Description
Samsung Electronics aims to be a 'world leading company', devoting our human resources and technology to create superior products and services, thereby contributing to a better global society.
2006. 1
Samsung Electronics Co., Ltd.
Global Code of Conduct
- 2 -
IMPORTANT NOTICE
THE GLOBAL CODE OF CONDUCT DESCRIBES THE STANDARDS OF INTEGRITY SAMSUNG
ELECTRONICS EXPECTS FROM ITS SUBSIDIARIES AND THEIR EMPLOYEES WORLDWIDE.
WHILE THESE STANDARDS STRIVE TO ESTABLISH THE HIGHEST LEVEL OF INTEGRITY,
SAMSUNG ELECTRONICS RECOGNIZES THAT VARIOUS COUNTRIES MAY HAVE LAWS AND
REGULATIONS THAT ESTABLISH DIFFERENT REQUIREMENTS FOR CORPORATE INTEGRITY.
WHENEVER THAT IS THE CASE, SAMSUNG ELECTRONICS’ FOREIGN SUBSIDIARIES WILL
COMPLY WITH ALL APPLICABLE LOCAL LAWS. LOCAL LAWS WILL SUPERSEDE THE GLOBAL
CODE OF CONDUCT.
EMPLOYEES OF FOREIGN SUBSIDIARIES ARE EXPECTED TO COMPLY WITH LOCAL LAWS AND
EMPLOYEES WHO WISH TO REPORT WRONGDOING MUST REPORT ACCORDING TO THEIR
SUBSIDIARY’S REPORTING POLICIES.
- 1 -
Table of Contents
I. SEC GLOBAL CODE OF CONDUCT: PREFACE .................................................................2
?. SEC GLOBAL CODE OF CONDUCT ..................................................................................4
PRINCIPLE 1. WE COMPLY WITH LAWS AND ETHICAL STANDARDS ............................................................ 5
1-1. WE RESPECT DIGNITY AND DIVERSITY OF INDIVIDUALS .......................................................................... 5
1-2. WE COMPETE IN ACCORDANCE WITH LAWS AND BUSINESS ETHICS .......................................................... 6
1-3. WE MAINTAIN TRANSPARENCY OF ACCOUNTS WITH ACCURATE RECORDING OF TRANSACTIONS ............... 6
1-4 WE DO NOT GET INVOLVED IN POLITICS AND MAINTAIN NEUTRALITY....................................................... 7
1-5 WE PROTECT INFORMATION ON INDIVIDUALS AND BUSINESS PARTNERS ................................................... 7
PRINCIPLE 2. WE MAINTAIN A CLEAN ORGANIZATIONAL CULTURE ........................................................... 9
2-1. WE MAKE A STRICT DISTINCTION BETWEEN PUBLIC AND PRIVATE AFFAIRS IN OUR DUTIES ....................... 9
2-2. WE PROTECT AND RESPECT INTELLECTUAL PROPERTIES OF THE COMPANY AND OTHERS ....................... 10
2-3. WE CREATE A SOUND ORGANIZATIONAL ATMOSPHERE ......................................................................... 10
2-4. WE MAINTAIN THE DIGNITY OF SAMSUNG ELECTRONICS IN OUR EXTERNAL ACTIVITIES. ....................... 11
PRINCIPLE 3. WE RESPECT CUSTOMERS, SHAREHOLDERS AND EMPLOYEES ............................................ 12
3-1. WE PUT PRIORITY ON CUSTOMER SATISFACTION IN MANAGEMENT ACTIVITIES ...................................... 12
3-2. WE PURSUE MANAGEMENT FOCUSED ON SHAREHOLDER VALUE ........................................................... 12
3-3. WE ENDEAVOR TO IMPROVE OUR EMPLOYEES’ QUALITY OF LIFE .......................................................... 13
PRINCIPLE 4. WE CARE FOR THE ENVIRONMENT, HEALTH, AND SAFETY .................................................. 14
4-1. WE PURSUE ENVIRONMENT FRIENDLY MANAGEMENT .......................................................................... 14
4-2. WE VALUE THE HEALTH AND SAFETY OF HUMAN BEINGS ..................................................................... 14
PRINCIPLE 5. WE ARE A SOCIALLY RESPONSIBLE CORPORATE CITIZEN ................................................... 15
5-1. WE SINCERELY EXECUTE OUR BASIC RESPONSIBILITIES AS A CORPORATE CITIZEN ................................. 16
5-2. WE RESPECT THE SOCIAL AND CULTURAL VALUES OF LOCAL COMMUNITIES AND PRACTICE CO-EXISTENCE
................................................................................................................................................................... 16
5-3.WE BUILD UP RELATIONSHIPS OF CO-EXISTENCE AND CO-PROSPERITY WITH BUSINESS PARTNERS ............. 17
[APPENDIX]OBLIGATION TO OBSERVE CODE OF CONDUCT .. ??! ???? ???
