This Policy defines the prevention of corrupt practices in the business activities of KE Group that complements the KE Group’s corporate philosophy, “KOKUSAI ELECTRIC Way,” in order to promote honest ウィリアム ヒル 出 金 方法 fair business activities in accordance with laws ウィリアム ヒル 出 金 方法 corporate ethics. This Policy embodies the concept, “Accurately identify various risks ウィリアム ヒル 出 金 方法 take preventative measures to ensure business continuity," which is declared in “KOKUSAI ELECTRIC Way.” It plays an important role in fulfilling KE Group's social responsibility.

All directors, officers, ウィリアム ヒル 出 金 方法 employees of KE Group shall understウィリアム ヒル 出 金 方法 that compliance in KE Group means not only complying with the laws ウィリアム ヒル 出 金 方法 regulations of each country ウィリアム ヒル 出 金 方法 KE Group's company rules, but also conducting honest ウィリアム ヒル 出 金 方法 fair business activities in accordance with social norms ウィリアム ヒル 出 金 方法 corporate ethics.

KE Group shall recognize that any ウィリアム ヒル 出 金 方法 all compliance violations are detrimental to KE Group's corporate value ウィリアム ヒル 出 金 方法 shall take strict disciplinary action, including dismissal or termination of employment, against any person involved in such violations, regardless of his/her position.

In addition, when initiating new transactions, KE Group shall conduct due diligence on the counterparty with respect to various risks, including Corruption, ウィリアム ヒル 出 金 方法 shall take appropriate measures (including not conducting transactions) to reduce such risks with respect to the counterparty with whom such risks are identified.

Under no circumstances shall KE ウィリアム ヒル 出 金 方法 provide, offer, or promise to give bribes (including having a third party do so).

KE Group shall not make payments to public servants to speed up routine government actions (so-called facilitation payments), ウィリアム ヒル 出 金 方法 shall establish ウィリアム ヒル 出 金 方法 ensure compliance with appropriate procedures, including prior approval ウィリアム ヒル 出 金 方法 authorization, for acts that are deemed to have a high risk of being linked to bribery, such as payments to business partners, provision of entertainments ウィリアム ヒル 出 金 方法 gifts, provision of donations ウィリアム ヒル 出 金 方法 political funds.

KE Group shall not engage in anti-competitive acts that violates competition laws, including cartel ウィリアム ヒル 出 金 方法 bid rigging, or unfair acts, including insider trading, ウィリアム ヒル 出 金 方法 shall promote fair ウィリアム ヒル 出 金 方法 free competition.

KE Group shall not have any relationship with anti-social forces that disrupt international ウィリアム ヒル 出 金 方法 social order ウィリアム ヒル 出 金 方法 shall firmly reject any unreasonable demウィリアム ヒル 出 金 方法s from anti-social forces.

In all transactions, KE Group shall confirm that the counterparty is not such anti-social forces ウィリアム ヒル 出 金 方法 require the counterparty to declare that it is not such anti-social forces.

KE Group shall provide necessary company rules in accordance with ウィリアム ヒル 出 金 方法 Basic Policy set forth herein.

Company rules must be based on a risk-based approach ウィリアム ヒル 出 金 方法 must be capable of achieving KE Group's compliance by establishing procedures, including documentation, for those items that are deemed to have a typologically high risk of Corruption.

Based on ウィリアム ヒル 出 金 方法 Basic Policy set forth herein, KE Group shall develop ウィリアム ヒル 出 金 方法 organizational structure set forth in each of ウィリアム ヒル 出 金 方法 following items.

1. Establishment of Sustainability committee ウィリアム ヒル 出 金 方法 Compliance committee.

2. Designation of Corporate Vice President ウィリアム ヒル 出 金 方法 Executive Officer responsible of compliance as the highest representative of KE Group’s compliance.

3. Establishment of an external whistleblowing contact point where anonymous whistleblowing is possible, the content of the whistleblowing is kept confidential, ウィリアム ヒル 出 金 方法 disadvantageous treatment due to the whistleblowing is prohibited.

4. Establishment ウィリアム ヒル 出 金 方法 a crisis management system in case ウィリアム ヒル 出 金 方法 emergency.

5. Establishment of an appropriate management system for recorded documents related to KE ウィリアム ヒル 出 金 方法's business activities, finance, accounting, etc.

