The aim of Hankook Tire is to establish company-wide ethical awareness for a transparent and healthy corporate culture where all stakeholders and employees can come together as a single entity.
Background of This Issue
As businesses exert an increasingly greater impact on nations and local communities, so does the level of ethics that society requires of these businesses. Driven by the global interest in anti-corruption, the international standards ‘ISO37001’ were established in October 2016 to call for businesses to develop and implement an anti-corruption management system.
Risks & Opportunities
Ethics management constitutes one of the most critical values that determine a company’s reputation and evaluate its competitive edge. While ethics management was initially represented as compliance management, its requirements have been increased to include satisfying wide-ranging stakeholders and fulfilling social responsibility. We believe that advancing ethics management will be the key to building a good reputation.
Hankook Tire’s Policy
We clearly recognize that ethics management is a critical factor in securing our competitive edge as a company and in advancing sustainability management. This is why we have consistently endeavored to practice ethics management as a way to earn trust from a wide array of stakeholders. We develop ethics regulations and relevant policies, provide various training programs, and operate the whistle-blower protection system to build a transparent and sound organizational culture.
Management Responsibility & Governance
Ethics Management Committee
• Chaired by: Audit Department Director
• Supervised by: Audit Team
• Members: Global Marketing Planning Team, Corporate Management Team 1, Purchasing Planning team, R&D Planning Team, Global Quality Assurance Team
Future Plans & Outlook
In this era of global competition, ethics management will serve as the key value that forms the fundamentals of a competitive edge and guarantees the continuity of our existence as a business. In 2017, we plan to revise our ethics regulations by further segmenting their details on money laundering, related transactions and political sponsorships. We will also facilitate the operation of our ethics management Help Desk to reinforce internal communication and the executional capability of our ethics management.