? ?? ????.
- 2 -
I. SEC Global Code of Conduct: Preface
Samsung Electronics aims to be a ‘world leading company’, devoting our human resources
and technology to create superior products and services, thereby contributing to a better
global society.
To achieve this goal, we share and pursue Samsung Values of ?People, Excellence,
Change, Integrity, Co-prosperity?, and the 7 Factors of a World Leading Company of
?Dream, Vision & Goal, Creativity & Challenge, Insight & Good Sense, Technology &
Information, Trust & Credibility, Speed & Velocity, Change & Innovation? within the
organization.
Furthermore, all Samsung Electronics employees should follow this?Global Code of
Conduct? as well as the Samsung Business Principles in order to comply with laws and
ethical practices as well as to express our concrete commitment to social responsibility.
This ?Global Code of Conduct? will be the guiding standard for everyone in Samsung
Electronics, outlining standards of conduct in all business activities.
- 3 -
?. We endeavor, with a sense of urgent awareness that we cannot survive without
innovation, to achieve future competitiveness by responding Speedily to the changes in
the business environment and customer demand, and to maintain a sustained
commitment to Change & Innovation based on our Dream, Vision & Goal.
?. We cultivate Creativity & Challenge, acknowledging that future competitiveness
depends on the development of Technology & Information ahead of competitors.
?. We aspire to become qualified experts in our field with Insight to foresee the future,
and the Good Sense to identify and take advantage of opportunities.
?. We create an open culture where employees are encouraged to make decisions and act
proactively with a sense of ownership, based on the mutual respect of individuality and
Trust & Credibility.
?. We pursue co-prosperity by maintaining relationships of Trust with shareholders and
business partners, and facilitating sound management through mutual cooperation.
- 4 -
?. SEC Global Code of Conduct
- 5 -
Principle 1. We comply with laws and ethical standards
1-1. We respect dignity and diversity of individuals
? The Company will respect the human rights of all employees and will not
discriminate against on the basis of race, color, creed, national origin, gender, age,
citizenship, religion, regional background, physical disability, marital status, or
any other characteristics protected by law.
? The Company will not employ underage persons, as commonly defined by
international standards and relevant national laws.
? The Company will determine conditions of employment and compensation for
personnel in a fair and non-discriminatory manner, taking into consideration
relevant international standards and national, local or state laws, with the laws of
host jurisdiction prevailing.
? The Company will ensure that working hours of personnel will be in accordance
with the specific nature of their duties and comply with national, state and local
laws.
? The Company will ensure that management will not (i) engage in abusive
behavior; (ii) encourage or condone conduct that violates the Company’s Code of
Conduct, policies or procedures; or (iii) impose non-work-related duties upon
employees.
- 6 -
1-2. We compete in accordance with laws and business ethics
? The Company will compete freely and fairly at all its business sites around the
world, abiding by relevant international standards and national, state and local
laws, with the laws of the host jurisdiction prevailing.
? The Company will not abuse a dominant market position nor use coercion to
cause inclusion of unwanted items in any sales transactions (tying).
