Compliance Program
Management Role & Method of Compliance Activities In accordance with the revised Korean Commercial Act, LG Chem, Ltd.("LG Chem") appointed a Compliance Officer at the Board of Directors Meeting held in April, 2012 and established the compliance standard required for the operation of the compliance program led by a Compliance Officer. The Compliance Officer supervises compliance activities in accordance with the compliance standard by inspecting the compliance status of the company and its employees, implementing the improvement measures for the existing company policies which may violate the relevant laws and regulations.
Roles and Responsibilities of Compliance Officer · Team
  • Implementation of compliance standards
    1
  • Preventative and improvement measures to reduce legal risks
    2
  • Formation and implementation of compliance education programs
    3
  • Compliance activity review and result evaluation
    4
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.

  • 01 Theme Selection
    Factors to Consider
    -Possibility of occurrence of an illegal activity -Effects on the company -Legal trends etc.
  • 02 Risk Evaluation
    Check current work status, process
    Review document/data
    Conduct the interviews of relevant parties, etc.
  • 03 Improvement Measures
    Establish improvement measures
    Support other departments
    Provide training
  • 04 Post Management
    Monitoring improvement plan
    Measure/Evaluate performance
    Provide 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.

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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