Roles and Responsibilities of Compliance Officer · Team
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Implementation of compliance standards1
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Preventative and improvement measures to reduce legal risks2
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Formation and implementation of compliance education programs3
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Compliance activity review and result evaluation4
Management Method of Compliance Activities
LG Chem has implemented an unique compliance activities management method - selecting an individual theme as a priority control target. This prioritize management method per theme enables the Team to evaluate the issues, establish the solution, and engage in intensive, in-depth improvement of individual risk.
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01 Theme SelectionFactors to Consider-Possibility of occurrence of an illegal activity -Effects on the company -Legal trends etc.
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02 Risk EvaluationCheck current work status, processReview document/dataConduct the interviews of relevant parties, etc.
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03 Improvement MeasuresEstablish improvement measuresSupport other departmentsProvide training
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04 Post ManagementMonitoring improvement planMeasure/Evaluate performanceProvide additional support (if necessary)
Compliance Guidelines
LG Chem is a global company that conducts businesses in various parts of the world. Through its “Compliance Guidelines”, employees are able to conduct their work without violating various applicable laws and regulations such as internal regulations and local laws and regulations.
Honesty and integrity toward customers
Reliable marketing
Product/Service safety
Product/Service specifications
Privacy protection
Desirable work environment
Fair personnel management
Organizational culture of mutual respect
Healthy and safe work environment
Responsibility toward local communities
Environmental protection
Respect for international trading order
Fair competition
Collection of management information
Proper use of information on third parties
Fair trade
Relationship with competitors
Relationship with partners
Proper communication
Respect for others’ intellectual property rights
Prohibition of bribery
Enhancement of shareholders’ value
Information security and confidentiality
Protection of intellectual properties of the company
Precautions when using information and communication means
Records management and preservation
Undisclosed information
Public disclosure