? The Company will not enter into price fixing, bid collusion, market collusion or
reduced production agreements with competitors, and will not discuss with
competitors prices, bids, customers, sales territories and conditions including
price confirmation.
? The Company will not permit the acceptance of money, goods, entertainment
and/or share offers of stock from customers or external interested parties, nor
allow any improper activities that violate laws and fair trade principles.
? The Company shall not illegally obtain or use competitor’s trade secrets or
confidential information.
? The Company shall not demand, or use coercion to obtain any advantage
detrimental to the interest of customer or partner companies.
1-3. We maintain transparency of accounts with accurate recording of transactions
? The Company will accurately record and manage all transactions in compliance
with international standards and national accounting regulations, and will be
subject to accounting audits by outside parties at regular intervals.
- 7 -
? The Company will make every effort to refrain from entering into a business
relationship with customers of uncertain identity, and will not participate nor
cooperate with illegal, false, or irregular transactions.
1-4 We do not get involved in politics and maintain neutrality
? Employees shall not attribute their personal political opinions and conduct to the
Company, or cause such opinions or conduct to be attributed to the Company.
? The Company’s resources, including financial resources, manpower, and
facilities shall not be used to further political goals.
? The Company will refrain from illegal donations and improper dealings with
governments, and will respect related national, state and local laws of the host
jurisdiction.
1-5 We protect information on individuals and business partners
? The Company and its employees will abide by the national, state and local laws
relating to protection of the privacy of its employees’ personal and confidential
information.
? The Company will obtain, through normal business processes, information
relating to individuals, corporate customers, or business partners and will use
such information for business purpose only. The Company will ensure that the
- 8 -
means for obtaining such information and its use comply with national, state and
local laws. The Company will not disclose such information to third parties.
- 9 -
Principle 2. We maintain a clean organizational culture
2-1. We make a strict distinction between public and private affairs in our duties
? The Company will not permit any illicit activity for the pursuit of personal gain,
such as irregular treatment of expenses, using one’s position for private gain, or
the embezzlement of corporate assets.
? The Company will not permit any activity that utilizes proprietary information of
the Company for private gain, for example insider trading, irrespective of
whether or not this activity was conducted by an employee directly or indirectly
via third parties.
? All business decisions must be made and all business activities must be
conducted, in the best interests of the Company. Employees should avoid any
action which may involve, or may appear to involve, a conflict of interest with
the Company. No employees may have any financial or other business
relationships with suppliers, customers or competitors that might impair, or even
appear to impair the independence of any judgment they may need to make in the
best interests of the Company.
- 10 -
2-2. We protect and respect intellectual properties of the Company and others
? The Company will ensure that its employees will not disclose the intellectual
property of individuals, corporate customers and business partners to third parties
without the owner’s prior consent.
? The Company will ensure that any proprietary information acquired through its
business activities shall be recorded and safely kept and managed as intellectual
property.
? The Company will respect the intellectual property rights of third parties, such as
patents, copyrights and trademarks, and shall not intentionally infringe or
improperly use such intellectual property.
? The Company will ensure that due attention is paid to the security of its
intellectual property during the course of telephone or other communication with
external parties, and in the management of various data storage facilities.
2-3. We create a sound organizational atmosphere
? The Company has zero tolerance for any type of behavior that may offend or
cause unpleasantness to other employees. Such behavior includes, but is not
limited to sexual harassment, as well as all other forms of harassment, physical
assault, or any personal request or conduct that conflicts with national, state or
local law, or the Company’s policies and procedures.
- 11 -
? The Company will endeavor to maintain and develop a mutually cooperative
relationship between management and employees, based on law, business ethics
and mutual respect.
2-4. We maintain the dignity of Samsung Electronics in our external activities.
? During the term of employment at the Company, an employee is not permitted to
simultaneously maintain employment with a third party or otherwise be engaged
in outside business activities when such employment or activities prevent the
employee from fully performing work, including overtime assignments, for
which he or she is employed, unless otherwise agreed by prior consent.
? The Company requires that employees obtain the Company’s prior approval
before disclosing the Company’s confidential proprietary information to third
parties.
