Description and goal
The Compliance Program (CP) is a series of internally administered programs and systems, such as monitoring, training, and supervisory sanctions, for the company to voluntarily comply with fair trade laws and regulations. We aim to realize responsible management by preventing losses resulting from law violations in advance, fostering a desirable culture of competition and fair trade, and adhering to our responsibilities in the area of business ethics.
Hyosung launched the CP in September 2006 and annually revises the Compliance Program Handbook, allowing employees to review the program's operational guidelines. (Modified to read as follows for OC: Hyosung 000 inherited and implemented the CP introduced by Hyosung in September 2006 at the time of the spin-off in June 2018, and the Compliance Program Handbook, which enables employees to review the program's operation guidelines, is updated and distributed every year.
CP organization and CP manager
The Legal Compliance Team is responsible for the daily operation of the CP and strives to minimize related risks through activities such as familiarizing all employees with the program's operating guidelines, fair trade training, and monitoring. The compliance assistants appointed by the Board of Directors operates the CP, directly reports significant issues to the board and top management, and reports on a regular basis to the board and top management.
Compliance Program Handbook