Sustainable management

Ethical management

For WORLD TUBE ethical management is a foundation that all of us have to follow in everything we think and do.

Our goal is to maximize corporate profits and use our profits to contribute to society by creating new economic added value, while increasing our competitiveness by correcting bad practices and cost structures within the organization in accordance with ethical standards.

Ethical charter

On the basis of a wholesome corporate culture and active ties between organizations, we are working to develop into a world-leading auto component maker. By establishing and executing the values of fair and transparent ethical management in order to achieve shared prosperity with our clients and stakeholders, we present the following ethical charter and pledge to use it as the standard for WORLD TUBE’s activities.

  • Customer satisfaction
    We think of customer satisfaction as corporate development and consider the customer to be our highest value in our work. We do everything we can to allow all our joint ventures and employees to develop together.
  • Trusting relationships
    Based on the principles of responsible and transparent management, we support free and fair competition, and we are doing our utmost to promote a clean corporate image.
  • Responsible, transparent management
    Based on the principles of responsible and transparent management, we support free and fair competition, and we are doing our utmost to promote a clean corporate image.
  • A leading company
    We are doing our best to strengthen our corporate competencies and carry our activities to fulfill all our social obligations and take a leading role in working for the public good.

Code of Ethics/Guidelines

Code of Ethics/Guidelines

Article 1 (Basic Responsibilities)
  1. World Tube aims to become a reliable and respected company based on righteousness management that thoroughly follows basics and principles.
  2. World Tube shall increase corporate values by strengthening continuous management innovation and growth to establish an ethical corporate culture to become a company customers want to do business with and where employees want to work for and ultimately grow and develop along with every stakeholder.
Article 2 (Customers and Clients)
  1. World Tube aims to become a reliable and respected company based on righteousness management that thoroughly follows basics and principles.
  2. World Tube shall increase corporate values by strengthening continuous management innovation and growth to establish an ethical corporate culture to become a company customers want to do business with and where employees want to work for and ultimately grow and develop along with every stakeholder.
  3. World Tube shall seek friendly competition with competitors and follow fair trade orders.
Article 3 (Executives and Employees)
  1. World Tube shall become a place of self-realization by respecting individual creativity and opportunity for fair competition.
  2. World Tube shall not discriminate for any reason including academic background, region, gender, age, and religion.
  3. World Tube shall establish a developmental corporate culture based on mutual trust and understanding.
Article 4 (State and Society)
  1. World Tube shall respect state policies and various regulations and fulfill social responsibilities.
  2. World Tube respect the tradition and culture of the local community and endeavor for common prosperity and development with the local community.
  3. World Tube shall comply with approved international laws, local laws, and accounting standards related to human rights, the environment, culture, and the economy.

Chapter 2: Practice Guidelines

Article 5 (Purpose)

The purpose of these guidelines is to define behavioral standards and the scope of permitted benefits such as money, valuables, hospitality, and convenience from stakeholders in regard to the performance of duties by executives and employees for the efficient operation of the code of ethics.

Article 6 (Definitions)

The definitions of terms used in these guidelines are as follows.

  1. Money and valuables: Financial gains such as money (cash, gift certificate, and vouchers) and goods
  2. Hospitality: Meals, drinks, golf, performances, amusements, etc.
  3. Convenience: Benefits such as transportation, accommodation, sightseeing, and support for events
  4. Stakeholders: Individuals such as executives and employees, clients, and institutions whose rights or interests can be directly affected by their performance of duties
Article 7 (Money and Valuables)
  1. Employees shall not request or accept money and/or valuables from stakeholders on any pretext. Provided, that souvenirs provided commonly to participants in an event hosted by the stakeholder and souvenirs with the stakeholder’s company logo are an exception.
  2. Money and/or valuables received unavoidably without being aware must be returned immediately and report to the department head if unable to return it.
  3. The department head must process reported money and/or valuables transparently and fairly and report the outcome to the management team, the division responsible for business ethics.
Article 8 (Hospitality)
  1. Employees may give and accept hospitality within common courtesy such as a meal with the stakeholder. Provided, that hospitality in bars with helpers of the opposite sex is prohibited.
  2. Hospitality beyond common courtesy is prohibited and must be reported to the department head if unavoidable.
  3. Approval by the department head is needed in advance to provide hospitality for stakeholders that go beyond common courtesy at the expense of the company or if participating in an event that includes hospitality beyond common courtesy.
Article 9 (Convenience)
  1. Employees shall not be provided with convenience such as transportation and accommodation that is at the expense of the stakeholder. Provided, that convenience provided generally to all participants of an event hosted by the stakeholder is excluded.
  2. If convenience exceeding the permitted scope was received unavoidably, it must be reported to the department head.
Article 10 (Congratulatory and Condolence Money)

Employees shall not be provided with convenience such as transportation and accommodation that is at the expense of the stakeholder.