? The Company will not allow its officers and employees, while in office, to act as
members of boards of companies with conflicts of interest or participate in
competitive business activities.
- 12 -
Principle 3. We respect customers, shareholders and employees
3-1. We put priority on customer satisfaction in management activities
? The Company will endeavor to reflect and give priority to the requirements and
recommendations of customers for the improvement of product design,
distribution, and service.
? The Company will make every effort to engage with its customers in a polite and
equitable manner based on its belief that “Samsung Electronics exists because of
its customers”.
? The Company will respect the customer’s right to choose by refraining from
exaggerated advertisements or coercive sales techniques, which could mislead
customers with regard to the quality, function and specifications of product or
service.
? The Company will endeavor to reach just resolutions of customer-related
disputes and will respond to the complaints of customers in a transparent, timely
and effective manner.
3-2. We pursue management focused on shareholder value
? The Company will actively pursue increases in investment return for shareholders
by maximizing profits through transparent and sound management.
- 13 -
? The Company will honor its responsibility to shareholders and interested parties
by announcing major financial and corporate information in good faith and in a
timely fashion.
? The Company, in accordance with applicable law, will accept and sincerely
consider legitimate petitions from external shareholders.
3-3. We endeavor to improve our employees’ quality of life
? The Company will offer equal opportunities to all employees and treat them
justly based on their ability and achievement.
? The Company will support continuous learning and employee development.
? The Company will provide a working environment in which personal initiative
and creativity are encouraged.
- 14 -
4-1. We pursue environment friendly management
? The Company will make every effort to comply with international environmental
standards, national, state and local laws and regulations relating to the
environment and internal environmental regulations within all of its global
business operations.
? The Company will actively attempt to minimize the generation of harmful
materials, utilize resources efficiently and recycle waste products for the benefit
of the environment.
? The Company will do its best to conduct environmental improvement activities
throughout the whole process of product development, production, distribution,
sales and disposal.
4-2. We value the health and safety of human beings
? The Company will comply with international standards, related laws and
regulations, and internal regulations governing the health and safety of its
employees by providing safety education and training at regular intervals.
Principle 4. We care for the environment, health, and safety
- 15 -
? The Company will consider to the health and safety of customers in all business
activities including product development, production, distribution, sales and
disposal.
? The Company will clearly inform customers regarding the safe usage and
operation of its products or services.
? The Company will endeavor to deal promptly with the discovery of any fault in a
product, which could pose a threat to the safety of customers.
? The Company will make every effort to identify and eliminate any safety hazard
found at any of its business sites, and will maintain a clean and safe environment.
Principle 5. We are a socially responsible corporate citizen
- 16 -
5-1. We sincerely execute our basic responsibilities as a corporate citizen
? The Company will endeavor to create stable employment and to faithfully fulfill its
tax and other legal obligations.
? Employees are encouraged to ethically and conscientiously carry out their job
duties and responsibilities. By doing so, employees will assist the Company in
establishing itself as a responsible and trustworthy corporate citizen.
? Employees are encouraged to endeavor to build trust within the local community
by fulfilling their duties and responsibilities.
5-2. We respect the social and cultural values of local communities and practice co-
existence
? The Company will respect the laws, culture, values and beliefs of the local
communities in which it operates, and shall contribute to the improvement of the
quality of life of local residents.
? The Company, as a global corporate citizen, will contribute to promote and
support public-interest activities such as academic advancement, art, culture and
sports.
? The Company will actively participate in social services such as volunteer
activities and disaster relief.
- 17 -
5-3.We build up relationships of co-existence and co-prosperity with business partners
? The Company will acknowledge its business partners as strategic partners based on
mutual trust, and will pursue the shared value of customer satisfaction.
? The Company will select business partners in accordance with business objectives
by applying fair standards without discrimination.
? The Company will make efforts to support the growth of business partners’
competitiveness and development.
