The purpose of this regulation is to ensure that executives and employees comply with the Code of Ethics
and promote the company's ethical business practices by outlining the composition and operation of the Ethical Management
Committee (hereinafter referred to as the "Committee").
- The Committee is chaired by a co-CEO and under the current organization, each general executiveis composed of members.
- The Committee's affairs shall be managed by a single secretary, who shall also lead the Compliance Support Team.
The chairperson represents the Committee and supervises its activities.
4. Department in Charge
The Compliance Support Team is the department (team) responsible for ethical management, and its leader,
who is the Committee's secretary, is responsible for the following duties.
- 1) Hosting the Committee
- 2) Maintaining and improving the ethical management operating system
- 3) Supervising executive and employee implementation of the Code of Ethics and Practice Guidelines
- 4) Administering punishment through the Committee in the case of a violation
- 5) Evaluating and monitoring ethical management performance
- 6) Establishing and implementing plans for employee training on ethical management
The Committee deliberates and decides on the following.
- 1) General aspects of innovation in corporate culture and the direction of corporate ethics
- 2) Important policies pertaining to the implementation of the Employee Code of Ethics
- 3) Official interpretations and revisions of the Employee Code of Ethics
- 4) Explanations and responses to questions regarding the implementation of the Employee Code of Ethics
- 5) Employee reporting and handling of violations of the Code of Ethics
- 6) Other issues deemed essential for establishing a proper corporate culture and code of business conduct
- The Committee meets every three months. However, the chairperson may call an extraordinary meeting in the event of a significant issue pertaining to the Committee's duties.
- The Committee may make resolutions only with the presence of at least two-thirds of its members and with the approval of at least two-thirds of attendees.
- If necessary, the chairperson may invite a party or third party to the agenda for deliberation to the meeting so that they may present their opinions.
- Members who have a vested interest in a particular agenda are not permitted to attend the meeting regarding that agenda.
7. Effectiveness of Resolutions
The Committee's resolutions become effective upon approval by the co-CEO.
In the case of disciplinary action against or the commendation of an employee,
the matter is referred to the Personnel Committee and handled in accordance with its regulations.