Governance

Governance 01 · Our board

1. How our board works

Our governance is built around the board of directors, with the independence and expertise needed to support sustainable growth. Transparent decision-making, backed by checks and balances, helps maximize company value and protect the rights and interests of all shareholders and stakeholders fairly.

1-1. Our board principles

Independence and oversight

We safeguard the board's independence so it can provide objective oversight and hold management accountable. Outside directors help keep decisions fair, objective, and free from bias toward particular interests.

Expertise and diversity

We appoint directors with substantial experience and expertise in industry, technology, finance, accounting, law, and other fields. We select directors without discrimination based on gender, age, or nationality. These diverse perspectives inform the board's review and approval of our key medium- and long-term strategies.

Transparent decisions and shareholder communication

We hold regular and special board meetings in accordance with applicable laws and board rules. To build trust with shareholders and investors, we disclose key business matters and board resolutions promptly and transparently, following the required legal procedures.

Governance 02 · Business ethics

2. Business ethics

Our Business Ethics Guidelines give employees and executives clear standards for making sound decisions at work. We comply fully with anti-corruption laws in Korea and abroad, take a zero-tolerance approach to unethical conduct, and promote a healthy workplace culture.

Policy

2-1. Business ethics policy

Integrity at work:
Our standards require employees to refuse instructions that compromise fairness, step aside from duties involving conflicts of interest, use budgets and assets only for their intended purposes, avoid improper influence over personnel decisions, keep transparent accounts, and protect information assets.
No improper benefits:
We prohibit using a position for improper gain, accepting money, gifts, or hospitality from stakeholders beyond customary limits, receiving benefits indirectly through a spouse or others, and trading on nonpublic information.
A respectful workplace:
We restrict borrowing money from stakeholders, excessive announcements of personal celebrations or bereavements, and the receipt of related money or gifts. We prohibit gambling, factional groups, and sexual harassment, and promote mutual respect among employees and executives.
Ethics risk management:
We assess risks relating to integrity, corruption, fair competition, and other ethical concerns across every site and activity, then put controls in place for each risk.
Fair competition:
We prohibit collusion and other anticompetitive conduct with competitors. We compete fairly under applicable laws and fair competition principles.

Pledge

2-2. Employee and executive ethics pledge

We do not accept improper payments, gifts, or financial benefits in our work.
We deal fairly with suppliers and other business partners. We do not engage in bribery, demand hospitality, seek improper business favors, or take other unlawful or improper actions.
We do not disclose company or customer information without authorization or misuse information obtained through our work.
We use business expense funds only for their intended purposes and do not submit improper expense claims.
We do not use company vehicles, property, or other assets for personal purposes without a legitimate reason.
We do not borrow money from colleagues or customers or accept rent-free use of their real estate.
We do not gamble, and we refrain from forming cliques based on family, school, or regional ties.
We do not engage in sexual harassment or other sexually humiliating conduct.
We do not engage in slander, verbal abuse, or other inappropriate behavior. We also do not ostracize others or otherwise disrupt work.

All employees and executives of Samjin LND

Governance 02 · Business ethics

2. Business ethics

Policy

2-1. Business ethics policy

Integrity at work:
Our standards require employees to refuse instructions that compromise fairness, step aside from duties involving conflicts of interest, use budgets and assets only for their intended purposes, avoid improper influence over personnel decisions, keep transparent accounts, and protect information assets.
No improper benefits:
We prohibit using a position for improper gain, accepting money, gifts, or hospitality from stakeholders beyond customary limits, receiving benefits indirectly through a spouse or others, and trading on nonpublic information.
A respectful workplace:
We restrict borrowing money from stakeholders, excessive announcements of personal celebrations or bereavements, and the receipt of related money or gifts. We prohibit gambling, factional groups, and sexual harassment, and promote mutual respect among employees and executives.
Ethics risk management:
We assess risks relating to integrity, corruption, fair competition, and other ethical concerns across every site and activity, then put controls in place for each risk.
Fair competition:
We prohibit collusion and other anticompetitive conduct with competitors. We compete fairly under applicable laws and fair competition principles.

Pledge

2-2. Employee and executive ethics pledge

We do not accept improper payments, gifts, or financial benefits in our work.
We deal fairly with suppliers and other business partners. We do not engage in bribery, demand hospitality, seek improper business favors, or take other unlawful or improper actions.
We do not disclose company or customer information without authorization or misuse information obtained through our work.
We use business expense funds only for their intended purposes and do not submit improper expense claims.
We do not use company vehicles, property, or other assets for personal purposes without a legitimate reason.
We do not borrow money from colleagues or customers or accept rent-free use of their real estate.
We do not gamble, and we refrain from forming cliques based on family, school, or regional ties.
We do not engage in sexual harassment or other sexually humiliating conduct.
We do not engage in slander, verbal abuse, or other inappropriate behavior. We also do not ostracize others or otherwise disrupt work.

All employees and executives of Samjin LND

1. How our board works

1-1. Our board principles

Independence and oversight

Expertise and diversity

Transparent decisions and shareholder communication

2. Business ethics

2-1. Business ethics policy

2-2. Employee and executive ethics pledge

Ethics reporting

Governance

1. How our board works

1-1. Our board principles

Independence and oversight

Expertise and diversity

Transparent decisions and shareholder communication

2. Business ethics

2-1. Business ethics policy

2-2. Employee and executive ethics pledge

Ethics reporting