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Compliance and Ethical Management
Compliance and Ethics Management System
Since its founding, HanmiGlobal has worked to eliminate corruption and unhealthy practices in the construction sector, creating customer value and enhancing industry value through honest and transparent business conduct. With “Integrity” as a core value, the company builds trust with stakeholders by adhering to strict ethical standards and fair-trade principles. A formal Code of Ethics provides the policy foundation, while rigorous audits and continuous monitoring ensure that the guidelines are followed in practice. These efforts extend beyond HanmiGlobal’s own employees to subsidiaries, suppliers/subcontractors, and business partners, reinforcing a culture of compliance and ethics across the entire value chain.
HanmiGlobal Business Ethics Code
HanmiGlobal adopted its Business Ethics Code in April 2002 and renews employees’ written pledges of compliance every January, including all domestic and overseas subsidiaries. The Risk Management Office, which reports directly to the Chairman, operates independently to manage ethics and compliance. It develops and enforces proactive policies to prevent legal breaches, conducts continuous auditing and investigations into any misconduct reports, and delivers regular ethics training—all aimed at enhancing transparency and reinforcing ethical awareness across the workforce.
Anti-Corruption and Fair-Trade Policy
HanmiGlobal incorporates its anti-corruption and fair-competition rules into the Business Ethics Code, revising the code as necessary with CEO approval.
6.9 Conflict of Interest
- - All employees must avoid any situation in which their personal interests conflict with the company’s interests. If a potential or actual conflict arises, they must immediately notify their department head, the Head of Risk Management, or the Internal Auditor and take the corrective measures provided.
- - Situations that can present a conflict of interest include:
- * receiving money, gifts, entertainment, or other financial benefits from suppliers, subcontractors, clients, competitors, affiliates, or agents;
- * accepting excessive gifts, entertainment, or rebates from anyone connected with the company’s business;
- * holding a secondary job, directly or indirectly, with a competitor, distributor, supplier, or client of HanmiGlobal.
6.10 Gifts and Entertainment
- - No employee may accept, directly or indirectly, any money, gift, or hospitality from an individual or organization that could influence, or appear to influence, a business decision.
6.11 Anti-Bribery in Global Markets
- - HanmiGlobal complies with the anti-bribery laws of every country in which it operates, and employees must not offer, approve, or provide bribes to any stakeholder under any circumstances.
6.12 Dealings with Government Agencies and Government Contractors
- - When bidding for or performing government work, employees must follow all procurement and tender rules and must not give gifts or gratuities to public officials.
- - Substituting unauthorized contracts for approved ones is prohibited, as is making false statements or submitting false documents to officials or government entities at any stage of a tender.
Compliance and Ethics Initiatives
Internal Audits
HanmiGlobal conducts both continuous monitoring and ad-hoc inspections that examine employee compliance and diagnose work processes. All domestic and overseas sites, subsidiaries, and affiliates fall within the audit scope. When violations are identified, disciplinary measures are imposed under internal rules, and policies and training programs are updated so that lessons learned are shared and recurrence is prevented.
Project-Level Ethics Pledges
From the earliest project stage, HanmiGlobal encourages owners, contractors, and other participants to sign a Project Ethics Pledge. The pledge commits every party to legal and ethical compliance, transparent and fair work practices, and zero tolerance for bribery or corruption.
“One-Strike-Out” Policy
For cases of corruption or sexual harassment, HanmiGlobal applies a strict “One-Strike-Out” principle. Violators are dismissed or otherwise sanctioned without exception, and the policy is continuously communicated across the organization so that all personnel understand its scope and consequences.
Anti-Corruption and Fair-Trade Training
HanmiGlobal delivers ethics training through multiple channels, including three company-wide “Ethical Management Topic Training” sessions each year to raise ethical awareness. In addition, a “No Holiday Gifts, No Holiday Favors” campaign is run each festive season for all employees, vendors, and other stakeholders, providing continuous instruction designed to prevent corruption and promote fair competition.
Supply-Chain Ethics Compliance
Strict ethical standards apply throughout the supply chain. Vendors are screened for performance and integrity from pre-qualification through evaluation, and each contract contains an Ethics Compliance Undertaking. Compliance is verified during execution, and firms that violate laws or company policies are not considered for future contracts. The same requirements bind joint-venture and consortium partners, ensuring consistent ethical behavior across all collaborative projects.
Cyber Whistle-Blower Hotline
To reinforce the company’s self-policing capability, HanmiGlobal provides several confidential reporting channels, including a cyber hotline, a telephone line, and a dedicated e-mail address, backed by a formal whistle-blower protection policy and an internal whistleblower reward scheme that grants incentives when reports are substantiated. If retaliation is anticipated or occurs, the responsible party is disciplined under internal regulations, and additional measures are taken to safeguard the reporter.