  1. Employee's or colleague’s family event should not be informed to the stakeholder and informing via the third party is considered an act of informing directly.
  2. . Informing of family events among employees shall be limited to the relatives of immediate family members of the employee and their spouse’s grandparents, parents, and children.
  3. Congratulatory and condolence money between employees should not go beyond ordinary social practices.
  4. Congratulatory and condolence money should not be received from stakeholders. Provided, that congratulatory and condolence money received unavoidably should not go beyond ordinary social practices. If exceeded, the total amount must be returned. The department head should be reported if the money cannot be returned, and the department head must donate it to the management team.
  5. Executives and employees must submit documents related to the return of congratulatory and condolence money received from stakeholders when requested by the department responsible for business ethics.
Article 11 (Money Transactions)
  1. Employees shall not make any money transactions such as loans, guarantees for loans, and real estate leases with stakeholders.
  2. Employees must report to the department head if a money transaction with the stakeholder was unavoidable due to a personal relationship.
Article 12 (Support for Events)
  1. Employees shall not receive supporting donations from stakeholders in an event supported by the company such as a department-level event or group activity.
  2. Receiving conveniences such as a vehicle, venue, and service for the event is regarded as receiving supporting donations.
  3. Employees must report to their affiliated department head or hosting department head if the supporting donation was received unavoidably.
Article 13 (Improper Use of Budget)
  1. Employees cannot use budget resources of the company such as company credit cards for personal use.
  2. Company credit card is allowed to pay for business expenses and should be used in accordance with the budget purpose and standards stipulated by laws.
Article 14 (Responsibilities of the Department Head)
  1. The department head must frequently conduct training and consultation for affiliated employees to thoroughly understand the guidelines.
  2. The department head must take appropriate prevention measures for affiliated employees to follow the guidelines.
Article 15 (Duty to Report and Confidentiality)
  1. Executives and employees must promptly and straightforwardly report the violation of the guidelines to the management team that is responsible for business ethics.
  2. The department head must immediately report to the management team responsible for business ethics by completing the template upon learning of the fact of affiliated employees’ violation of the code of ethics and these guidelines.
  3. The department responsible for business ethics may confirm facts if needed on the reported affairs and associated executives and/or employees must actively cooperate.
  4. Executives and employees shall not enforce disadvantages or leak the identity of the reporter.
  5. Human resource measures shall be taken such as changing positions if the reporter wishes due to concerns of human resource disadvantages.
  6. Executives and employees must maintain confidentiality if learned of the report due to their duty or accidentally and may be disciplined if leaking the report.
Article 16 (Reward and Discipline)
  1. World Tube may grant rewards or appropriate compensation in accordance with related regulations to executives and employees who contributed to achieving the purpose of these guidelines.
  2. World Tube shall strictly reprimand executives and employees who violated these guidelines in accordance with related regulations.
Article 17 (Prohibition of Retaliation)

The contractor shall not conduct any retaliation of giving disadvantages to the contractee such as severance of business ties and unreasonable sanctions due to raising an appeal of dispute mediation and contract details on subcontract or reports on the contractee’s report for unfair trade.

Article 18 (Examination Procedure)

The management team must be informed in writing or electronic format for confirmation if a visit to the supplier is needed.

Article 19 (Interpretation)
  1. Violation of these guidelines by family members, relatives, and acquaintances by using the name of executives and employees is also regarded as an act of the executives and employees.
  2. Any question raised on the unspecified sections of the code of ethics and these guidelines shall follow the interpretation from the inquiry to the department in charge of business ethics.
Addendum

This regulation will be enacted from October 1, 2022.

Code of Ethics/Detailed Guideline

1. Scope of Application

Scope of Application

2. Purpose

The purpose of this standard is to allow employees to make rational and lawful decisions with stakeholders and legally and transparently perform given duties by taking the lead in creating an organizational culture of mutual trust, protecting the company’s assets, maintaining a reputation as a World Tube member, and practice code of ethics efficiently.

