Charter of Corporate Conduct

The Astellas Group seeks to enhance its enterprise value in a sustainable manner through its worldwide business activities and to gain the trust of all stakeholders, including its customers, shareholders, employees, and the global community. To achieve this, we must not only continuously provide stakeholders with value through our business activities, but we must also proactively take measures to ensure legal compliance and corporate accountability and to conserve the environment, based on our recognition of our corporate social responsibility.

This Charter states the Astellas Group’s business philosophy (raison d’être, mission, and beliefs) in concrete terms of specific business conduct, and clarifies to our business partners, customers, and society how we will conduct ourselves in our activities.

Senior management within the member companies of the Astellas Group fully recognize that they, first and foremost, must assume responsibility for implementing this Charter in the Group’s actual business activities. Executives shall not only lead by example, but shall also take necessary action to ensure that all employees are aware of the Charter and to develop and implement internal systems and training that will ensure ethical corporate conduct at all times. In the event of a violation of the principles of this Charter, the company executives shall investigate the cause of the violation and implement reforms designed to prevent its recurrence. In addition to the timely disclosure of appropriate information regarding the violation, responsibility for the violation shall be attributed and disciplinary action taken including senior management, where necessary.

The member companies of the Astellas Group shall observe both the spirit as well as the letter of all laws and regulations applying to their activities and conduct themselves in accordance with the following ten principles based on high ethical standards.

  1. Providing beneficial products
    To fulfill our raison d'être - "Contribute toward improving the health of people around the world through the provision of innovative and reliable pharmaceutical products" - we shall provide products and services which benefit customers and society.
  2. Maintaining high ethical standards
    We shall ensure that all our relationships with stakeholders are sound and proper based on high ethical standards.
  3. Fulfilling disclosure requirements and transparency
    We shall disclose relevant corporate information in a timely and appropriate manner not only to stakeholders, but also to all members of society at large, thereby fulfilling our obligations regarding corporate accountability.
  4. Fair and free competition
    We shall promote appropriate competitive behavior in our business activities.
  5. Ensuring sustainable benefits
    We shall actively pursue management efficiency to ensure sustainable benefits for stakeholders.
  6. Promoting employee welfare
    We shall respect the universally recognized human rights of our employees as well as their diversity, individuality, and differences, and provide a safe work environment and fair treatment for all.
  7. Respect for different cultures
    In the management of our international businesses, we shall not only observe all applicable laws and regulations, but also respect the culture and customs of other nations.
  8. Promoting environmental conservation
    Recognizing that harmony between the global environment and our business activities is a prerequisite to our corporate existence, we shall proactively take measures to conserve the global environment.
  9. Engaging in philanthropic activities
    As good corporate citizens, we shall actively engage in charitable and other activities to benefit society.
  10. Selecting ethical business partners
    We shall not do business with others who break the law or fail to accept standards of responsible social behavior.

[Scope of Applicability]
This Charter applies to Astellas Pharma Inc. and all member companies of the Astellas Group located in Japan or overseas.

Copyright © 2005 - 2009 Astellas Pharma US, Inc.