Anti-Corruption Compliance Program
SK E&C is committed to eliminating illegal or corrupt activities during overseas projects and strives to create a fair and law-abiding management environment.
For the effective and efficient fulfillment of our international anti-corruption commitment mentioned above, we established the Anti-Corruption Compliance Program. The Compliance Program is a set of procedures to promote the voluntary compliance of employees with the law and ethical standards, and is operated in order to establish a culture of compliance within the company.
Necessity : International awareness against corruption and increased requests for anti-corruption by business partners and customers. Preemptive prevention of legal and contractual risks and systematic response
Direction of operation : To foster anti-corruption culture in the company To prevent risks of corruption during transactions with business partners To introduce the anti-corruption activities of SK to external stakeholders
Expected effects : Increased trust internally and externally Survival in the global market Continuous evolution and development to ultimately improve corporate value
The Chief Compliance Officer is the top manager responsible for SK E&C’s enforcement of the Compliance Program (Anti-Corruption Compliance Program and Compliance Management). The Anti-Corruption Compliance TF team supports the Chief Compliance Officer regarding overseas anti-corruption issues and responds to requests or queries from customers or business partners, and also provides legal advice to employees regarding overseas anti-corruption issues. Furthermore, each department will include a Compliance Champion and Compliance Assistant to manage and supervise overseas anti-corruption issues and to assist the Anti-Corruption Compliance TF team.
|Commitment from Top Management||Through the CEO Message, SK E&C declared the management team’s resolute commitment to compliance with anti-corruption laws.|
|International Anti-corruption Policies||SK E&C enacted the “International Anti-corruption Compliance Policy” to set specific rules and standards for members to abide by in order to lead the entire company to comply with anti-corruption laws. SK E&C enacted the “International Anti-Corruption Policy for Joint Ventures and Consortiums” and the “International Anti-Corruption Policy for Subcontract Enterprise” to ethically and transparently carry out its business with business partners.|
|Due Diligence for Biz. Partner||SK E&C aims to minimize risks from third parties committing corrupt acts by executing due diligence on business partners and by requesting affirmation certificates of compliance with international anti-corruption laws.|
|Education Program||SK E&C educates its employees on international anti-corruption issues by implementing regular educational programs that are customized according to the compliance needs of the business department, project, and the employee’s position.|
|Internal Control System||SK E&C obliges its employees to consult the International Compliance TF team in advance whenever they face a compliance issue in carrying out international projects. Employees are also able to anonymously report violations of international anti-corruption laws to the Anti-Corruption Compliance TF team when they find them.|