3. Code of Ethics and Standards of Conduct
  • ① Standards of conduct within the organization
    • ·Practice polite and kind speech.
    • Web browsing unrelated to work and playing games are prohibited on company computers.
    • Do not send subordinates to run errands or personal affairs.
    • Do not force behaviors that are uncomfortable for colleagues. (Drinking mixed liquor, sharing alcohol from the same cup, pressuring to go for further rounds of drinks, etc.)
    • Do not force behaviors that are uncomfortable for colleagues. (Drinking mixed liquor, sharing alcohol from the same cup, pressuring to go for further rounds of drinks, etc.)
    • Strive for self-development and leaders shall create an atmosphere encouraging self-development.
    • Compliment strengths of colleagues and do not slander weaknesses.
    • Actively endeavor to protect the company’s information.
  • ② Standards of conduct with stakeholders
    • Take phone calls in a friendly manner and do not give authoritative or unilateral instructions to stakeholders.
    • Make every effort possible to accommodate and improve on the stakeholder’s inconvenience and complaints.
    • Make an effort to solve problems or requests by understanding the stakeholder’s position.
    • Personally requesting company information from stakeholders under the guise of work or information acquired for work shall not be used for personal affairs.
      (Do not accept gifts or hospitality exceeding the level of common sense from stakeholders.)
    • Refrain from unnecessary relationships or meeting outside of work with stakeholder executives and employees.
    • Do not accept any gifts from stakeholders on holidays and end of the year and shall notify the practice of the code of ethics in advance.
    • Events such as track meet shall not be informed outside the company and if stakeholders indicate the intention to support events, explain the code of ethics and decline politely.
    • Decline meals provided at high-end bars and clubs from a client employee that go beyond common courtesy.
    • Those who later learn their action against the code of ethics must notify the supervisor.
4. Ethics Training

Those who have contributed to (fulfilled) the prevention of violating the code of ethics or displayed intent to practice the code of ethics shall be reflected in the performance review and executive's commendation.

Code of Conduct

We enact these principles as the standard for our judgment and conduct to comply with laws and ethics and fulfill our corporate role and social responsibilities and pledge to practice these principles.

  • 01 Business with Customers

    We shall comply with wholesome and fair trade order.

    • All businesses shall be fulfilled fairly from a position of mutual respect and impartiality.
    • Any form of reward or unreasonable demand shall not be requested by using superiority.
    • Contribute to achieving benefits for customers through fair competition in the market.
    • Businesses with companies that have committed an unlawful act such as tax evasion, accounting fraud, and environmental pollution is restricted.
  • 02 Conflict of Interest

    Unjustifiable acts with stakeholders not related to work shall not be conducted.

    • Cash loans and grafts that can affect the proper work performance with stakeholders shall not be conducted.
    • Do not provide or accept any money and/or valuables except for souvenirs and gifts of common courtesy.
    • Do not provide or accept hospitality or convenience that goes beyond common courtesy.
    • All forms of business must maintain the highest level of integrity and inappropriate acts such as bribery, coercion, blackmail, and embezzlement are strictly prohibited.
  • 03 Protection of Company Assets

    Personal profit shall not be obtained using company assets or information.

    • Do not use important internal information of the company to make unfair profits for yourself or others.
    • Budget support must be conducted efficiently from the position of a diligent manager.
    • Do not use company supplies and facilities for purposes unrelated to work.
  • 04 Information Protection and Disclosure

    Important corporate information shall be protected and helpful information shall be disclosed.

    • Confidential information or important information of the company must be strictly protected.
    • Various technical data, blueprints, and intellectual property acquired from the client shall not be leaked or disclosed to a third party without consent.
    • Upon recognition of important information, it must be provided immediately to those who need it for work.
    • Information shall not be distorted or spread false information.
  • 05 Attitude of Employees.

    Employees shall create an organizational culture with mutual trust and respect.

    • Do not conduct lingual, physical, or visual acts that are offensive to others including sexual harassment that infringe the individual’s human rights.
    • Respect an individual’s private life and do not slander or defame others.
    • Create an organizational atmosphere of collaboration and eliminate barriers between organizations.
  • 06 Healthy Social Life

    Respect social norms and be ethical.

    • Take the lead in volunteer activities as a model member of society.
    • Do not conduct acts that are demeaning to the dignity of the company and employees.
    • Do not use the position in the company to engage in activities that benefit a specific political party or social organization.
  • 07 Compliance with the Code of Ethics

    Establish a corporate culture that practices the code of ethics.

    • Everyone must diligently comply with the code of ethics as a standard for behavior and determining values.
    • The department head or department responsible for business ethics must be notified if acts by yourself or others in violation of the code of ethics are discovered.
    • The company must protect the individual who reported the above fact and must not disadvantage the individual.
    • A separate standard can be regulated if needed for the efficient practice of the code of ethics.