The Purpose of the Code of Ethics is to set forth terms and conditions of sharing the corporate ethical value chain, respecting market theory in competing with transparency and fairness and complying with governing laws and regulations in realizing the value chain vision. Another purpose of the Code of Ethics is to ensure the corporate activities are as professional and effective as possible, creating shared values with all interested parties in partner with the Company. It is to note that Dongwha Group respects the ethical value chain the most becoming the class-leading company in the respective domains of industry.
Each and every employee and officer of Dongwha Group companies and its partner vendors is responsible for staying in compliance with the Code of Ethics. For the purpose of this Article II, ‘partner vendors’ mean all persons or entities - corporate or natural - establishing any business relationship with the Company.
① The Company may only amend the terms and conditions of transaction if previously agreed (in the form of change agreement) and signed by the concerned partner vendor.
② The Company shall establish itself the evaluation criteria for regular-basis vendor evaluation processes and ensure all such criteria apply to such evaluation for fairness.
① If relevant, the Company shall ensure the partner vendor is notified of suspension of transaction with legitimate cause.
② In no case may the Company unfairly and unilaterally suspend transaction with any partner vendor for the fairness’ sake.
③ In no case may the Company capitalize on its superior status in consulting with any partner vendor for the fairness’ sake.
④ In no case may the Company unfairly force any partner vendor assuming cost of transaction without prior consent, for the credibility’s sake.
For self-development, employees and officers of the Company shall establish its own objectives to become talented parsons capable of competing in the global market.
In no case may:
① A higher post employee may offer gift to his/her junior employee and
② exchange of gifts in celebration of, without limitation, birthday or employment for entertainment is accepted.
In no case may officers and employees of the Company engage in monetary transaction among each other to protect both organization and individuals. Specifically an officer or employee shall not:
The most stringent harassment and sexual abuse prevention policy applies to officers and employees of the Company to prevent loss of desire and decrease in productivity, and eventual loss of corporate reputations and legal risks.
Officers and employees of the Company are responsible for controlling safety and preventing risks, paying particular attention to:
① Linguistic harassment such as offensive language, slander, stereotype verbal threat and hostility;
② Non-linguistic harassment such as unkindly side-eyeing and offering gifts for special consideration; and
③ Visual harassment such as posting offensive and slandering pictures, photographs, gestures, etc.
In no case shall any constructive criticism, supervision or advice in relation to business be considered as harassment.
① Customer information shall strictly be protected and not be open to any third person or entity unless otherwise agreed by the concerned customer(s).
② All the customer information that is categorized under confidential information shall not be open to unauthorized employees or/and officers of the Company or/and any other unauthorized persons.
① Corporate information such as confidential information, trade secretes shall strictly be protected and not be open to any third person unless otherwise approved by the concerned officer(s).
② Important documents must be handled by the designated managers who are in charge of controlling such documents to be strictly confidential against outside persons.
· Managerial information including the Company’s important policies, decisions made, management plans, financial / administrative accounting, etc.
· Sales information including annual revenue, profit ration, sales track records, etc.