Updated on August 23,2017
As a part of the Sony Group Code of Conduct established by the Board, Sony's personnel are required to avoid any action that may involve, or appear to involve, a conflict of interest with the Sony Group. To help ensure compliance with these requirements, Sony regularly reviews the status of related-party transactions, whether financial or otherwise, between Sony Group companies and officers in the Sony Group or their close relatives. Furthermore, Sony requires Directors and officers of Sony Corporation to obtain approval of the Board in connection with transactions between Sony Corporation and the Director or officer in accordance with applicable laws and regulations, the Board Charter and any other applicable internal rules. The Board is expected to approve any such related-party transactions only after appropriate examination of the size and nature of the transaction, and the requirements of applicable laws and regulations, the Board Charter and any other applicable internal rules, and concluding that the interests of Sony and its shareholders are not adversely affected.