Fair Trade Voluntary Compliance involves a company’s adherence to laws and regulations that ensure fair competition.
It is realized through a comprehensive compliance system to voluntarily comply with fair trade-related laws.
The Need for a Voluntary Compliance Program
a significant shift in management philosophy toward fair competition is required in these times.Fair competition is essential in corporate management and is becoming a global standard.
it is crucial to prevent corporate losses due to violations of the law.
Companies that violate the law face economic penalties, damages, litigation costs, and damage to their social image.
Executives and employees involved in these violations may also face civil and criminal charges. Therefore, the core of our Compliance Program (CP) is to establish a system to prevents such violations.
By introducing and implementing our CP, we practice transparent management, which in turn improves our corporate value.
01. Establishment and Implementation of CP Standards and Procedures
02. CEO’s Commitment and Support for Voluntary Compliance
03. Appointment of a Voluntary Compliance Officer
04. Production and Use of a Voluntary Compliance Handbook
05. Continuous and Systematic Voluntary Compliance Training
06. Establishment of an Internal Audit System
07. Sanctions against Executives and Employees who Violate Fair Trade Laws
08. Evaluation of Effectiveness and Improvement Measures
01. Role of the Fair Trade Act
02. Overview of the Fair Trade Act
03. Structure of the Fair Trade Act
04. Education Program
Improvement of Market Structure |
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Improvement of Transaction Form |
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01. Avoid discussing or seeking information about competitors’ pricing.
02. Do not discuss the following with competitors under any circumstances:
03. Leave immediately if price-related topics arise during a business group meeting.
04. Do not pressure or influence resellers to discount or increase prices
05. Do not interrupt or threaten supply for the following purposes:
06. Promote or sell our products based on their own merits Instead of tying sales
07. Refrain from making unilateral decisions regarding fair trade
08. Report any suspected violations of fair trade immediately. If you observe any behavior that may violate fair trade principles, regardless of your position within or outside the company, immediately notify the CP monitoring agent, CP dedicated team, or CP compliance officer.
09. Actively participate in the implementation of the company’s fair trade voluntary compliance program.