Management of Conflicts of Interest - JAPAN POST INSURANCE Co., Ltd.

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Management of Conflicts of Interest

Japan Post Group has released the Japan Post Group Conflicts of Interest Management Policy. This Policy governs the management of conflicts of interest transactions by our Group as a whole in order to prevent our customers' interests from being unduly harmed.

In line with this Policy, Japan Post Insurance has put in place a system for the proper management of conflicts of interest transactions, with the Compliance Control Department assuming responsibility for managing and controlling conflicts of interest. To prevent our customers' interests from being unduly harmed, we have committed to engage in appropriate business conduct that complies with laws and regulations, internal rules and ethical standards.

Japan Post Group Conflicts of Interest Management Policy

The Japan Post Group ("the Group") conducts business activities fairly based on laws, ordinances and internal regulations so that the interests of customers are not unduly impaired due to transactions that may give rise to a conflict of interest.

1. The following representative examples of companies in the Japan Post Group ("Group companies") fall within the scope of the Conflicts of Interest Management Policy

  • Japan Post Bank Co., Ltd.
  • Japan Post Insurance Co., Ltd.
  • Japan Post Co., Ltd.

2. The Group will manage conflicts of interest for the transactions stipulated below.

(1)
Transactions that may unduly impair the interests of customers among the following transactions:
  • Transaction with a customer that has an interest in one of the Group companies based on an agreement
  • Transaction with a party that has conflicting interests or is competing with a customer that has an interest in one of the Group companies based on an agreement
  • Transaction that makes wrongful use of information gained from a customer with an interest in one of the Group companies based on an agreement
(2)
Any transaction aside from the aforementioned that may unduly impair the interests of the customer due to a conflict of interest

3. The Group will select one or a combination of the following methods and other measures to manage transactions with a conflict of interest:

(1)
Separate the business unit conducting the target transaction and the business unit conducting the secondary transaction with the customer
(2)
Amend the terms and conditions or method of the target transaction or the secondary transaction with the customer
(3)
Discontinue the target transaction or the secondary transaction with the customer
(4)
Properly disclose to the customer that the target transaction may unduly impair his or her interests

4. The Group will establish a department that handles conflicts of interest independent from business departments that will specify target transactions and properly manage conflicts of interest. In addition, the Group will educate and train executives and employees so that they comply with laws, ordinances and internal regulations set down regarding the management of conflicts of interest.

5. The Group will continuously review its management stance regarding conflicts of interest and strive to make improvements.

 
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