- PRACTICE GUIDELINE FOR CODE OF ETHICS
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WOOSU AMS presents standards by which all executives and employees make ethical decisions through the establishment of Code of Ethics for transparent and right management activities. WOOSU AMS will make a fair and transparent corporate culture take roots through continuous efforts and become a company that fulfills its social role and responsibility as a member of the community and the country.
- Compliance with national policies and regulations
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A. Respect national policy and do not commit illegal or illegal acts.
B. It does not violate related laws or acquire information in an unethical way.
C. As a member of the state and community, he/she shall comply with various laws and regulations related to the prevention of corruption, bribery, and money laundering, and shall report suspicious transactions in due course and method.
D. Executives and employees working abroad shall respect and comply with the laws and social order of the host country so as not to interfere with the company's performance of business.
- Company compliance and basic ethics for the company
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A. It shares the company's management ideology and management goals, and fulfills its responsibilities and obligations in compliance with the company's management policies and all corporate regulations.
B. It thoroughly protects the company's private or important information, and prohibits arbitrary distortion of information, dissemination of false information, and unauthorized data damage.
C. It does not work for others and other companies that have interests in the company and does not form any special relationship.
- Executive compliance management
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A. Executives and employees shall endeavor not to issue conflicts of interest between the company, customers, and customers, and shall prioritize the legitimate interests of the company and the interests of the customers if they occur.
B. Executives and employees strictly manage and protect the information of the company and customers acquired through the company's business and do not use it for personal purposes.
C. The supervisor shall not give unfair business instructions to subordinate employees that do not comply with laws and company regulations, and the subordinate may refuse to perform his/her duties by clarifying justifiable grounds.
D. Executives and employees do not force or instruct or respond to unfair or unethical work in the organization.
- 1) Do not engage in unfair practices such as securities transactions for the benefit of oneself and others by using the company's internal information.
- 2) Using superior status, do not make any form of consideration or unreasonable demands from customers and stakeholders.
- 3) All information of the company is accurately recorded so that other companies, partners, and executives and employees who have interests in the company can objectively understand business activities.
- 4) It does not advertise and display false or exaggerated information, hide information, etc., and honestly discloses information that customers need to know.
- 5) Accounting records and other financial management comply with relevant laws and regulations, generally accepted accounting principles, and internationally accepted accounting standards.
- 6) Major management matters, such as financial fluctuations of the company, and corporate information shall be faithfully disclosed as prescribed by the Act.
- 7) Do not engage in illegal insider trading and money laundering.
- 8) In no event shall receive or demand entertainment or money.
- 9) Do not make any kind of solicitation, pressure exercise, or personal request or request to stakeholders and partners.
- Customer Respect Management
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A. With trust from customers as a top priority, we strive to provide products and services with the highest quality, and strictly abide by the promises made with customers.
B. From procurement of raw materials, parts, and packaging materials that do not contain harmful substances to production, manufacturing, packaging, logistics, use and disposal, the principle of responsibility for all processes considering customer safety is practiced.
- respectful management of shareholders
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A. Increase the profits of shareholders and investors by increasing management performance through value creation.
B. It is managed reasonably and transparently so that shareholders and investors can trust it..
C. Reliable and useful information on overall management required by shareholders and investors is provided in a timely and sincere manner.
D. Efforts are made to ensure that corporate value is reasonably evaluated through active promotion and IR.
- Management with respect to employees
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A. Respect the personalities of executives and employees, and establish a reasonable and sound corporate culture based on mutual trust and understanding.
B. It respects the individuality of each employee, encourages creative thinking and autonomous behavior, and provides active support and educational opportunities for competency development.
C. Equal opportunities shall be provided to executives and employees and treated fairly according to capabilities and performance.
D. Do not engage in verbal, physical, sexual, visual, slander, or slander that offend other executives and employees, and respect individual privacy.
E. In terms of employment, work, promotion, etc., it does not preferentially or discriminate against a specific individual or organization on the grounds of state, blood ties, school ties, religion, gender, political orientation, marriage, etc., and does not solicit to have an unfair influence on other employees.
- Win-win management of partner companies
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A. Consider whether human rights, environment, and social values are consistent in selecting and trading partners.
B. Form a reciprocal relationship on the basis of mutual trust and recognize it as a strategic partner.
C. Create a foundation for win-win development with each other through various support activities for the sustainability of partner companies.
- 1) It respects the values of domestic and foreign communities engaged in business and business activities, and continuously creates employment.
- 2) Efforts are made to increase trust in the company by fulfilling its basic responsibilities and obligations as a co-member of society.
- 3) It aims for environmentally friendly companies and actively supports environmental protection activities in local communities.
- 4) Do not use the company's position to engage in political activities that benefit a particular political party or social organization.