? The Company will actively encourage business partners to fulfill their own social
responsibilities with respect to safety within the workplace and the individual
rights of their employees.
doc_301939142.pdf
Samsung Electronics aims to be a 'world leading company', devoting our human resources and technology to create superior products and services, thereby contributing to a better global society.
2006. 1
Samsung Electronics Co., Ltd.
Global Code of Conduct
- 2 -
IMPORTANT NOTICE
THE GLOBAL CODE OF CONDUCT DESCRIBES THE STANDARDS OF INTEGRITY SAMSUNG
ELECTRONICS EXPECTS FROM ITS SUBSIDIARIES AND THEIR EMPLOYEES WORLDWIDE.
WHILE THESE STANDARDS STRIVE TO ESTABLISH THE HIGHEST LEVEL OF INTEGRITY,
SAMSUNG ELECTRONICS RECOGNIZES THAT VARIOUS COUNTRIES MAY HAVE LAWS AND
REGULATIONS THAT ESTABLISH DIFFERENT REQUIREMENTS FOR CORPORATE INTEGRITY.
WHENEVER THAT IS THE CASE, SAMSUNG ELECTRONICS’ FOREIGN SUBSIDIARIES WILL
COMPLY WITH ALL APPLICABLE LOCAL LAWS. LOCAL LAWS WILL SUPERSEDE THE GLOBAL
CODE OF CONDUCT.
EMPLOYEES OF FOREIGN SUBSIDIARIES ARE EXPECTED TO COMPLY WITH LOCAL LAWS AND
EMPLOYEES WHO WISH TO REPORT WRONGDOING MUST REPORT ACCORDING TO THEIR
SUBSIDIARY’S REPORTING POLICIES.
- 1 -
Table of Contents
I. SEC GLOBAL CODE OF CONDUCT: PREFACE .................................................................2
?. SEC GLOBAL CODE OF CONDUCT ..................................................................................4
PRINCIPLE 1. WE COMPLY WITH LAWS AND ETHICAL STANDARDS ............................................................ 5
1-1. WE RESPECT DIGNITY AND DIVERSITY OF INDIVIDUALS .......................................................................... 5
1-2. WE COMPETE IN ACCORDANCE WITH LAWS AND BUSINESS ETHICS .......................................................... 6
1-3. WE MAINTAIN TRANSPARENCY OF ACCOUNTS WITH ACCURATE RECORDING OF TRANSACTIONS ............... 6
1-4 WE DO NOT GET INVOLVED IN POLITICS AND MAINTAIN NEUTRALITY....................................................... 7
1-5 WE PROTECT INFORMATION ON INDIVIDUALS AND BUSINESS PARTNERS ................................................... 7
PRINCIPLE 2. WE MAINTAIN A CLEAN ORGANIZATIONAL CULTURE ........................................................... 9
2-1. WE MAKE A STRICT DISTINCTION BETWEEN PUBLIC AND PRIVATE AFFAIRS IN OUR DUTIES ....................... 9
2-2. WE PROTECT AND RESPECT INTELLECTUAL PROPERTIES OF THE COMPANY AND OTHERS ....................... 10
2-3. WE CREATE A SOUND ORGANIZATIONAL ATMOSPHERE ......................................................................... 10
2-4. WE MAINTAIN THE DIGNITY OF SAMSUNG ELECTRONICS IN OUR EXTERNAL ACTIVITIES. ....................... 11
PRINCIPLE 3. WE RESPECT CUSTOMERS, SHAREHOLDERS AND EMPLOYEES ............................................ 12
3-1. WE PUT PRIORITY ON CUSTOMER SATISFACTION IN MANAGEMENT ACTIVITIES ...................................... 12
3-2. WE PURSUE MANAGEMENT FOCUSED ON SHAREHOLDER VALUE ........................................................... 12
3-3. WE ENDEAVOR TO IMPROVE OUR EMPLOYEES’ QUALITY OF LIFE .......................................................... 13
PRINCIPLE 4. WE CARE FOR THE ENVIRONMENT, HEALTH, AND SAFETY .................................................. 14
4-1. WE PURSUE ENVIRONMENT FRIENDLY MANAGEMENT .......................................................................... 14
4-2. WE VALUE THE HEALTH AND SAFETY OF HUMAN BEINGS ..................................................................... 14
PRINCIPLE 5. WE ARE A SOCIALLY RESPONSIBLE CORPORATE CITIZEN ................................................... 15
5-1. WE SINCERELY EXECUTE OUR BASIC RESPONSIBILITIES AS A CORPORATE CITIZEN ................................. 16
5-2. WE RESPECT THE SOCIAL AND CULTURAL VALUES OF LOCAL COMMUNITIES AND PRACTICE CO-EXISTENCE
................................................................................................................................................................... 16
5-3.WE BUILD UP RELATIONSHIPS OF CO-EXISTENCE AND CO-PROSPERITY WITH BUSINESS PARTNERS ............. 17
[APPENDIX]OBLIGATION TO OBSERVE CODE OF CONDUCT .. ??! ???? ???
