I recognize and respect that the customer comes first, and work to earn trust in the Company through customer satisfaction.
I work for mutual prosperity with shareholders, investors and partner companies, so that our shared benefit is maximized.
In accordance with the principle of free competition, I comply with laws and regulations and contribute to society for the abundant life of the people.
I faithfully carry out the moral ethics a company must uphold, and the Company respects the dignity of its officers and employees and treats them fairly.
In marketing activities I raise the honor of the Company through fair practice and right conduct.
With uncommon passion and a spirit of challenge, I practice continuous self-development and fulfill my mission through the performance of my duties.
Article 1 (Purpose)
The purpose of these Regulations is to set out the matters necessary for the officers and employees of KMPCosmetics (hereinafter "the Company"; in these Regulations "officers and employees" means all persons engaged in the Company's business) to comply with all laws and regulations on an ethical foundation, to build an ethical corporate culture, and to realize transparent and accountable management.
Article 2 (Definitions)
The terms used in these Regulations are defined as follows.
1. "Ethics" means the principles that distinguish right from wrong and good from evil, and the system of values that serves as a standard of conduct, being the duty a person ought to perform and observe.
2. "Ethical management" means management that actively reflects the following.
1) Management in which all of the Company's business activities voluntarily observe not only the law but also the ethical standards formed by social norms
2) Management in which internal control systems and institutional arrangements are in place so that all decisions within the Company and the conduct of officers and employees are ethical and lawful
3) Management in which a self-monitoring system is established to prevent unethical or unlawful conduct
3. "Code of Ethics" means the values and goals to be pursued in fulfilling one's role in the mission of love and light as a member of a company of trust, and the basic spirit and standard of value judgment for management as a whole.
Article 3 (Principles)
Officers and employees shall comply with laws and regulations and act ethically in all that they do.
Article 4 (Scope of Application)
(1) Officers and employees shall strictly observe the matters prescribed in these Regulations.
(2) The Company shall establish and operate the organization and systems necessary for ethical management as prescribed in these Regulations, and shall establish and implement related internal rules.
Article 5 (Code of Ethics)
The Ethical Management Committee shall establish a code of conduct to realize the Code of Ethics (Appended Form No. 1), and may separately set detailed standards of conduct.
Chapter 2 Organization and Training
Article 6 (Organization)
(1) The Company may establish an Ethical Management Committee to oversee ethical management as a whole, including deciding ethical management policy and enacting related regulations.
(2) The Ethical Management Committee under the preceding paragraph may receive support from the administration department in handling its work, and a small number of ethical management officers with specialist knowledge may be placed in that department.
(3) The ethical management officers under the preceding paragraph shall perform the following duties in relation to ethical management.
1. Establishing and executing ethical management plans
2. Publishing and distributing ethical management manuals such as guidebooks
3. Establishing and carrying out ethical management training plans
4. Operating the ethical management suggestion and reporting center
5. Handling reports of violations and requesting sanctions against violators
6. Providing counseling and advice on questions concerning ethical management
7. Other matters the Ethical Management Committee deems necessary
Article 7 (Education and Training)
The Company shall provide training so that officers and employees understand the content of ethical management and are familiar with the key laws and compliance requirements relating to their work.
Chapter 3 Internal Control
Article 8 (Internal Control)
The Company shall ensure that officers and employees comply with the regulations relating to ethical management, and shall operate an internal control system capable of preventing violations or detecting them early.
Article 9 (Reporting and Handling of Violations)
(1) When officers or employees become aware that an officer or employee has committed an act in violation of ethical management, they shall report it to the CEO immediately, and where they judge that a violation is likely, they may provide that information.
(2) A person wishing to report a violation shall provide the reporter's personal details, the subject of the report, the violation and its supporting evidence.
(3) The CEO shall investigate and verify the reported content and take appropriate measures such as sanctions and system improvements.
(4) A person reporting a violation shall be protected from disadvantage, and rewards or other favorable measures may be granted where necessary.
Article 10 (Inspection and Investigation)
(1) The CEO may inspect and investigate whether officers or employees have committed acts in violation of ethical management or have violated the related regulations.
(2) The conduct of inspections and investigations and the resulting dispositions shall follow the internal rules relating to internal control.
Article 11 (Measures against Violators)
Where an officer or employee commits an act in violation of ethical management or violates these Regulations, disciplinary or other measures may be taken as prescribed in the personnel regulations and personnel rules.
Chapter 4 Ethical Management Committee
Article 12 (Role)
The Ethical Management Committee (hereinafter "the Committee") is the highest decision-making body for the implementation of ethical management. It builds an ethical corporate culture and manages the Company's ethical management policy decisions and evaluations.
Article 13 (Composition)
(1) The Committee shall consist of the CEO, the executives and such other members as are necessary.
(2) The Chair shall be the CEO.
(3) In the absence of the Chair, the duties shall be performed on an acting basis in the order determined by the Committee.
Article 14 (Duties)
The Committee shall deliberate on and resolve the following matters.
1. Deciding ethical management policy
2. Establishing, amending and repealing the code of conduct and standards of conduct under the Code of Ethics
3. Establishing, amending and repealing detailed rules relating to the implementation of these Regulations
4. Matters concerning the evaluation of ethical management practice
5. Other matters the Board of Directors or the Committee deems necessary
Article 15 (Meetings)
The Committee may be convened at any time when the Chair deems it necessary.
Article 16 (Method of Resolution)
(1) Resolutions of the Committee shall be adopted by the attendance of a majority of the members in office and the affirmative vote of a majority of those present.
(2) Matters resolved by the Committee shall be reported to the Board of Directors.
Article 17 (Attendance of Interested Parties)
(1) Where the Chair deems it necessary, officers, employees or outside persons may be asked to attend the Committee so that their opinions may be heard.
(2) A member with an interest in a matter submitted to the Committee may not attend the meeting.
Article 18 (Secretary)
The Secretary of the Committee shall be appointed from among the necessary members, shall oversee preparations for convening the Committee, and shall assist the Chair in the conduct of proceedings.
Article 19 (Minutes)
(1) The minutes of the Committee shall be prepared by the Secretary.
(2) The minutes shall record the agenda, a summary of the proceedings and the results, and shall be signed and sealed or signed by the members present.
Chapter 5 Supplementary Provisions
Article 20 (Cooperation with Other Departments)
Where regulations relating to ethical management are established or amended, the head of the audit department shall be notified.
Article 21 (Establishment of Rules)
Detailed matters concerning the implementation of these Regulations shall be determined by the Ethical Management Committee. Matters delegated by these Regulations and by the Committee, together with other matters for the practice of ethical management, may be separately determined by the Secretary.
Article 22 (Establishment and Amendment)
Establishment or amendment of these Regulations requires a resolution of the Board of Directors. However, the CEO may make the amendment where it does not entail a substantive change in content, such as a change of terminology following an amendment to laws or internal rules, a simple change in organizational structure, or other structural changes or textual corrections.
Addendum
Article 1 [Effective Date]
These Regulations take effect on 1 May 2019.
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[Appended Form No. 1] Code of Ethics
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