Ethics and Compliance Management
Ethics and Compliance Management
Compliance
Activities
Hanwha Ocean requests our employees to sign a pledge of compliance, conducts ethics counseling, and provides ethics and compliance education. We work to respond to legal risks in advance and establish a culture of compliance through periodic inspections of legal risks.
Each year, Hanwha Ocean requests our employees to sign a pledge of compliance to check their compliance awareness.
As a member of Hanwha Ocean, I pledge to clearly recognize the core values and ethics and compliance policy of the company and comply with the following in performing my duties.
- 1.I will fully understand and comply with domestic and international laws and regulations such as the Improper Solicitation and Graft Act as well as company regulations in relation to my duties, and will not instruct, approve, aid, or condone any behavior that violate them.
- 2.I will faithfully perform my duties based on the principle of good faith, and will give priority to the legitimate interests of the company in the event of a conflict between the company’s and personal interests.
- 3.I will not provide unfair money or entertainment to stakeholders, including public officials and clients, both at home and abroad for the company’s business or interests.
- 4.I will not receive or request any profit in property, whether tangible or intangible, such as graft, gifts, favors, entertainment, and convenience, from suppliers or potential business partners, and will not be a direct or indirect party to any monetary transactions or solicitations.
- 5.I clearly understand the laws governing transactions with suppliers, vendors, partners, and the like, acknowledge them as equal parties to contracts, and will not take any actions against them.
- 6.I will not disclose the company’s critical information, trade secrets, management data, and personal data of employees and stakeholders without permission or use it for purposes other than business.
- 7.I will respect the personality and human rights of all employees, will not spread false rumors related to the company or individuals, and will not act or use words that may pose reputational damage to the company.
- 8.I will actively participate and cooperate with the company’s policies, guidelines, training, and practice programs so as toestablish an ethics and compliance order.
- 9.I will immediately notify the company (including business assessment organizations or relevant organizations) if I become aware of employee corruption or hear allegations of irregularities from employees or stakeholders.
- 10.I will do my best to cooperate, such as providing relevant materials and expressing my opinions, in the event of an investigation into an act that violates or is suspected of violating the Code of Ethics or the Code of Ethics Practice Guidelines.
- 11.Should I breach the provisions above, I will accept and not object to any reasonable actions taken under applicable laws or company rules.
Compliance
Training
Hanwha Ocean conducts ethics and compliance training and promotional activities to raise compliance awareness among all executives and employees, regardless of employment type, not just regular employees. The trainingin 2024 is as follows. The content covers topics related to the Dispatch Act, Subcontracting Act, Unfair Competition Prevention Act, Fair Trade Act, international sanctions and ethical management, anti-bribery, and compliance. These trainings are conducted according to the characteristics and needs of each organization to ensure our commitment to fair competition is upheld.
| Content | Target Audience and Organization | Implementation Details | ||
|---|---|---|---|---|
| Compliance Academy I | [Dispatch Act] |
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November 2024 |
| [Subcontracting Act] |
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November 2024 | |
| [International Sanctions] |
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November 2024 | |
| Compliance Academy II | [Unfair Competition Prevention Act] |
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December 2024 |
| [Fair Trade Act] |
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December 2024 | |
| [Ethics Training] |
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September–October 2024 | |
| [Anti-Bribery and Compliance] |
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February, April, October 2024 | |