Ethical management is a business principle that maximizes the enterprise value by reflecting the moral expectations required by our society to the company’s decision-making processes and behaviors.
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Understanding of Ethical Management
Ethical management means that a company maximizes its enterprise value by putting ethics on the highest priority in managing its business, making all decisions on business activities according to ethical standards and letting all employees and all parties concerned to perform their tasks fairly and transparently.
Therefore, ethical management is a business principle that thoroughly reflects the moral expectations required by our society including the compliance with laws to the company’s decision-making processes and behaviors. The ultimate purpose of ethical management is to enable long-term, stable and sustainable growth through markets’ and customers’ friendly evaluation on the company. -
Reliability and Transparency
Reliability and transparency of management has been already established as one of the most important enterprise evaluation criteria since a long time before. Companies that perform their business based on such reliability and transparency are growing into top-ranking companies. The global society also recognizes reliability and transparency as a basic principle of business administration and furthermore, requests every company to perform ethical responsibility to its local community, society and country.
Hyundai Corporation seeks to deal actively with the global business environment and optimize business operations through ethical management. For this, we will reestablish unreasonable elements and customs according to ethical standards and enhance our position as a company that receives trust and respect from all of the people concerned including customers, shareholders and employees.Reporting to 24 Center
Hyundai Corporation receives reports of unfair business practices or unreasonable demands using positions and corruption by executives and employees, and handles them in a strictly confidential manner. To promote correctness in reporting, slander against others that differs from facts and information that breaches privacy do not constitute proper reports, and advertisements that are not related to ethical management may be arbitrarily deleted. Your valuable words will bring transparency and valuable changes to the company. We will respond to reports as soon as possible.