Key Business Ethics Action Programs
We show various programs of ethical management practiced by HD Hyundai.
- 1. Commitment to Business Ethics Management
- HD Hyundai's employees and its partners are required to annually submit a pledge of commitment to business ethics, which is a commitment to understanding the relevant regulations and abiding by corporate policies and guidelines. The pledge requires compliance with ethics regulations and the anti-corruption law to avoid unfair trades, corruption, illegal solicitation and graft as prohibited by relevant regulations.
- 2. Conflicts of Interest Reporting
- When a possible conflict of interest is identified, the employee in question is obligated to report the issue in advance. This policy applies to executives and employees as well as employees of partners on an annual basis.
- 3. Clean Notice System
- When employees receive gifts unavoidably from stakeholders, this system helps them return the gift to its source or donate to the charities only with a simple notice process.
- 4. Clean National Holiday Campaign
- As a part of this campaign, we send off letters to our partners not to provide any gift to our employees prior to major national holidays such as the Lunar New Year and Korean Thanksgiving Day. We also advise our partners to report any bribery demands or such attempts to the Business Ethics Team.
- 5. Ethical Violation Reporting and Whistleblower Protection System
- HD Hyundai runs an ethical violation reporting and reward system to eradicate unethical behaviors and promote an ethical corporate culture. We keep the whistleblowers' identity strictly confidential and protect them from any disadvantages.
- 6. Business Ethics Self-Evaluation
- The self-monitoring and evaluation system helps HD Hyundai's employees enhance the understanding of business ethics and find points for improvements.
- 7. Business Ethics Field Sessions
- HD Hyundai conducts field sessions to hear opinions from employees and partner companies to diagnose and improve the level of ethics compliance. HD Hyundai also ensures those opinions are reflected to the work process.
- 8. Training and Promotion of Business Ethics
- HD Hyundai runs group training courses and online courses on business ethics. To enhance employees' understanding and motivate active compliance, the training and promotion materials are presented in viewer-friendly formats such as a newsletter, animated movies and cartoons.