Emphasizing the Importance of Thorough Compliance
The word “compliance” hadn’t really been widely used until the late 1990’s when company after company kept breaking laws. I think since then, over the last 10, 15, 20 years, society’s view towards compliance has become more and more unsparing.
NTK International has never been influenced by the times. For over 25 years we have always held the same views towards compliance. Meeting even the strict standards of ITAR (International Traffic in Arms Regulation) and EAR (Export Administration Regulations) when it comes to licensing management and restrictions is a fundamental activity that shows just how focused our company is on compliance.
Placing Importance on Compliance Education
What is compliance? - What it really comes down to is; it’s not just a case of ‘doing whatever we want as long as it’s not breaking the law’. I think compliance is often translated as ‘law abidance’, but the law isn’t the only thing we have to abide by; compliance also means the abidance of social scale, ethics (and morals) and social trust. We instruct our staff in our regular compliance training (corporate education) on ‘behavior that won’t embarrass’ and the ‘importance of asking you own conscience whether something is right or wrong’.
We provide thorough compliance education established by original policies that are based on past examples at our company. Trading companies are the bridge connecting suppliers (distributers) and customers, but you could say they play a highly-specialized role in terms of importing.
Business Development for the Future
In a small-medium scale business such as ours, a violation of compliance might mean ‘the end’. Compliance is a vital requirement especially when dealing with the confidential information in the aerospace and defense industries. One company goal is to ‘continue business for a long period’, and compliance is the key to providing long-term support to our clients.
It is said that every thirty years, companies experience a ‘slump’. Every company experiences a threat to their business or a large turning point. What is important in overcoming this slump is ‘a stable position’. By concentrating on staff education and the reinforcement of corporate structure for future business developments, I would like to turn the issue of customer ‘Reliability’ to the whole company.