Ethical Management Practice Guidelines

Ethical Management Practice Guidelines

1. Scope of application

  • These guidelines apply to the practice of the code of ethics.
Ethical Management Practice Guidelines

2. Purpose

  • This directive sets the scope and standards of conduct for all benefits, such as money, hospitality, and convenience, from stakeholders, for the efficient operation of the code of ethics.
Ethical Management Practice Guidelines

3.Glossary of terms

  • 3.1 Money
    • Money (cash, gift certificates, vouchers, etc.) and goods.
  • 3.2 Entertainment
    • Meals, spirits, golf, performances, and entertainment.
  • 3.3 Features
    • Meals, spirits, golf, performances, and entertainment.
  • 3.4 Stakeholders
    • refers to individuals, clients, customers, suppliers, and suppliers who can be directly affected by their rights or interests due to their work
  • 3.5 Normal levels
    • The universally reasonable level of understanding that other employees, employees or the general public can understand when deemed sound common sense. The degree to which the beneficiary can handle the work fairly without burden.
  • 3.6 Gift items
    • By using the name of the employee, the family, relatives, acquaintances, etc. violate these guidelines.
Ethical Management Practice Guidelines

4. General

  • 4.1 Money
    • (1) No claim or receipt of money from stakeholders in any other name. However, souvenirs bearing the company logo of stakeholders and souvenirs normally provided to attendees at events held by stakeholders are excluded.
    • (2) If you receive money inevitably in the unrecognized state, you must return it immediately.
  • 4.2 Entertainment
    • (1) Entertainments within a normal level with stakeholders can be exchanged.
    • (2) You must not receive entertainment that exceeds normal levels.
    • (3) In case of providing hospitality to the stakeholders in excess of the normal level at the expense of the company and participating in events that involve hospitality beyond the normal level, they must obtain approval from the executive officer in advance.
  • 4.3 Features
    • Stakeholders should not be provided with the convenience of transportation facilities, accommodation facilities, etc., which are financially burdened. However, the convenience provided to all attendees at events held by stakeholders is excluded.
  • 4.4 Congratulations
    • (1) Do not inform the stakeholder about the congratulatory or condolatory conversation that occurred to you or your co-worker.
    • (2) In case of inevitably receiving a congratulatory gift from a stakeholder, the congratulation card must be processed within 50,000 won according to the congratulation fee.
    • (3) In case of receipt of goods such as promotion, advance, entrance, etc., which are provided in relation to the issuance of personnel, the goods shall be processed in accordance with the congratulations and the quantity thereof should be rejected or returned if it exceeds the normal level.
  • 4.5 Money Transactions
    • Do not engage in monetary transactions with stakeholders, such as money lending, loan guarantees, or real estate leases.
  • 4.6 Supporting Events
    • (1) Do not accept donated goods from stakeholders at events sponsored by the company, such as departmental events or club activities.
    • (2) Those who are provided with convenience facilities such as vehicles, places, and services necessary for the event shall be deemed to have been provided with donations.
Ethical Management Practice Guidelines

5. Unfair use of budget support

  • (1) Do not use the company's budget resources for private purposes, such as meeting expenses, department business promotion expenses.
  • (2) In principle, the corporation card shall be used for the execution of expenses, and shall be used in accordance with the purpose of the budget and the standards set by the law.
Ethical Management Practice Guidelines

6. Responsibility of department head

  • (1) The head of the department should conduct training and counseling from time to time to ensure that his staff fully understands these guidelines.
  • (2) The department manager should take appropriate precautions to ensure that his / her staff does not violate these guidelines.
Ethical Management Practice Guidelines

7. Reporting obligations and confidentiality

  • (1) The employee shall be informed of the violation of this guideline, or reported to the officer in charge if he / she is in violation of the report or the inspection office.
  • (2) The notification should be made in the fastest and most convenient way, with details of the personal details and the violation.
  • (3) The employee shall not impose disadvantages on the reporter or the notifier or disclose his / her identity.
Ethical Management Practice Guidelines

8. Awards and Discipline

  • (1) The Company may award rewards or appropriate remuneration to employees who have an interest in achieving the objectives of this Directive in accordance with the relevant regulations.
  • (2) The Company may take measures in accordance with the relevant regulations for the employees who have violated these directives.
Ethical Management Practice Guidelines

9. Additional Provisions

  • This guideline will be enacted and implemented on August 15, 2009. End.