? ?? ????.
- 2 -
I. SEC Global Code of Conduct: Preface
Samsung Electronics aims to be a ‘world leading company’, devoting our human resources
and technology to create superior products and services, thereby contributing to a better
global society.
To achieve this goal, we share and pursue Samsung Values of ?People, Excellence,
Change, Integrity, Co-prosperity?, and the 7 Factors of a World Leading Company of
?Dream, Vision & Goal, Creativity & Challenge, Insight & Good Sense, Technology &
Information, Trust & Credibility, Speed & Velocity, Change & Innovation? within the
organization.
Furthermore, all Samsung Electronics employees should follow this?Global Code of
Conduct? as well as the Samsung Business Principles in order to comply with laws and
ethical practices as well as to express our concrete commitment to social responsibility.
This ?Global Code of Conduct? will be the guiding standard for everyone in Samsung
Electronics, outlining standards of conduct in all business activities.
- 3 -
?. We endeavor, with a sense of urgent awareness that we cannot survive without
innovation, to achieve future competitiveness by responding Speedily to the changes in
the business environment and customer demand, and to maintain a sustained
commitment to Change & Innovation based on our Dream, Vision & Goal.
?. We cultivate Creativity & Challenge, acknowledging that future competitiveness
depends on the development of Technology & Information ahead of competitors.
?. We aspire to become qualified experts in our field with Insight to foresee the future,
and the Good Sense to identify and take advantage of opportunities.
?. We create an open culture where employees are encouraged to make decisions and act
proactively with a sense of ownership, based on the mutual respect of individuality and
Trust & Credibility.
?. We pursue co-prosperity by maintaining relationships of Trust with shareholders and
business partners, and facilitating sound management through mutual cooperation.
- 4 -
?. SEC Global Code of Conduct
- 5 -
Principle 1. We comply with laws and ethical standards
1-1. We respect dignity and diversity of individuals
? The Company will respect the human rights of all employees and will not
discriminate against on the basis of race, color, creed, national origin, gender, age,
citizenship, religion, regional background, physical disability, marital status, or
any other characteristics protected by law.
? The Company will not employ underage persons, as commonly defined by
international standards and relevant national laws.
? The Company will determine conditions of employment and compensation for
personnel in a fair and non-discriminatory manner, taking into consideration
relevant international standards and national, local or state laws, with the laws of
host jurisdiction prevailing.
? The Company will ensure that working hours of personnel will be in accordance
with the specific nature of their duties and comply with national, state and local
laws.
? The Company will ensure that management will not (i) engage in abusive
behavior; (ii) encourage or condone conduct that violates the Company’s Code of
Conduct, policies or procedures; or (iii) impose non-work-related duties upon
employees.
- 6 -
1-2. We compete in accordance with laws and business ethics
? The Company will compete freely and fairly at all its business sites around the
world, abiding by relevant international standards and national, state and local
laws, with the laws of the host jurisdiction prevailing.
? The Company will not abuse a dominant market position nor use coercion to
cause inclusion of unwanted items in any sales transactions (tying).
