Responsibility for maintaining a best in class ethics and compliance program and culture starts at the most senior levels of Bridgestone but ultimately belongs with each and every employee.
Bridgestone’s Group Global General Counsel and Chief Compliance Officer (CCO) and Global Law Leadership Team are principally responsible for oversight, evaluation and enhancement of the Bridgestone Group’s global and regional ethics and compliance programs. The Bridgestone CCO and Global Law Leadership team are supported in these efforts by Bridgestone’s Compliance and Fair Competition Working Group (WG) and regional teams of dedicated compliance professionals who work together to identify annual and long-term regional and global compliance priorities and goals, confirm the progress of overall compliance activities at the regional and global level and report the results to senior management. Since its establishment, the Compliance and Fair Competition WG has carefully evaluated the key elements and practices of highly effective corporate compliance programs and instituted short and long-term strategies to foster a best-in-class compliance culture consistent with the Bridgestone Group’s corporate values and principles.
Board oversight and engagement has been a hallmark of Bridgestone’s ethics and compliance program for many years. This board-level oversight was strengthened in 2014 with the establishment of a Compliance Committee as an advisory body to the Board of Directors, and again in 2016, when Bridgestone transitioned to a new corporate governance structure. In 2017, the Compliance Committee held six meetings comprised of external directors who shared feedback on Bridgestone’s ethics and compliance program based on their own experiences and expertise. The Bridgestone CCO submits periodic reports to the Compliance Committee as well as annual reports pertaining to global compliance activities to the Board of Directors. Regional CCO’s are responsible for providing similar reports to their respective senior leadership teams and boards as well.
Finally, recognizing that a true culture of compliance requires active engagement by all of our teammates, Bridgestone prioritizes a culture that provides opportunities for and encourages participation in compliance activities by teammates in every business unit and function and at all levels of the organization.