07/26/2022 | Press release | Distributed by Public on 07/25/2022 18:01
1. Title | Chong Kun Dang Co., Ltd.'s operational performance in Fair Trade Compliance Program (CP) for 1H2022 and operational plan for 2H2022 |
2. Key Details |
■Main activities for CP operation for the first half of the year 1) Expansion of compliance culture - Fair Trade Compliance Declaration Ceremony (January) - Dissemination of compliance message of the CEO (January) - Full-time employees' pledge of ethical management and pledge of sales department's integrity sales activities (January) - CP menu was added in the English website (March) 2) Establishment of CP standards and procedures - Publication of the 6th revision of the Voluntary Compliance Manual (January) - Production and distribution of the CP guide pocketbook (January) - ISO37301 (Compliance Management System) policy and the appointment of supervisor (board of directors) (April) 3) Implementation of continuous and systematic compliance trainings - The 126th new employee compliance and ethics training (March) - CP and anti-corruption training for frequently hired employees (quarterly) - CP training and special training for each sales office (February-March) - Training for ISO37301 (Compliance Management System) internal reviewers (June) 4) Strengthening of monitoring and communication with affiliates - Frequent monitoring of expenditure report registration details - DD and audit response by affiliates - Operation of CKD CP Committee and affiliates' operation of Compliance Committee (frequently) 5) External certifications and activities - Application for CP rating evaluation by the Fair Trade Commission (April) - Attendance in KPBMA's first half ethical management workshop (May) - Participation in CP Symposium hosted by the Fair Trade Commission (June) 6) Effectiveness evaluation and continuous improvement - Issuance of a warning letter for CP violators and forwarding to the personnel committee depending on the case (frequently) - Improvement of exhibition and advertisement result reporting process (May) ■Major plans for CP operation for the second half of the year 1) Expansion of compliance culture - Electronic disclosure of fair trade compliance program operation results (July) - Report to the board of directors on CP's major activities (November) 2) Establishment of CP standards and procedures - ISO 37001 / ISO37301 manual/procedure integration (July) - Identification of compliance obligations by department and risk assessment (August) 3) Implementation of continuous and systematic compliance trainings - Partners' CP training (July) - Training for ISO37301 (compliance management system) supervisor and manager by department (July) - Online CP training for all officers and employees (July) - CP and anti-corruption training for frequently hired employees (quarterly) 4) Strengthening of monitoring and communication with affiliates - Intensive monitoring of expenditure report related details (November) - Operation of CKD CP Committee and affiliates' operation of Compliance Committee (frequently) - Affiliates' DD and Audit (September, December) 5) External certifications and activities - ISO 37001 & ISO 37301 integrated certification completed (November) - Completion of CP rating evaluation (December) 6) Effectiveness evaluation and continuous improvement - Violation related detection and sanctions via regular and ad hoc monitoring (frequently) - CP questions for promotion exams and compliance awareness evaluation for competency evaluation (October) - Selection of excellent CP department in 2022 (December) |
3. Decision Date | 2022-07-21 |
4. Other references useful for making investment decisions | - |
※ Title and date of other disclosure related to this one | - |