Declaration of

Compliance

  • 1Wonik IPS hosted a ceremony for the Declaration of Compliance with all employees to establish a corporate culture that values laws, principles and reasonability and to lay the cornerstone for sustainable growth.
  • 2CEO read the Declaration of Compliance and an employee representative took an oath for practicing compliance.
  • 3Wonik IPS announced the Compliance Charter and Code of Compliance (employee handbook). We reaffirm our commitment as all employees submitted their signed compliance practice oath.
  • 4Compliance Team was created to serve as a control tower tasked with compliance.

  • Goals of Compliance

    - Firmly establish fair and transparent transaction culture
    - Deliver customer satisfaction with continued technological development
    - Achieve sustainable growth with a top priority on compliance-based business and become an exemplary company that contributes to society.

    Description of Compliance Charter

    1. Top priority in management decisions
    2. Organizational culture based on core values
    3. Deliver customer satisfaction
    4. Establish transparent transaction culture
    5. Respect among employees and nurture talented individuals
    6. Make the workplace safe
    7. Protect shareholders’ rights and fulfill corporate social responsibility

  • Code of Compliance

    - Code of conducts for employees in accordance with 7 objectives stated in Compliance Charter
    - Provide task principles and decision-making references to create compliance culture between employees

    원익 IPS 준법강령 | 구분, 주요 내용으로 구성되어 있습니다.
    Description
    Purpose Establish compliance culture by making compliance-based decisions and providing references for decision-making
    Employees’ responsibility Obligated to comply with laws and the Company’s rules in the conduct of business
    Perform tasks fairly by separating private and public matters (no corruption, misconduct)
    Obligated to respect and trust between employees and cooperate across departments
    Obligated to protect the Company’s assets (monetary and information)
    Ensure a safe workplace and prevent risk
    Responsibility for customers Deliver customer satisfaction with respect towards customers and technological development
    Obligated to protect customers’ information assets
    Responsibility for suppliers Comply with commercial laws and international practices including the Fair Transactions in Subcontracting Act and the Monopoly Regulation and Fair Trade Act
    Ban unfair trade or abuse of a dominant position, and commit to fair trade
    Responsibility for employees Obligated to provide fair opportunities and nurture talented individuals
    Devote to improving employees’ quality of life and create a safe workplace environment
    Responsibility for shareholders and society Maximize shareholders’ value through efficient business activities / obligated to disclose business information under applicable laws
    Contribute to the local community through responsible business

  • Business Guidelines

    Wonik IPS (the “Company”) puts a compliance program in place to establish a fair
    and transparent transaction culture in all of its transactions with suppliers. As part of such efforts, the Company sets forth Business Guidelines.
    We are hoping you can actively participate and cooperate so that we can keep our transactions fair and transparent.

    Wonik IPS shall comply with the Business Guidelines for suppliers under any circumstances.

  • Suppliers’ Code of Conduct

    Wonik IPS set forth Suppliers’ Code of Conduct to reinforce compliance,
    which serves as the basis of shared growth between the Company and suppliers, based on the Responsible Business Alliance (RBA).

    협력사 행동규범 | 인권 및 노동, 윤리경영, 안전보건, 환경보호, 경영시스템

    If you have any questions about Suppliers’ Code of Conduct, feel free to send an email to the following address.
    Point of contact: Compliance Team (compliance@ips.co.kr)

    Suppliers’ Code of Conduct

  • Compliance training

    Online compliance training (mandatory training)

    Wonik IPS conducts mandatory compliance training for all employees on a regular basis every year.

    • 1. Compliance of Wonik IPS

      Case-oriented training that employees can understand the compliance
      management system of Wonik IPS and code of compliance(employee handbook)

    • 2. Trade secret protection

      Training on the importance of protecting trade secrets and on regulations for all employees based on basic theory- and case-oriented training

    • 3. Fair Transactions in Subcontracting Act

      Principle- and case-oriented training on Fair Transactions in Subcontracting Act regarding transactions with suppliers and on internal regulations

    Conducting compliance training for new employees

    All employees should take compliance training upon joining the company.
    (Training content: compliance management system and requirements / trade secret protection / fair trade)

    Conducting regular training program

    Wonik IPS provides training regarding the corresponding contents through its own training system when relevant laws or company regulations is altered to comply with compliance. In accordance with the Wonik IPS regulations, we provide regular training frequently for major relevant departments and employees that need to get training on compliance.

    Implementation of compliance training on Appreciation Day for suppliers

    If training support on code of compliance of Wonik IPS for suppliers is required, we provide compliance training on the Appreciation Day for suppliers of Wonik IPS.

  • Mutual growth programs

    Evaluation of performance on mutual growth and efforts

    In accordance with the Act On the Promotion of Mutually Beneficial Cooperation between Large Enterprises and Small and Medium Enterprises, Wonik IPS is conducting
    ① comprehensive evaluation on mutual growth by the mutual growth committee.
    ② evaluation on implementation of fair trade agreement by the fair trade committee. In addition, we are dedicated to constructing a
    foundation for mutual growth with the suppliers by implementing improvements gradually based on the evaluation results.

    Efforts of Wonik IPS for mutual growth

    Wonik IPS is continuously dedicating to mutual growth with suppliers through support for mutual cooperation, technical support, and open communication.

    Support for mutual cooperation

    ① Reinforcement of cooperation

    Free equipment rental, joint development projects (national project)

    ② Fund execution

    Cash payment policy (twice a month), payment system for mutual growth

    Technical support

    ① Consulting services

    Consulting on a quality management system and environmental safety

    ② Providing education

    Providing quality education
    　

    Open communication

    Communication based on the event of appreciation for Suppliers,
    holding quality meetings, and maintaining VOC channels at all times.

  • Practices for compliance

    • Pledge of compliance

      All employees of Wonik IPS implement the pledge of compliance, and Wonik IPS stores the corresponding pledge.

    • Compliance clauses in standard contracts

      When making a contract with business partners including suppliers (business partners), clauses on compliance are stipulated in the standard contract in order to specify the obligations of business partners to comply with compliance.

    • Conducting examinations on the status of compliance

      Wonik IPS conducts examinations on the status of compliance(Laws, regulations, company rules, including prohibition of request to provide technical data under the Fair Transactions in Subcontracting Act) for all employees of Wonik IPS and major business partners once a year and reports it to the management, and continues to improve practices for compliance.

    • Conflict Minerals Management Policy

      As part of economic sanctions in order to eradicate human rights violations such as human rights violations and child labor in conflict zones in Africa in order to participate in international human rights protection, Wonik IPS has designated the four major minerals (tin, tungsten, tantalum, gold) mined in conflict zones as conflict minerals and prohibits the use of conflict minerals not only for Wonik IPS but also for partner companies.

      For all employees of Wonik IPS, Wonik IPS is dedicated to taking the responsibility for the management of conflict minerals in accordance with the Code of Compliance. And for business partners, Wonik IPS is dedicated to stipulating and taking the responsibility for the prohibition of the use of conflict minerals through the Supplier's Code of Conduct.