Anti-Bribery Policy
Purpose
HOIST Corp. (hereinafter "HOIST") is committed to conducting its business with integrity and the highest ethical standards. To this end, HOIST strictly prohibits bribery and corruption in all its forms, complies with all applicable laws and regulations, both domestic and international, and acts with a high level of ethical awareness. By adhering to these principles, HOIST aims to earn the trust of society and enhance its corporate value.
Scope
This Policy applies to all HOIST officers and employees (including full-time employees, contract employees, part-time employees, temporary employees, and dispatched employees). HOIST also requires its business partners, consultants, agents, and other third parties involved in HOIST's business activities to understand and comply with the intent of this Policy.
Definition of bribery
For the purposes of this Policy, bribery refers to the following acts:
（1）Offering a bribe
Providing any benefit, including money, goods, services, or any other advantage (hereinafter referred to as “Benefits”) to public officials or employees of companies, etc., for the purpose of obtaining improper advantages.
（2）Receiving a bribe
Using one’s authority to receive Benefits for the purpose of obtaining improper advantages.
Prohibited Activities
All HOIST officers and employees are strictly prohibited from engaging in the following activities:
（1）Bribery of Public Officials
Providing Benefits to domestic or foreign public officials in relation or in connection with their duties.
（2）Bribery of Company Employees
Providing Benefits to employees of companies, such as business partners, with the aim of obtaining improper advantages.
（3）Solicitation or Acceptance of Bribes
Using one’s authority or in connection with one’s duties to solicit or to accept Benefits.
（4）Restrictions on Entertainment and Gifts
Entertainment and gifts provided to public officials or company employees must be limited to what is socially acceptable, and must not be excessive in a way that could influence the recipient’s business.
Risk Management System
HOIST has established the following system to appropriately manage bribery risks:
（1）Identification and Assessment of Risks
Identifying bribery risks in business activities and evaluating the likelihood and impact of their occurrence.
（2）Implementation of Preventive Measures
Taking preventive measures to reduce bribery risks, such as establishing internal regulations, providing training, and performing internal audits to reduce bribery risks.
（3）Detection and Response
Establishing a system to detect and respond appropriately to bribery and corruption incidents as early as possible.
Education and Training
HOIST provides regular education and training to officers and employees on anti-bribery laws, and regulations related to bribery and corruption, internal regulations, and ethical guidelines.
Whistleblower System
HOIST has established a system that allows for prompt internal reporting of any suspected violations related to bribery.
Response to Violations
HOIST will take strict action against any violations related to bribery. Disciplinary actions, claims for damages, and other measures will be taken based on the internal regulations, depending on the nature of the violation.
Continuous Improvement
HOIST continuously reviews and improves its system for preventing bribery.