SAMSUNG TECHWIN

SAMSUNG TECHWIN, OUR COMPANY

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  • Compliance Program
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Compliance Program

Compliance Program(CP)

It is a comprehensive and systematic support system for ensuring voluntary corporate law observance.

It is to monitor the activities of the officers and employees of the company ensuring their compliance with the laws and regulations

To prevent or minimize a serious risk by encouraging the officers and employees to observe the law in the course of performing their duties, and to carry out the activities based on the proactive, integrated and all-time operating system

Concept

It is to monitor the activities of the officers and employees of the company ensuring their compliance with the laws and regulations

It is a comprehensive and systematic support system for ensuring voluntary corporate law observance.

To prevent or minimize a serious risk by encouraging the officers and employees to observe the law in the course of performing their duties, and to carry out the activities based on the proactive, integrated and all-time operating system. To establish a compliance system ensuring the law observance in the course of performing the duties, and to operate and check this system

Key Measures Implementing the Corporate Law Observance

A comprehensive internal control system that includes law observance and risk management systems

Factors Necessitating

Change in the external environment

The growing risk resulting from the legal requirements and prohibitions in respect of business administration. The growing need for social monitoring and corporate social roles

Improper decisions and the corporate behavior resulting from the negligence of the legal risk will lead to both internal and external resistance causing heavy loss.

Preparing for the compliance officer system stipulated in the revised commercial law (to be implemented in April, 2012).

The commercial law revised on March 11, 2011 requires that the listed companies, of which scale is prescribed in the law, appoint a compliance officer. * Compliance Officer: A corporation is obligated by law to appoint a compliance officer to prevent disputes arising from corporate management by establishing an internal control system under which corporate decisions and management are monitored at all times for evaluating and managing the legal risk

The corporate law observance is not optional but a must that will contribute to growing into a ultramodern company and sustainable business management.

Key Factor and Stages
  • Planning, Establishing the law observance policy and basic principles, Establishing the compliance standards and procedures
  • Implementation and Operation, Creating an organization(department) for compliance monitoring,Preparing the compliance monitoring manual, Establishing the code of conduct for employees
  • Monitoring and Improvement, Checking the compliance in progress and punishment, Conducting the training and education, and revising the program and regulations
objective
To prevent corporate loss and protect the employees by avoiding a violation of the law. To construct a sustainable business management environment trusted by the customer by ensuring the voluntary corporate law observance
Areas Requiring
  1. Preventive Approach
  2. Checking(Monitoring)
  3. Follow-Up.Service

Classification

The Risk Controlled by the Compliance Program(CP)

Fair Trade

Abuse of market dominant position, Unfair Trade, Unfair Subcontracting joint activities, Bribery etc

Product Liability

Product liability law · observance of the standards prescribed in the Framework Act On Consumer, observance of the in-house quality standards

Intellectual Property

Intellectual property right protection, use of the competitor's intellectual property right without permission, protection/nondisclosure of business secretes etc.

Financial Accounting

Transparent business management (public disclosure system, insider trading), Compliance with the procedures prescribed in the commercial law, cost appropriateness of the defense industry products etc.

Environment

Green management, Workplace environment, observance of safety regulations etc.

Labor · Organizational Culture

Jobs · discipline · dismissal · welfare, Equal employment opportunity, observance of labor standards, prohibition of sexual harassment, clean organizational culture etc.