Transparency and Business Ethics
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.
Key Achievements
Background
As businesses exert an increasingly greater influence over nations and society at large, this further raises the awareness on business ethics. Internally, the focus of business policy is shifting to expand employees’ autonomy in decision making as well as delegation, which underlines the importance of ethics awareness among employees. Amid such changing business landscape at home and abroad, Hankook Tire & Technology is clearly aware that business ethics serves as a fundamental factor in building competitiveness and promoting sustainability management, and is practicing ethics management at the company-wide level to earn trust from wide-ranging stakeholders. We are establishing the ethics management system as the basis for business ethics operations, and endeavor to build consensus among employees to weave ethics awareness into our corporate culture and to disseminate business ethics to external stakeholders.
Future Plan
Our mid/long-term plan is to embed Management by Principle and ethics management into our corporate culture. The Management by Principle philosophy will form the core of our behavioral guidelines to so that business is conducted in an ethical and transparent manner that complies with basics and principles, and ethics management will constitute our key management principle under the overarching framework of Management by Principle. To this end, we will create the Jeongdo Management Committee, develop a self-assessment system through the broader use of self-directed risk assessment tools, and make a Management by Principle declaration to publicly demonstrate our commitment to this philosophy in order to firmly establish an ethics management system. We will also improve employees’ ethics awareness, expand ethics management to our suppliers and achieve the ISO 37001 anti-bribery management system certification.
Management Organization
Ethics Management Committee
• Chaired by: Head of the Audit Department
• Supervised by: Audit Team 2
• Cooperation Team: HR Team 1, HR Team 2, Purchasing Planning Team, Legal Team, Production HR Team, R&D Human Resource Team, Car Life) Marketing Strategy Team
