Compliance Program, CP
It is an internal compliance system that a company establishes and operates on its own, including education and supervision, to comply with fair trade-related regulations. By providing employees with behavioral guidelines on compliance with fair trade regulations, it aims to prevent and improve violations of fair trade laws through a series of norms and systems.
1. Establishment and Implementation of CP Standards and Procedures
2. Commitment and Support for Compliance from the CEO
3. Appointment of a Compliance Officer
4. Creation and Utilization of a Compliance Manual
5. Continuous and Systematic Training
6. Establishment of an Internal Monitoring System
7. Sanctions for Legal Violations
8. Effectiveness Evaluation and Improvement Measures
The CP Rating Evaluation System refers to an annual assessment system for companies that have operated CP for over a year and have applied for evaluation, based on the eight requirements for CP introduction. The system calculates ratings for each company based on their CP operational performance.
Purpose of the System
The purpose is to evaluate companies operating CP according to certain criteria and grant ratings, providing incentives to excellent companies to encourage diligent CP operation and strengthen the companies’ fair trade capabilities.
Evaluation Criteria
The evaluation is based on seven evaluation items, 20 evaluation indicators, and 48 detailed measurement indicators.
Ratings
The ratings are classified into six grades: Excellent(AAA), Very Good(AA), Relatively Good(A), Average(B), Insufficient(C), and Very Insufficient(D).
The Compliance Council is a body formed to advise compliance officer and conduct oversight of self-inspections regarding violations of fair trade laws in each member’s respective area of responsibility.
- ’08~’20
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’08.08
Declaration of CP introduction and establishment of operational guidelines
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’08.12
Appointment of the compliance officer to the board
Publication of the compliance manual (1st edition) -
’09.08
Revision and publication of the compliance manual (2nd edition)
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’10.03
Establishment of a dedicated CP department
Appointment of the compliance officer to the board -
’12.07
Participation in CP rating evaluation (Acquired AA Rating)
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’11.10
Revision and publication of the compliance manual (4th edition)
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’11.12
Revision and publication of the compliance manual (5th edition)
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’12.07
Participation in CP rating evaluation (Acquired AA Rating)
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’13.03
Appointment of the compliance officer to the board
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’14.07
Publication of the integrated compliance manual for the POSCO Group
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’16.03
Appointment of the compliance officer to the board
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’18.03
Appointment of the compliance officer to the board
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’19.01
Introduction of a pre-audit system for negotiated contracts
- ’21 ~ 現
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21.03
Appointment of the compliance officer to the board
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21.10
Consulting for CP operations of the subsidiary (eNtoB)
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22.09
Acquisition of Anti-Bribery Management System certification (ISO37001)
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23.08
Establishment of the Subcontracting Cooperation Committee
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23.12
Participation in CP rating evaluation (Acquired AA Rating)
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24.03
Appointment of the compliance officer to the board
Subcontracting Act
(FAIR TRANSACTIONS IN SUBCONTRACTING ACT)
Fair Trade Act
(Monopoly Regulation and Fair Trade Act)
Promotion of collaborative cooperation Act
(Act on the promotion of collaborative cooperation between large enterprises and small-medium enterprises)
Terms and Conditions Act
(Act on the Regulation of Terams and Conditions)