Compliance and Ethics
Anti-bribery Management System
It is a system of management that prevents the giving and the taking of bribes.
Ethical and transparent management that adheres to an international standard of bribery prevention.
Bribery and corruption prevention policy for the implementation of the Anti-bribery Management System and for compliance and ethics in management.
- LOTTE HIMART's policy on compliance and ethical management is as follows.
- LOTTE HIMART does not engage in corrupt management or accept bribes.
- LOTTE HIMART adheres to domestic and international anti-corruption laws.
- LOTTE HIMART's anti-bribery management system is strictly observed and regularly updated to prevent the risk of corruption.
- LOTTE HIMART keeps the personal information of anyone reporting corruption confidential; such persons shall not experience any disadvantages whatsoever.
- LOTTE HIMART employees who violate the anti-bribery policy are subject to the due penalty.
LOTTE HIMART Co., Ltd. (hereinafter referred to as the "Company"), hereby publicizes the following anti-bribery, compliance, and ethics policy, to which it adheres for the implementation of the Anti-bribery Management System and in conducting compliance and ethics management. The following anti-bribery, compliance, and ethics policy sets the code of conduct for the Company's employees in preventing corruption and bribery.
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Article 1. (Purpose)
The purpose of this policy is to achieve compliance and ethics management through setting a code of conduct for the prevention of corruption and bribery to be followed by all of the Company's employees, including the chief executive officer and directors.
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Article 2. (Prohibition of corruption and bribery)
The Company prohibits any and all forms of corruption, including the acceptance of bribes in the form of valuables, favors, or services by the Company's chief executive officer, directors, and employees, under any circumstances.
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Article 3. (Adherence to the corruption and bribery prohibition policy)
In the execution of the Company's business, all employees shall adhere to both domestic and international anti-bribery legislation and the Company's internal anti-bribery policy, including the Criminal Act, the Act on the Aggravated Punishment, Etc. of Specific Crimes, the Act on Preventing Bribery of Foreign Public Officials in International Business Transactions, and the Improper Solicitation and Graft Act of Korea; the Foreign Corrupt Practices Act of the US; and the Bribery Act of the UK. All of the Company's employees shall refrain from acts that violate these legislations as well as acts that can be suspected of being in violation of these legislations.
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Article 4. (Adherence to organizational purpose)
All of the Company's employees shall pledge to adhere to this policy and the Anti-bribery Management System (ISO37001), and shall contribute to achieving the Company's objectives by reducing risks of corruption and bribery.
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Article 5. (Will for execution and improvement of corruption and bribery prevention)
The Company shall, to minimize risks of corruption and bribery, operate an effective management system and continuously improve said system. All employees shall periodically be required to sign an anti-bribery, compliance, and ethics agreement, and fulfill its obligations.
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Article 6. (Rights and duties of an anti-bribery manager)
An assigned anti-bribery manager takes on duties and rights specific to the prevention of corruption and bribery. It is the assigned anti-bribery manager's duty to provide advice and guidelines for resolving issues related to the Company's anti-bribery management system.
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Article 7. (Protection of the identity of persons reporting corruption and bribery)
The Company shall handle the identity of persons reporting instances of corruption and bribery in full confidentiality. If such reporter is an employee of the Company, protective measures shall be taken to ensure that no disadvantage, including any negative employee review, any negative change to their position within the Company, and any negative change to their remuneration, is experienced by said employee as a result of a report made. The contribution made to the Company through such report shall be reflected in said employee's performance review.
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Article 8. (Penalty for non-adherence to the corruption and bribery prevention policy)
If an employee violates this policy and/or the related legislations or fails to take the required action to prevent an identified instance of violation of this policy and/or the related legislations, the Company can take a punitive measure against said employee according to Company policy.
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Article 9. (Application and modification of policy)
This policy is effective from the day of its enforcement. Any changes to this policy, including additions, deletions, and corrections, shall be announced at least seven days in advance.
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<Supplementary Clause>
- 1. This policy shall take effect as of