A fundamental virtue of in its very culture, Hanwha Chemical ⓒ adheres to the strictest ethical standards. Hereby delineated Outlined here, are Hanwha's standards that spanning the entire enterprise corporation,ourits 'codes of conduct' with its impact reaching through organizational management, as well as and a report on the progress made by the these efforts thereof.
Doctrine of Hanwha's Ethical Operations coctrine
Dear Members of the Hanwha Chemicalⓒ Family With only two years having passed since the Enron scandal in the United States, we have also stood witness to the recent misfortune befallen the SK group from subsequent domestic news coverage. Both cases demonstrated how corruption and amoral business practices detract from corporate prosperity. Such notorious events notwithstanding, publicly run enterprises- particularly those of relevance and significance- rightfully owe it to society at large, to shoulder higher ethical responsibilities. On that note, Hanwha Chemical ⓒ 's reputation for internal loyalty and ethical business practices allowed us to survive the post 90's whirlwind of competition that rendered much of the domestic field in shambles. It is necessary for us to recognize that this self-protection, strengthened by our hard-earned relationships with business affiliates and clients has been the basis for our success.
Esteemed friends, Recent efforts by both local and international companies to implement ethical standards in their corporate setting, has triggered a rush to begin widespread strengthening in internal regulations. This, in effect, creates leeway for conceivable employee violations of industry and other guidelines, as well as damage to corporate image and finances in the future. The executive members of Hanwha Chemical ⓒ have historically pursued moderation in their concerted strategic operations on the basis of company loyalty, but we hereby declare a new age of improved ethical business operations. As companions in the pursuit, we ask that you join our intensified and collective effort to secure customer satisfaction and in the practice of transparent and fair company operations. In accordance with this declaration of company-wide improvement, Hanwha Chemical ⓒ is taking practical measures by creating an independent team dedicated to this very issue, implementing updated ethical standards that will serve extensively as a platform for transformation.
