Policies and Guidelines for Procurement
Officers and employees of the Toyo Denki Group will comply with the following policies and guidelines for the procurement of purchased parts and outsourced parts as required for the manufacturing of products ordered by customers (“procurement transactions”).
Procurement Action Guidelines
These guidelines indicate the codes of conduct that the Company’s executives and employees should comply with in the procurement of purchased parts and outsourced parts as required for the manufacturing of products ordered by customers (“procurement transactions”).
- Procurement transactions shall be conducted in compliance with the laws of the relevant countries.
- Information concerning suppliers in procurement transactions shall only be obtained within the scope necessary for conducting procurement activities in accordance with contracts. Furthermore, efforts shall be made to carefully manage and observe the confidentiality of information gained during business operations.
- Personal interests with suppliers shall be prohibited in procurement transactions, including the lending and borrowing of money.
- Receiving entertainment from suppliers beyond what is considered socially normal, accepting remuneration for personal benefit, or receiving inappropriate gifts is prohibited. Demanding that suppliers provide such things is also prohibited.
Established: February 1, 2016