A legal compliance management system operated to ensure that a company complies with fair trade related laws.
Effects from the Introduction of CP
Foster a Transparent and Ethical Corporate Culture at Hyundai Motor Group
Prevention of Violations of Fair Trade Laws and Risk Management
Elevate Brand Reputation and Establish Trust
Enhancing competitiveness and achieving sustainable growth
Ensure fair trade compliance by leveraging internal governance systems to identify and address risks
Collaborating with the government to streamline regulations
Seven Key Factors of Compliance Program
Expression of Compliance Intention
Announcement of intention by CEO using homepage, etc.
Designation and Operation of Compliance Manager
Appointment of compliance manager through Board of Directors, etc.
Establishment of compliance regulations and company rules
Preparation and Distribution of Compliance Handbook
Create a manual suited to management environment of the company and its organizational characteristics as a detailed guideline
Operation of Training Program for Employees
Perform continuous and systematic training so that the compliance system can be established in the company
Setup of Supervision System within the Company
Prevent unfair practices within the company and set up a supervision system
Be sure to arrange and verify with compliance manager and compliance team in implementing fair trade related tasks
Setup of HR Sanction System and Compliance Encouragement Awards
Sanctions must be in proportion to the severity of the violation of laws and repetition of unfair activities must be blocked
Give out awards on outstanding compliance departments and individuals
Setup of Document Management System
Assign a systematic document manager for achieving sanction reduction from the competent authorities
Declaration of compliance intention and documents evidencing distribution, official notice document and compliance handbook, data related to internal supervision activities
Data related to sanctions on the violators of law, other data reported to FTC