Transparent and fair business activities
Transparent and fair business activities
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.
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.
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.
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
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.
|Appointment of Compliance Officer||
|Providing CP education||
|Internal monitoring system||
|Document control system||
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