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RecruitFair trade
Concept and Effect
Concept
An internal system including education and supervision operated by businesses to comply with fair-trade laws and regulations
(C.P.: compliance + programs for fair trade)
Significance | Market | Social Infrastructure meant to build fair competition order in markets |
---|---|---|
Company | Functioning as part of the risk management strategy under the vision of ethical/law-abiding management (Presentation of clear-cut behavioral criteria for compliance and prevention of legal violations) |
Expected effects
Going in step with the reinforced regulations for protection of consumers’ rights and interests
Prevention of fines and lawsuit expenses associated with legal violations
Putting the idea of transparent/ethical management into practice
Enhancement of brand value, Enhancement of the level of recognition both domestically and abroad
Protection of employees through prevention of legal violations
Promotion of more stable company business