Direction of implementation of ethical management
Based on its corporate and management philosophy of an “upright company,” “a company that is awake,” and “a company that shares with customers,” KT&G is pursuing “management in principle that sees long and distantly” to contribute to customers, shareholders, the country, and society. This is declaring that all members should silently perform their work based on high morality and transparency to create outcomes and fulfill their responsibility and obligation to diverse stakeholders.
Customers (Regarding customers as important/enhancing customer value) , Shareholders/investors (Shareholder value maximization/investors’ interest protection ), Personnel(), (Fair performance of jobs/mutual respect/prevention of sexual harassment and protection of company assets/customer information protection and prohibition of insider trading), Company (Respect personnel/fair treatment/cultivate talents/safe work environments ), Country/society(Observance of laws/social responsibility/environment protection), Cooperative companies/competitors(Fair transactions/pursuit of mutual development )
Establishment and development of ethical management
Ethical management implementation system
KT&G is constructing ethical management systems that upgrade ethical management and reinforce practice by implementing diverse activities centering on organizations dedicated to ethical management
Code of ethics
Ethics charter Value judgment criteria for
executives and staff members
Code of Ethics Code of behavior for
executives and staff members
KT&G enacted and has been following ethics charter and code of ethics as a criteria for righteous behavior and value judgment for all the executives and staff members
Diverse programs such as an ethics oath, sexual harassment prevention activities, and the Think Twice campaign are continuously operated for KT&G personnel to establish ethical management.
Oath for ethics
Promising that they will be sufficiently acquainted with the ethics norms and ethics practice guidelines and take the lead in ethical management when they perform their work in Korea or overseas, all personnel sign a written oath for ethics at the beginning of every year.
Sexual harassment prevention activities
Sexual harassment prevention activities are being conducted to lessen the perception and practice of sexual discrimination and to form a beautiful and healthy workplace culture. In particular, sexual harassment prevention measures are prepared based on an analysis of related laws, other companies’ cases, and in-house systems, and in-house cyber education is implemented once a year to enhance personnel’s sense of ethics.
Think Twice campaign
By sharing events and accidents by type every six months, the attention of personnel is aroused and the recurrence of similar cases is prevented.
To respond to ethical management issues quickly and efficiently, KT&G has installed an ethics management office. As a control tower, the ethics management office is implementing ethics diagnosis and diffusion, business risk monitoring expansion and reinforcement, event and accident investigation, and external activities.
- Ethical Management Audit Team
- A foothold for the establishment of a transparent and ethical corporate culture and company-wide performance creation
- Audit Planning Office
- Advanced Au dit System, Establish audit strategy to strengthen internal control
- Ethical management department
- Propagates CEO management philosophy and core values and induces execution
- Group-level ethical management Diagnosis and diffusion of corporate culture
- Exemplary case discovery and propagating activities
- Audit Dept. I / Audit Dept. II
- Plans and implements periodicaudits
- Investigates and handles events/accidents and civil complaints
- Members’ sense diagnosis and feedback
- Reforms unreasonable customs and processes
- Improves of efficiency in management
- Supports the operation of Audit Committee (Audit Dept. I)