? The Company will not enter into price fixing, bid collusion, market collusion or
reduced production agreements with competitors, and will not discuss with
competitors prices, bids, customers, sales territories and conditions including
price confirmation.
? The Company will not permit the acceptance of money, goods, entertainment
and/or share offers of stock from customers or external interested parties, nor
allow any improper activities that violate laws and fair trade principles.
? The Company shall not illegally obtain or use competitor’s trade secrets or
confidential information.
? The Company shall not demand, or use coercion to obtain any advantage
detrimental to the interest of customer or partner companies.
1-3. We maintain transparency of accounts with accurate recording of transactions
? The Company will accurately record and manage all transactions in compliance
with international standards and national accounting regulations, and will be
subject to accounting audits by outside parties at regular intervals.
- 7 -
? The Company will make every effort to refrain from entering into a business
relationship with customers of uncertain identity, and will not participate nor
cooperate with illegal, false, or irregular transactions.
1-4 We do not get involved in politics and maintain neutrality
? Employees shall not attribute their personal political opinions and conduct to the
Company, or cause such opinions or conduct to be attributed to the Company.
? The Company’s resources, including financial resources, manpower, and
facilities shall not be used to further political goals.
? The Company will refrain from illegal donations and improper dealings with
governments, and will respect related national, state and local laws of the host
jurisdiction.
1-5 We protect information on individuals and business partners
? The Company and its employees will abide by the national, state and local laws
relating to protection of the privacy of its employees’ personal and confidential
information.
? The Company will obtain, through normal business processes, information
relating to individuals, corporate customers, or business partners and will use
such information for business purpose only. The Company will ensure that the
- 8 -
means for obtaining such information and its use comply with national, state and
local laws. The Company will not disclose such information to third parties.
- 9 -
Principle 2. We maintain a clean organizational culture
2-1. We make a strict distinction between public and private affairs in our duties
? The Company will not permit any illicit activity for the pursuit of personal gain,
such as irregular treatment of expenses, using one’s position for private gain, or
the embezzlement of corporate assets.
? The Company will not permit any activity that utilizes proprietary information of
the Company for private gain, for example insider trading, irrespective of
whether or not this activity was conducted by an employee directly or indirectly
via third parties.
? All business decisions must be made and all business activities must be
conducted, in the best interests of the Company. Employees should avoid any
action which may involve, or may appear to involve, a conflict of interest with
the Company. No employees may have any financial or other business
relationships with suppliers, customers or competitors that might impair, or even
appear to impair the independence of any judgment they may need to make in the
best interests of the Company.
- 10 -
2-2. We protect and respect intellectual properties of the Company and others
? The Company will ensure that its employees will not disclose the intellectual
property of individuals, corporate customers and business partners to third parties
without the owner’s prior consent.
? The Company will ensure that any proprietary information acquired through its
business activities shall be recorded and safely kept and managed as intellectual
property.
? The Company will respect the intellectual property rights of third parties, such as
patents, copyrights and trademarks, and shall not intentionally infringe or
improperly use such intellectual property.
? The Company will ensure that due attention is paid to the security of its
intellectual property during the course of telephone or other communication with
external parties, and in the management of various data storage facilities.
2-3. We create a sound organizational atmosphere
? The Company has zero tolerance for any type of behavior that may offend or
cause unpleasantness to other employees. Such behavior includes, but is not
limited to sexual harassment, as well as all other forms of harassment, physical
assault, or any personal request or conduct that conflicts with national, state or
local law, or the Company’s policies and procedures.
- 11 -
? The Company will endeavor to maintain and develop a mutually cooperative
relationship between management and employees, based on law, business ethics
and mutual respect.
2-4. We maintain the dignity of Samsung Electronics in our external activities.
? During the term of employment at the Company, an employee is not permitted to
simultaneously maintain employment with a third party or otherwise be engaged
in outside business activities when such employment or activities prevent the
employee from fully performing work, including overtime assignments, for
which he or she is employed, unless otherwise agreed by prior consent.
? The Company requires that employees obtain the Company’s prior approval
before disclosing the Company’s confidential proprietary information to third
parties.
