Chong Kun Dang Pharmaceutical Corporation

07/26/2022 | Press release | Distributed by Public on 07/25/2022 18:01

Implementation and Operation of Compliance Program of the Fair Trade Commission

Implementation and Operation of Compliance Program of the Fair Trade Commission
1. Title Chong Kun Dang Co., Ltd.'s operational performance in Fair Trade Compliance Program (CP) for 1H2022 and operational plan for 2H2022
2. Key Details ■Main activities for CP operation for the first half of the year

1) Expansion of compliance culture
- Fair Trade Compliance Declaration Ceremony (January)
- Dissemination of compliance message of the CEO (January)
- Full-time employees' pledge of ethical management and pledge of sales department's integrity sales activities (January)
- CP menu was added in the English website (March)

2) Establishment of CP standards and procedures
- Publication of the 6th revision of the Voluntary Compliance Manual (January)
- Production and distribution of the CP guide pocketbook (January)
- ISO37301 (Compliance Management System) policy and the appointment of supervisor (board of directors) (April)

3) Implementation of continuous and systematic compliance trainings
- The 126th new employee compliance and ethics training (March)
- CP and anti-corruption training for frequently hired employees (quarterly)
- CP training and special training for each sales office (February-March)
- Training for ISO37301 (Compliance Management System) internal reviewers (June)

4) Strengthening of monitoring and communication with affiliates
- Frequent monitoring of expenditure report registration details
- DD and audit response by affiliates
- Operation of CKD CP Committee and affiliates' operation of Compliance Committee (frequently)

5) External certifications and activities
- Application for CP rating evaluation by the Fair Trade Commission (April)
- Attendance in KPBMA's first half ethical management workshop (May)
- Participation in CP Symposium hosted by the Fair Trade Commission (June)

6) Effectiveness evaluation and continuous improvement
- Issuance of a warning letter for CP violators and forwarding to the personnel committee depending on the case (frequently)
- Improvement of exhibition and advertisement result reporting process (May)

■Major plans for CP operation for the second half of the year

1) Expansion of compliance culture
- Electronic disclosure of fair trade compliance program operation results (July)
- Report to the board of directors on CP's major activities (November)

2) Establishment of CP standards and procedures
- ISO 37001 / ISO37301 manual/procedure integration (July)
- Identification of compliance obligations by department and risk assessment (August)

3) Implementation of continuous and systematic compliance trainings
- Partners' CP training (July)
- Training for ISO37301 (compliance management system) supervisor and manager by department (July)
- Online CP training for all officers and employees (July)
- CP and anti-corruption training for frequently hired employees (quarterly)

4) Strengthening of monitoring and communication with affiliates
- Intensive monitoring of expenditure report related details (November)
- Operation of CKD CP Committee and affiliates' operation of Compliance Committee (frequently)
- Affiliates' DD and Audit (September, December)

5) External certifications and activities
- ISO 37001 & ISO 37301 integrated certification completed (November)
- Completion of CP rating evaluation (December)

6) Effectiveness evaluation and continuous improvement
- Violation related detection and sanctions via regular and ad hoc monitoring (frequently)
- CP questions for promotion exams and compliance awareness evaluation for competency evaluation (October)
- Selection of excellent CP department in 2022 (December)
3. Decision Date 2022-07-21
4. Other references useful for making investment decisions -
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