

Article 3 (Compliance and Sensible Course of Action)
In the Corporation each employee and board member shall observe laws and regulations, and maintain high ethical standards in their business activity. Particularly in regard to contracts for construction works, they should not take any action that would harm the equity and fairness of the tender, such as actions that violate the Penal Code and the Antimonopoly Act (Act on Prohibition of Private Monopolization and Maintenance of Fair Trade).

Structure to Ensure Adherence to Corporate Ethics

We have established a Corporate Ethics Program to ensure adherence to corporate ethics. Its structure continually maintain and improve the level of corporate ethics. Lead by the president, executive officers and head office, main office and branch officers are responsible for the program. Each business administration department managers promotes the program. Top management leads the effort for corporate ethics, as adhered on Obayashi Basic Principles.

The Corporate Ethics Committee, chaired by the president, has been established based on the Corporate Ethics Program. It meets regularly to deliberate on important matters related to corporate ethics, including the establishment of basic compliance policies, and works to rigorously ensure compliance within the Company. In order to incorporate assessments from independent parties, the Committee's members include a corporate attorney, outside authority and the head of the employees' union. Group companies have also established similar committees, and systems are in place for promoting corporate ethics.

Obayashi Internal Reporting System

An internal reporting system has been established for everyone involved in our operations (including employees, temporary employees, incoming transferred employees, part-time staffers, and so forth). In addition to an internal contact, an outside law office is available as an external point of contact to make the system easier to utilize for whistleblowers and more effective in general. Whistleblowers can be anonymous and are thoroughly protected against prejudicial treatment. All reports of impropriety are followed promptly with a factfinding investigation and necessary actions.

Introduction, Implementation, Verification, and Improvement on Specific Measures to Establish Corporate Ethics

In the Corporate Ethics program, Obayashi set out policies and standards, established systems, and introduced specific measures, which we are rigorously implementing. By periodically inspecting and reviewing the status of their implementation, we strive to continue an enterprise capable of continually maintaining and enhancing its high ethical standards.

  • 1    Rules and manuals for individual aspects of corporate ethics practice
    We have set forth and abide by rules and manuals for individual aspects of corporate ethics practice. These include the Antimonopoly Act Compliance Program, Antisocial Forces Exclusion Program, and Obayashi Group Anti-Bribery Program. Others are the Occupational Health and Safety Manual and Quality Manual.
  • 2    Training to establish corporate ethics
    In April of each year, workplace corporate ethics training is held for all employees of Obayashi Corporation and main Group companies as well as follow-up e-learning sessions. Using a textbook produced by the Corporate Ethics Promotion Committee, the training focuses discussion on specific cases, such as compliance with the Construction Industry Act and exclusion of antisocial forces, anti-bribery, preventing insider trading and the like. We also have trainings for officers, employees working overseas, conducting education and training programs in accordance with the laws, regulations, and regional characteristics of each country.
  • 3    Structure to disseminate corporate ethics, measure the extent of adherence to them, and assess their efficacy
    We monitor the implementation of our corporate ethics programs, including the Bid-Rigging Monitoring.Program conducted by the Audit Committee and monitoring of internal audits by the Business Administration Department. In order to incorporate assessments from independent parties, Corporate Ethics Committee's members include a corporate attorney, outside authority and the head of the employees' union. Group companies have also established similar committees, and systems are in place for promoting corporate ethics.

Others

Based on our Corporate Ethics Program, we have set forth and abide by rules and manuals for individual aspects of corporate ethics practice.

  • Antimonopoly Act Compliance Program
  • Antisocial Forces Exclusion Program
  • Obayashi Group Anti-Bribery Program
  • Anti-bribery due diligence related to public official or related party (including facilitation payment matters)
  • Sexual Harassment Prevention Guidelines
  • Information Asset Security Policy and Privacy Policy
  • Rules for the Preventing Insider Trading
  • Human Resources related rules and regulations

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