KORLOY Compliance (Code of Ethics) 2018.06.19 Code

Transcript:KORLOY Compliance (Code of Ethics) 2018.06.19 Code:
KORLOY Compliance (Code of Ethics) 2018.06.19 Code of Ethics Comprehensive Compliance Target Comprehensive and Detailed Regulations Practice SYSTEM(3T System) Ethical Culture Infrastructure Ombudsperson Act on the Prohibition of Illegal Solicitations and the Prevention of Conflicts of Interest 02 03 04 04 05 05 06 02 Code of Ethics - Compliance with the laws and regulations of the respective country - All Activities and relationships of KORLOY that are honest, fair, and trustworthy - Prevention of conflicts of interest between company duties and personal affairs - Creating an environment where fair employment practices apply to all KORLOY employees - Creating a safe working environment and making efforts for environmental protection - Exercising leadership to establish an advanced corporate culture that all employees recognize, value, and take as a model for ethical behavior 03 Comprehensive Compliance Target KORLOY Executive KORLOY Ethics Regulation KORLOY supplier - When selected, review local regulations, international trade regulations, and other KORLOY requirements. - Conduct a prior review of compliance with environmental, safety, and health regulations. KORLOY selling agent - When selecting a KORLOY sales agent, review local regulations, international trade regulations, and other relevant requirements. - Conduct a prior review of compliance with fair trade laws and other regulations. Subsidiary company - 100% owned subsidiary: A subsidiary in which the parent company owns 100% of its shares. - Majority-owned subsidiary: A subsidiary in which the parent company owns more than 50% of its shares and has control over its operations. Others - Agents - Consultants - Contractors 04 Comprehensive and Detailed Regulations KORLOY code of ethics Customer and supplier relationships - Improper payments - International trade regulations - Anti-money laundering - Privacy - Supplier relationships KORLOY asset safeguarding - Prevention of conflicts of interest - Financial management and record-keeping - Prohibition of insider trading - Protection of intellectual property Global competition - Compliance with Fair Trade Act Global competition - Compliance with Fair Trade Act Global competition - Compliance with Fair Trade Act Practice SYSTEM (3T System) Training Test Tracking 1st level education: Annual training for all existing and new employees 2nd level education: Special training for personnel responsible for risk management - Procedure for personal oath of honesty and reliability - to be conducted annually - Additional signature required for the conflict of interest policy - Here's the translation: Survey using compliance/policy compliance model - Evaluation survey (business, legal, financial) and self-evaluation survey - Corporate Audit