Ethics and Compliance Management
Ethics and Compliance Management
MEMC Korea seeks to implement win-win management by creating a fair and transparent corporate
culture.
MEMC Korea aspires to grow into a trusted company that honors fair competition and free market
principles, makes contributions to the nation and society via ethical management that complies
with legal requirements and corporate ethics, and fulfills social needs.
Ethical Management
MEMC Korea promotes innovation driven by its talent and technology and hopes to become a preeminent global company that continuously contributes to human society by developing the best products and services.
Compliance Management
In order to integrate compliance management into the organizational culture, MEMC Korea has established principles, policies, standards, and regulations and is carrying out numerous activities such as education, inspection, assessment, and system operations.
The Responsible Business Alliance Code and the Code of Business Conduct (COBD), which bind all
GlobalWafers affiliates, serve as the cornerstones of MEMC Korea's ethical and compliance
management. Our ethical and compliance management is underpinned by COBD, a rule that was
enacted and announced nearly 20 years ago.
This regulation consists of a total of 28 items and lays forth guidelines for decision-making
on ethics and legal compliance that executives and employees may encounter while performing
their duties.
The RBA Code of Conduct outlines standards to manage five areas of corporate social
responsibilities (labor, ethics, management system, environment, and health and safety) that
should be observed in the global supply chain.
Code Of Business Conduct
Responsible Business Alliance Code
Core code of conduct to be observed by executives and employees (prohibited acts)
MEMC Korea has designated seven core codes of practice adopted by the two primary regulations and covered them in diverse ethics and compliance training.
- 01 The act of disrupting a healthy, normal working atmosphere
- 02 The act of manipulating documents and factors
- 03 The act of using company assets for personal use
- 04 The act of unauthorized leakage of company data or information without prior approval
- 05 The act of requesting, suggesting, or receiving compensation from interested parties
- 06 The act of using internal information for personal gain
- 07 The act that conflicts with company interests
Diagram of MEMC Korea’s ethical management system
Cyber Audit Office
Operating policy
MEMC Korea seeks to become a more transparent and honest company by applying ethical policies to all aspects of business operations. We will transform into a company loved by customers and internal and external stakeholders by creating a healthy organizational culture.
Operation information
MEMC Korea's Cyber Audit Office operates through various channels, including the website, phone, fax, and email, and is open to anyone, regardless of whether they are real or anonymous, internal or external.
Website: www.memc.co.kr, Ethics and Human Rights Center: 041-550-4859, fax: 041-550-4063, email: ethics@gw-semi.com
Report contents
- Violation of labor laws (sexual harassment, bullying, etc.)
- Violation of the laws on fair trade
- Dispute mediation
- Violation of anti-corruption laws
- Violation of trade secrets
- Violations of other laws (information protection laws, accounting-related laws, other cases of fraud or negligence, etc.)
Obligations to report and protection of informants
Obligations to report
If employees and internal and external stakeholders encounter or are suggested to engage in
unethical or illegal conduct, they must immediately consult with and report it to their
superiors or staff in the Ethics and Human Rights Center.
Reports are received and handled confidentially, and the identity of the informant and the
content of their reports are rigorously safeguarded in compliance with the Informant Protection
Regulations.
Regulations for Informant Protection
Non-disclosure
- The identity of the informant will be anonymized for their security and will not be released even after the case has been handled if they have not given their approval for the disclosure.
Request for personal protection
- Refusal or reporting of instructions or coercion to engage in unethical behavior should not be the basis for any disadvantage in personnel matters, and executives and employees who are disadvantaged in personnel matters for such reasons may request protection (change of job, etc.) from the ethics organization.
Reduction or exemption from punishment and recommendation for rewards
- If a person self-reports his or her unethical acts, punishment and disciplinary action will be exempted or reduced.
- Depending on the significance of the report, rewards and bonus points in personnel evaluations may be given.