Corporate Governance

Compliance: J-Sox

J-Sox is the Japanese version of Sox, which stands for the Sarbanes-Oxley Act of 2002. Like the US government, the Japanese government decided to bring more transparency into the financial reporting of companies through an adapted legislation. The J-Sox legislation is developed in Japan to ensure proper corporate governance and to prevent fraudulent financial reporting. All companies listed on the Tokyo Stock Exchange, such as Nitto Denko Corporation, as well as their foreign subsidiaries, have to comply. The J-Sox legislation has become effective on the 1st of April 2008.

The J-Sox implementation at Nitto Europe has been carried out in three phases; documentation phase, testing phase, and the annual assessment of internal control. J-Sox has, after the implementation, turned into a daily way of working. Business is evolving constantly and we are working to adapt our processes and prove that they are still running in a correct way. Processes and internal controls are monitored by our external auditor KPMG as well as the Corporate Governance Department at Nitto Denko Corporation in Japan to ensure we are compliant to the J-Sox legislation.

Auditor
'KPMG Bedrijfsrevisoren' represented by Mr. Raf Cox.

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