Ethical Management
Code of Ethics
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Chapter 1 General Rules
Article 1 (Objective) The purpose of this Code of Ethics Regulation is to secure the integrity and fairness of the company and to create a sound corporate culture by stipulating standards for ethical value judgment and behavior that executive officers and employees must comply with.
Article 2 (Definitions) The terms used herein shall be defined as in the following Sub-Paragraphs.
1. Executive officers and employees mean all the executive officers and employees of the company.
2. Interested parties mean all individuals and organizations which have interests in the management activities of the company.
3. Ethics Committee refers to the highest decision-making body in relation to the practice of ethics management.
Article 3 (Scope of Application) This Code of Ethics apply to all the executive officers, employees and interested parties of the company.
Article 4 (Basic Principle) Executive officers and employees shall faithfully comply with this Code of Ethics and and shall refrain from any act which harms the reputation and the credibility of the company. -
Chapter 2 Basic Ethics of Exeuctive Officrs and Employees
Article 5 (Compliance with Law and the Code of Ethics) Executive officers and employees shall comply with the relevant laws, all the regulations of the company and social norms and faithfully perform their duties at work.
Article 6 (Fair Performance of Duties) Executive officers and employees shall maintain fairness and transparency and exclude private interests in performance of their duties and shall prioritize the interests of the company.
Article 7 (Prohibition of Discrimination and Unfair Treatment) Executive officers and employees shall refrain from discriminating or treating another person unfairly on the basis of race, nationality, gender, age, religion, educational background, physical conditions, social status or other elements.
Article 8 (Prohibition of Sexual Harassment and Human Rights Violation) Executive officers and employees shall not engage in any act of human rights violations such as verbal or physical violence and sexual harassement, at the workplace.
Article 9 (Confidentiality) Without proper authorization, an executive officer or an employee shall not use for a personal purpose any information of the company or a client, which he or she has acquired in the course of performing the duties, and shall not disclose the information to a third party. -
Chapter 3 Responsibilities to Clients and Interested Parties
Article 10 (Faithfulness to Clients) Executive officers and employees shall treat clients in good faith and make the best efforts to protect the rights and the interests of the clients for their satisfaction.
Article 11 (Protecting the Information of Clients) Executive officers and employees shall comply with relevant statutes and the company policy in collecting, using and managing the information of a client and shall not provide or disclose the information to a third party without the prior consent of the client.
Article 12 (Fair Transactions and Prohibition of Illicit Request) Executive officers and employees shall maintain fairness in a transaction with a client, a partner company or other interested parties and shall not illicitly demand or receive money, entertainment, convenience etc.
Article 13 (Protection of Company Assets and Prohibition of Personal Use) Executive officers and employees shall protect the company's assets and shall not use or misappropriate them for any personal purpose other than for official purposes. -
Chapter 4 Organizational Culture and Social Responsibilities
Article 14 (Principle of Differentiating Between Personal Interests and Interests of the Company) Executive officers and employees shall clearly differentiate between their personal interests and work duties and shall not promote private interests by using the position or the authority of the company.
Article 15 (Creating a Sound Organizational Culture) Executive officers and employees shall promote free communication and cooperation based on mutual trust and respect and shall not spread distrust or rumors at the company.
Article 16 (Fulfillment of Social Responsibilities) Executive officers and employees shall recognize the social responsibilities of the company and contribute to the development of the country and the community through management activities which conform to the law and the social values.
Article 17 (Protection of Shareholders and Investors) Executive officers and employees shall protect the rights and interests of shareholders and investors and maintain a relationship of trust by transparently disclosing the management information. -
Chapter 5 Practice and Administration of Ethical Management
Article 18 (Establishment and Administration of Ethics Committee) The company may establish and administer the Ethics Committee for the practice of ethical management and the administration of the Code of Ethics.
Article 19 (Reporting an Act of Breach and Protecting an Informant) If an executive officer or an employee becomes aware of an act of a breach of the Code of Ethics, he or she shall promptly report it by following the report procedure of the company and the company shall thoroughly protect the identity of the informant and the person who reported the information.
Article 20 (Measures to be Taken for an Act of Breach) In accordance with the relevant regulations, the company may take a disciplinary action or other measures against a person who is in breach of the Code of Ethics.
Code of Ethics
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Law and principle, our basic value default
All executive officers and employees of the company shall comply with relevant laws and regulations and act on the basis of trust and integrity.
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Promise with clients, a source of our pride
We shall make the best efforts to promote the rights and the satisfaction of our clients and shall protect the client information safely.
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Fair work performance, our competitiveness
We shall maintain fairness and transparency and exclude personal interests in all our works.
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Fair trade, unyielding principle
We shall maintain fairness in transactions with partner companies and other interested parties and shall refuse any illicit gains or solicitations.
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No discrimination and unfair treatment, rights of everyone
We shall not permit discrimination or unfair treatment at all on the basis of race, gender, age, religion, physical condition or other elements.
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Asset protection, responsibilities for the future
We shall protect assets of the company and prohibit personal use or misappropriation of company assets.
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Respect for human rights, safe workplace
We firmly prohibit any act of human rights violations including sexual harassment and verbal or physical violence.
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Sound organizational culture, our energy
We shall communicate freely based on respect and mutual trust create a sound organizational culture.
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Informaton protection, the start of trust
We value the information of the company and our clients and prohibit any private use of the information or disclosure without authorization.
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Social responsibilities, growing together
We recognize corporate social responsibility and contribute to the development of the country and the community.
ethics@a-bio.co.kr
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