Sustainability
Fair Trade Compliance System of HYUNDAI STEEL
HYUNDAI STEEL leads legal compliance through implementing the seven key factors of the fair trade compliance program.
-
- Expression of fair trade compliance intention by CEO
-
- Appointment of a compliance manager, Operation of a compliance team, Periodic reports to the CEO and the Board of Directors, Operation of a consultative body on CP
-
- Introductory training for new employees, Training with invited specialists & cyber training, Compliance handbook distribution & document management, Sanctions on employees violating fair trade laws, Compliance encouragement awards
-
- Internal inspection by the employee in charge of fair trade, independent inspection by each department, self-diagnosis checklist, counseling and hotline
Fair Trade Compliance Intention
Operation is based on the introduction of fair trade compliance program and an actual system with a view to transparency and fairness.
Compliance Program Declaration
Fair Trade Compliance Promotion Organization
Compliance Promotion Organization : A compliance manager inspects the fulfillment of fair trade compliance by employees and reports its details to the Board of Directors periodically.
Fair Trade Performance
Hyundai Steel supports employees' voluntary compliance with fair trade through training, internal inspections, and the publication and revision of a voluntary compliance manual every year.
(1) Training
| Category | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Number of training sessions (times) | 6 | 8 | 5 | 5 | 5 |
| Trainees who have completed training courses (persons) | 575 | 707 | 679 | 422 | 632 |
(2) Internal inspection
| Category | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Departments that have completed inspections | 61 | 52 | 41 | 12 | 6 |
(3) Prior consultation system before internal transactions
| Category | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Departments that have completed inspections | 37 | 46 | 159 | 109 | 114 |
Published and revised voluntary compliance manuals for departments that have been inspected
Hyundai Steel supports employees' decision making concerning fair trade through continuous revisions of the voluntary compliance manual, reflecting changes in fair trade laws and regulations and the business environment.
- - 2002 : Appointed a compliance manager(Head of Financial Management Division)
- - 2003 : Published the voluntary compliance manual for fair trade
- - 2004 : Changed the compliance manager(Head of Strategic Planning Division)
- - 2005 : Revised the voluntary compliance manual for fair trade
- - 2005 : Changed the compliance manager(successor to the position)
- - 2006 : Changed the compliance manager(successor to the position)
- - 2008 : Revised the voluntary compliance manual for fair trade
- - 2010 : Published the voluntary compliance guidebook
- - 2011 : Published the voluntary compliance manual for marketing
- - 2012 : Published the voluntary compliance manual for purchasing
- - 2014 : Changed the compliance manager(successor to the position)
- - 2014 : Revised the voluntary compliance manual for fair trade
- - 2018 : Changed the compliance manager(Head of Corporate Planning Group)
- - 2020 : Established a department dedicated to fair trade(Compliance Team)
- - 2021 : Changed the compliance manager(Head of Compliance Management Group)
