The importance of corporate governance as a check function for management is increasing amid the growing social responsibilities of companies driven by changes in business values and globalization. To strengthen corporate governance, companies must not only avoid risk and prevent scandals, but also support improved profitability and medium- to long-term value along with sustainable growth, which will also protect the interests of stakeholders.
Daikin recognizes that the role fulfilled by corporate governance will help to increase corporate value by promoting a balance between forward-looking/speedier decision making and operational execution and tireless upgrading of transparency and soundness in response to the Group's management tasks and surrounding environment. As a result, we increased the number of outside directors by one to four in June 2020, making the ratio of outside directors over one-third. In this manner, we are working to further upgrade management and strengthen the board's supervision functions.
Through an integrated management system for fast decision-making and execution, we improve our operational speed and ensure sound, transparent management.
Names and biographies of the Daikin Industries, Ltd.'s Management.
We quickly and accurately get the big picture regarding risk, and we strive to reduce it by conducting cross-organizational risk management.
We confirm the status of compliance with the Group Conduct of Guidelines and ensure thorough legal compliance.
The Daikin group strives for fair business practices through measures for complying with laws.
We are working to prevent bribery and corruption based on the provisions on "Free Competition and Fair Trading" and "Practicing Moderation in Entertainment and Gift Exchanges" set out in the Group Conduct Guidelines.
We have stipulated our Information Security Basic Policy and built an information management security system, and these are the basis for efforts to appropriately manage and use confidential information.
Intellectual property is a valuable company asset. We carry out proper and fair exercise of rights in response to violation of our intellectual property as well as respect other companies' intellectual property.
We take steps to ensure thorough tax compliance pursuant to the Group Conduct Guidelines.
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