6. Implementation of continuous support to ウィリアム ヒル 出 金 方法 companies based on a risk-based approach.

7. Periodic reporting to the Board of Directors on KE Group's compliance system ウィリアム ヒル 出 金 方法 its continual review.

8. Establishment of all oウィリアム ヒル 出 金 方法r systems necessary to achieve KE Group’s compliance.

KE Group will continuously provide all directors, officers ウィリアム ヒル 出 金 方法 employees with effective education on the laws ウィリアム ヒル 出 金 方法 regulations of each country that regulate Corruption, ウィリアム ヒル 出 金 方法 will inform them of the purpose ウィリアム ヒル 出 金 方法 content of the company rules ウィリアム ヒル 出 金 方法 the organizational structure established in accordance with this Policy ウィリアム ヒル 出 金 方法 ensure the thorough compliance with them.

KE Group shall conduct regular or irregular audits to ensure that its business activities are in compliance with the provisions of this Policy ウィリアム ヒル 出 金 方法 shall evaluate the implementation status. The Board of Directors shall supervise the operational status of this Policy.

If KE Group, through audit or oウィリアム ヒル 出 金 方法r means, identifies areas that need improvement in ウィリアム ヒル 出 金 方法 effectiveness of ウィリアム ヒル 出 金 方法 company rules or organizational systems established in accordance with this Policy, KE Group shall promptly make improvements.

KOKUSAI ELECTRIC CORPORATION (“KE”) ウィリアム ヒル 出 金 方法 its group companies (“KE Group Companies”) (collectively referred to as "KE Group") are committed to “strengthening governance system (enhancement of corporate governance, thorough compliance, thorough management of critical business risks, ensuring transparency in management) toward realizing sustainability management” as one of the priority issues (materiality) to be addressed through the business activity, based on KOKUSAI ELECTRIC Way, KE Group's corporate philosophy. Compliance for KE Group shall be taking the correct action as a company or individual that is trusted by society in light of corporate ethics, considering observing laws, regulation ウィリアム ヒル 出 金 方法 the article of incorporation as a matter of course. With regard to taxation, KE Group shall strive to maintain ウィリアム ヒル 出 金 方法 improve compliance through development of guidelines ウィリアム ヒル 出 金 方法 internal group rules, ウィリアム ヒル 出 金 方法 training for employees.

This Tax Management Policy shall apply to all officers ウィリアム ヒル 出 金 方法 employees of KE Group.

KE Group shall comply with the laws ウィリアム ヒル 出 金 方法 regulations of all countries ウィリアム ヒル 出 金 方法 regions in which the business activities are conducted ウィリアム ヒル 出 金 方法 comply with the criteria published by international organizations such as the OECD*1 Transfer Pricing Guidelines ウィリアム ヒル 出 金 方法 the BEPS*2 Action Plan to ensure proper tax reporting ウィリアム ヒル 出 金 方法 payment. In addition, KE Group shall not engage in intentional acts for the purpose of tax avoidance that are not in line with the actual business objectives, nor shall KE Group develop tax strategies that deviate from normal business activity.

*1 OECD (Organization for Economic Co-operation ウィリアム ヒル 出 金 方法 Development)

*2 BEPS (Base Erosion ウィリアム ヒル 出 金 方法 Profit Shifting)

KE has established “Basic Policy on Governance System” to deal with various risks including taxation as well as supervision by Board of Directors. ウィリアム ヒル 出 金 方法 roles of each company in KE Group with respect to taxation are as follows:

1. KE (Parent Company): Establish tax-related guidelines ウィリアム ヒル 出 金 方法 internal group rules, ウィリアム ヒル 出 金 方法 properly perform the tax-related duties in cooperation with KE Group Companies. In particular, with respect to tax risks associated with international transactions between Group Companies, KE shall work with Group Companies ウィリアム ヒル 出 金 方法 outside international tax specialists to address the issues.

2. KE Group Companies: Properly perform the tax-related duties such as tax reporting ウィリアム ヒル 出 金 方法 payment in accordance with the guidelines ウィリアム ヒル 出 金 方法 internal group rules established by the Parent Company. In addition, provide reports ウィリアム ヒル 出 金 方法 submit tax-related documents to the Parent Company.

KE Group shall ensure tax transparency by strengthening tax governance ウィリアム ヒル 出 金 方法 implementing fair ウィリアム ヒル 出 金 方法 timely disclosure of financial status.

KE Group shall be committed to establishing, maintaining ウィリアム ヒル 出 金 方法 developing honest ウィリアム ヒル 出 金 方法 good cooperative relationships with tax authorities in all countries ウィリアム ヒル 出 金 方法 regions where KE Group conducts business activities through increased transparency. In addition, KE Group shall take appropriate corrective ウィリアム ヒル 出 金 方法 remedial measures for items that have been pointed out by the tax authorities in the past to prevent recurrence.

Amendment or repeal ウィリアム ヒル 出 金 方法 this policy shall be by resolution at Board ウィリアム ヒル 出 金 方法 Directors meeting.