? The Company will not allow its officers and employees, while in office, to act as
members of boards of companies with conflicts of interest or participate in
competitive business activities.
- 12 -
Principle 3. We respect customers, shareholders and employees
3-1. We put priority on customer satisfaction in management activities
? The Company will endeavor to reflect and give priority to the requirements and
recommendations of customers for the improvement of product design,
distribution, and service.
? The Company will make every effort to engage with its customers in a polite and
equitable manner based on its belief that “Samsung Electronics exists because of
its customers”.
? The Company will respect the customer’s right to choose by refraining from
exaggerated advertisements or coercive sales techniques, which could mislead
customers with regard to the quality, function and specifications of product or
service.
? The Company will endeavor to reach just resolutions of customer-related
disputes and will respond to the complaints of customers in a transparent, timely
and effective manner.
3-2. We pursue management focused on shareholder value
? The Company will actively pursue increases in investment return for shareholders
by maximizing profits through transparent and sound management.
- 13 -
? The Company will honor its responsibility to shareholders and interested parties
by announcing major financial and corporate information in good faith and in a
timely fashion.
? The Company, in accordance with applicable law, will accept and sincerely
consider legitimate petitions from external shareholders.
3-3. We endeavor to improve our employees’ quality of life
? The Company will offer equal opportunities to all employees and treat them
justly based on their ability and achievement.
? The Company will support continuous learning and employee development.
? The Company will provide a working environment in which personal initiative
and creativity are encouraged.
- 14 -
4-1. We pursue environment friendly management
? The Company will make every effort to comply with international environmental
standards, national, state and local laws and regulations relating to the
environment and internal environmental regulations within all of its global
business operations.
? The Company will actively attempt to minimize the generation of harmful
materials, utilize resources efficiently and recycle waste products for the benefit
of the environment.
? The Company will do its best to conduct environmental improvement activities
throughout the whole process of product development, production, distribution,
sales and disposal.
4-2. We value the health and safety of human beings
? The Company will comply with international standards, related laws and
regulations, and internal regulations governing the health and safety of its
employees by providing safety education and training at regular intervals.
Principle 4. We care for the environment, health, and safety
- 15 -
? The Company will consider to the health and safety of customers in all business
activities including product development, production, distribution, sales and
disposal.
? The Company will clearly inform customers regarding the safe usage and
operation of its products or services.
? The Company will endeavor to deal promptly with the discovery of any fault in a
product, which could pose a threat to the safety of customers.
? The Company will make every effort to identify and eliminate any safety hazard
found at any of its business sites, and will maintain a clean and safe environment.
Principle 5. We are a socially responsible corporate citizen
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5-1. We sincerely execute our basic responsibilities as a corporate citizen
? The Company will endeavor to create stable employment and to faithfully fulfill its
tax and other legal obligations.
? Employees are encouraged to ethically and conscientiously carry out their job
duties and responsibilities. By doing so, employees will assist the Company in
establishing itself as a responsible and trustworthy corporate citizen.
? Employees are encouraged to endeavor to build trust within the local community
by fulfilling their duties and responsibilities.
5-2. We respect the social and cultural values of local communities and practice co-
existence
? The Company will respect the laws, culture, values and beliefs of the local
communities in which it operates, and shall contribute to the improvement of the
quality of life of local residents.
? The Company, as a global corporate citizen, will contribute to promote and
support public-interest activities such as academic advancement, art, culture and
sports.
? The Company will actively participate in social services such as volunteer
activities and disaster relief.
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5-3.We build up relationships of co-existence and co-prosperity with business partners
? The Company will acknowledge its business partners as strategic partners based on
mutual trust, and will pursue the shared value of customer satisfaction.
? The Company will select business partners in accordance with business objectives
by applying fair standards without discrimination.
? The Company will make efforts to support the growth of business partners’
competitiveness and development.
? The Company will actively encourage business partners to fulfill their own social
responsibilities with respect to safety within the workplace and the individual
rights of their employees.
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