To ensure that our management complies with the law and common sense, Hanwha NxMD uses 'ethical management' as the basis for evaluating executives and staff members’ conduct and value judgments across all management activities, thereby ensuring a transparent and fair management. Through the ethical management guideline, we are able to minimize the risk of misconduct by members and partner companies due to moral lapses, and aim to continue making proposals for a more ethical and responsible management.
|Type||Criteria for reporting||Remarks|
|Receipt of money and other valuables||Cash / check|
|Securities / goods, etc|
|Receipt or co-investment in movable assets and immovable assets||Movable assets/immovable assets/ membership / stakes in assets, etc||Introduces possibility of unfair business acts due to monetary transactions or transactions related to other types of profits|
|Reimbursement of debts||Credit card bills/credit purchase bills / loans, etc|
|Money borrowing||Transactions such as cash borrowing|
|Bargain purchase||Gaining profit by purchasing movable assets, immovable assets, etc. at a bargain price considerably below their normal price level|
|Indiscriminate notification of congratulatory / condolatory occasions||Indiscriminately sending or notifying via phone, fax, etc., congratulatory or condolatory notices by oneself or one’s subordinates to partners or interested parties|
If you have received valuables unknowingly or were obliged to receive it against your will, follow the process below.
If the received valuable meets the criteria for reporting, the employee who has received the valuable must fill out the “Receipt of Valuables or Entertainment Report" and report to the team leader. The team leader and the ethical management chair (Head of Business Support Division) shall send an official request for cooperation to the provider or the provider’s organization explaining our company’s intention behind ethical management along with the valuable received. The form should be kept and managed by the Committee for Ethical Management and in cases where the received valuable cannot be returned, it should be donated to various social organizations in accordance with the Committee’s decision.
The following measures shall be taken in cases where one judges that it is impossible to refuse entertainment.
The individual to whom entertainment is proposed must report the incident beforehand to the team leader in charge, and the team leader should judge whether receipt of the entertainment proposed is unavoidable and instruct the individual about its attendance. The attendant should avoid or restrict the receipt of entertainment in cases where the provided entertainment is judged to exceed the limits specified for pecuniary transactions or standards of permissible entertainment for partners, or is judged to become altered in a way that falls under the prohibitions. After receipt of entertainment, the recipient should fill out the “Receipt of Valuables or Entertainment Report” and submit the completed form to the team leader in charge. The team leader should send an official request for cooperation to the provider or the provider’s organization explaining our company’s intention behind ethical management. The form should be submitted to and kept by the Committee for Ethical Management.
|Type||Criteria for reporting||Remarks|
|Support for business trips||Provision of convenience such as transportation and lodging by business-related stakeholders in the context of business trips, visit to the stakeholder’s business sites and joint business trips||Excludes the usage of the other company's vehicles or company lodgings and the usage of transportation and lodgings provided to all participants for an official event|
|Support for vacation||Provision of convenience such as transportation and lodging during personal vacation.|
|Guarantees for future||Receiving guarantees for hiring, job placement and contract conclusion|
|Loans of movable or immovable assets||Leasing assets or receiving collateral|
If an employee has received conveniences such as transportation and accommodation from an interested party but was not able to return fair remuneration, the employee must fill out the “Receipt of Valuables or Entertainment Report" and report to the team leader. The team leader shall send an official request for cooperation to the provider and the provider’s organization explaining our intention behind ethical management.