To promote Group-wide sustainability activities, Bridgestone created a structure comprising a global CSR management system, a regional CSR management system, and working groups (WGs) for each area of activity. The global CSR management system prioritizes initiatives in areas pertaining to a variety of global issues, formulates global sustainability strategies, confirms the progress of activities in each area, reports to the Global EXCO,*1 and confirms the in-house imprementation of CSR activities conducted by the Global CSR Enhancement Committee (GCEC).
Within Bridgestone group, “Global Legal Leadership team” was established by leaders of the legal and compliance departments in the Americas, Europe, Middle East and Africa (EMEA), China, Asia and Pacific (CAP) and Japan and the team is taking a lead to design the overall plans.
The Compliance, Fair Competition WG supervises the progress of the compliance activities on a global scale, which activities have been significantly overlapped by initiatives created by the Global Legal Leadership Team. The WG regularly reports the activities to the top management of GCEC and each SBU region.
Since the establishment of the WG in 2016, the WG has created a plan for more effective programs to create a best-in-class compliance culture in the organization globally. These programs are designed consistent with the Bridgestone Essence and the core elements of effective compliance programs recognized by various preeminent government agencies and compliance experts.
Firstly and most importantly, Bridgestone’s top management has clearly identified compliance as a top priority for all members of the organization and has continued to systematically reinforce this message.
Bridgestone Corporation adopted a new corporate governance structure, a “Company with Nominating Committee etc. system” in 2016. Under the new governance structure, a Compliance Committee, which is comprised of independent board members, remains as an advisory committee to the Board of Directors and supervises Bridgestone’s compliance activities, particularly cartel and bribery prevention.
In 2016, the Compliance Committee convened a total of nine times whereby its members shared opinions based on their own experiences and specialties.
In addition to the regular report to the Compliance Committee, Bridgestone’s Chief Compliance Officer (CCO) presents an annual update on the company’s compliance activities to the Board of Directors.
*1 Global Executive Committee: The highest-level committee associated with Bridgestone Global Group business execution