Ethical Management

Transparent and fair business activities

Ethical Management

Ethical Management

Kia promotes ethical management activities to align its practices and cost structure with ethical standards in order to pay due respect to stakeholders and improve our long-term competitiveness.

Governance

We have the Audit Committee, the Corporate Governance and Communication Committee and Outside Director Recommendation Committee under the Board of Directors for continuous improvement of ethical management.

Board of directors
Audit Committee
Outside Director Recommendation Committee
Compensation Commeittee
Transparent Management Committee

Corporate Governance and Communication Committee

The purpose of the Corporate Governance and Communication Committee is to evaluate the transparency of internal transactions and the company’s progress in ethical management. The Corporate Governance and Communication Committee assesses the transactions between affiliated persons as stipulated by the Monopoly Regulations and Fair Trade Law and the Capital Market and Financial Investment Business Act. It also monitors Kia’ program for voluntary compliance with fair trade regulations, major policies related to ethical management and social outreach programs, and the enactment, revision and implementation of ethics codes and regulations.

  • Procurement Division's Code of Ethics
    (Korean Ver.)

  • Gift Management Policy
    (Korean Ver.)

  • Employees’ Code of Conduct
    (Korean Ver.)

  • Code of Ethics

  • Workplace Ethics Policy
    (Korean Ver.)

  • Grievance Counseling System / Internal and External Complaints

Human Rights Protection

Kia protects the basic human rights of its employees. It has developed a human-rights based management mechanism to ensure all recruitment procedures conform to the Framework Act on Employment Policy. Kia’ Employment Regulations stipulate that only a person 18 years old or above qualifies for employment. Under Article 65 of the Collective Agreement, the company does not force overtime work or holiday work, nor does it give disadvantages for denial of such requests.
The Grievance Counseling System is available on the intranet, where employees can easily view the progress and results of their grievances submitted. For the protection of human rights of women and prevention of sexual harassment, all employees are provided with training on related laws and regulations, company guidelines, and measures at least once a year.

 

Human Rights/Ethical Management related Training 2017 2018 2019
Total 20 times, 7,320 persons 20 times, 7,510 persons 28 times, 8,527 persons
Offline 18 times, 520 persons 18 times, 510 persons 26 times, 744 persons
Online 2 times, 6,800 persons 2 times, 7,000 persons 2 times, 7,783 persons

※ [Findings of Human Rights Impact Assessment] To be provided

Fair Competition

The CP (Compliance Program) is an internal compliance system that a company operates internally to comply with the laws and regulations on fair competition. We included the CP operating regulations in Kia’s standard business procedure, and use internal supervision and education to ensure fair competition practices. More intensive education is provided to the members of sales and procurement departments, who are relatively more prone to noncompliance. Opportunities for external programs are also offered to members concerned where they can learn about the latest developments in fair competition and apply it to their work where appropriate. Kia organizes a competitive bidding for suppliers to give them an equal opportunity to bid for contracts.

We will continue to cement the culture of fair competition and uphold business transparency through thorough inspections and preventive measures.

Key Achievements

Item Performance
Appointment of Compliance Officer
  • Establishing and running Compliance Council chaired by the Compliance Office, the Head of finance and accounting division, since 3rd May, 2012 to present.
    - Department in charge : Compliance Management Team,
    Advice: Legal Affairs Team. Supervising teams were designated by each sector.
Providing CP education
  • Continuous CP training including customized on-site training
    - Audience: members of sales divisions in Korea, managers or higher from plants
  • Monthly training for key departments concerned. (Fair Trade Day)
  • Training for new hires and special lectures by fair trade experts
Internal monitoring system
  • A discussion mechanism to prevent non-compliance before engaging in fair-trade related projects
  • Compliance checklist for self-check and regular/frequent field audits.
  • Compliance Officer reports the findings from internal audits to the Board of Directors. Corrective actions are taken and monitored.
Document control system
  • A dedicated website to Fair Trade Compliance
  • CP as a continuous effort: revise and update related regulations and guidelines. CP is included in the standard business procedure.

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