Ethical Management System

Ethical Management Organization
Daejoo Electronic Materials’ ethical management organization consists of the Audit Committee, Ethics Committee, and ESG Committee, which are the BOD sub-committees. The Ethics Committee is dedicated to the ethical management operation. With the goal of promoting the development of the local community as well as quality, safety, and employees’ health, it prepares legal and ethical criteria in relation to customers, suppliers, competitors, and employees. Based on the criteria, the Committee strives to pursue the Company’s profit, foster healthy corporate citizenship, and achieve social contribution. Daejoo Electronic Materials operates a whistleblowing system through which any stakeholder, such as employees, customers, suppliers, and local community, can report corruption cases or unfair trade practices. The whistleblower’s identity is kept strictly confidential. In addition, a full-time monitoring system is operated to prevent accidents and spread of the damages caused by accidents.

Whistleblowing Process

Daejoo Electronic Materials operates a whistleblowing system through which any stakeholder, such as employees, customers, suppliers, and local community, can report corruption cases or unfair trade practices. The whistleblower’s identity is kept strictly confidential. In addition, a full-time monitoring system is operated to prevent accidents and spread of the damages caused by accidents.

Ethics Charter

Principle of Ethics and Code of Conduct

Based on ethical and moral values, employees of Daejoo Electronic Materials respect the market order of free competition that aims for fair, transparent competition and faithfully perform their roles and responsibilities as members of a company trusted by society and nation through corporate activities that comply with the statutes. With ethical management as our highest value, we do not compromise it under the justification of the Company’s profit. This is our will to become a trusted and respected company by faithfully complying with the principles of ethics and code of conduct and making promise to all stakeholders. We are committed to implementing the principle of ethics as the standard for all our operations.

Principle of Ethics

To practice ethical management for all stakeholders including customers, employees, shareholders, investors, and society, Daejoo Electronic Materials complies with the principle of promise to customers, promise to employees, promise to shareholders and investors, promise to society, and promise to suppliers.

Promise to Customers

Promise to Employees

Promise to Shareholders and Investors

Promise to Suppliers

Promise to the Society

Standards of Conduct

Ethical Management Code of Conduct

All employees of Daejoo Electronic Materials have dignity and value as human beings and the right to pursue happiness in relation to the provision of work. Having established our ethics, human rights, and labor policies on the basis of the RBA Code of Conduct, we aim to continuously implement the policies.

Daejoo Electronic Materials Company Rules (Corporate Philosophy)

Regulations for HR Policy Management according to the Corporate Social Responsibility

Ethical Management Programs

Ethical Management Practice

Through ethical management programs, Daejoo Electronic Materials strives to prevent legal sanctions, financial losses, damage to reputation, etc. caused by violation of ethics and matters for compliance. We disclose the Ethics Charter—which stipulates the responsibilities and duties for ethical management practice—on the website.

Ethical Management Programs

Employee Ethics Rules

Management System Manual

Daejoo Electronic Materials operates a systematic management system manual to carry out its management activities efficiently and achieve sustainable growth. This manual provides guidelines to ensure all management activities are performed consistently and effectively. The key content of the manual is as follows:

• Management Policy and Goal Setting: Daejoo Electronic Materials sets management policies each year, along with clear goals for the policy implementation. In this process, the opinions of each division are reflected, and the goal fulfillment is assessed on a regular basis to identify areas requiring improvement.

• Work Procedures and Responsibilities: For all management activities, a set of clear work procedures and responsibilities are defined. Each division performs operations according to the manual and thereby maximizes management efficiency and minimizes risks.

• Performance Management: With the management system manual containing performance management guidelines, a system for fairly evaluating and rewarding employees’ performances has been established. Using the system, Daejoo Electronic Materials motivates employees and supports them to achieve the organizational goal.

• Sustainability and Ethical Management: As part of the effort for sustainable development, Daejoo Electronic Materials includes guidelines for ethical management and social responsibilities in the management system manual. All management activities are performed in a direction to fulfill our social responsibilities with our ethical values reflected.

Daejoo Electronic Materials Management System Manual

Customer Ethics

Response to Internal and External VOCs

Daejoo Electronic Materials’ policy for response to the internal and external VOCs is as follows:

• The Quality Control Division shares information on customers’ requirements or regulatory requirements concerning hazardous substances with the relevant personnel or general employees in need of such information through email or by using the quality noticeboard of the Intranet groupware. The list of hazardous substances is updated in January and July each year.

• The change, removal, etc. of materials containing environmentally hazardous substances are handled according to the change management regulations, and the results of reanalysis on hazardous substances are shared with customers.

• When environmentally hazardous substances are detected or suspected to be included in products as well as raw and subsidiary materials, the matter is handled according to the regulations for nonconforming product control and the regulations for corrective and preventive actions. If such products have already been delivered to customers, the respective customers are notified accordingly.

• In case information on environmentally hazardous substances is requested, the Quality Control Division responds to the request through cooperation with the Development Team and the purchasing officer.

Customer Privacy Protection

Daejoo Electronic Materials conducts strict management for customers’ privacy protection. As a result of our effort, no privacy violation or data loss-related complaints have been made in the past three years (2021–2023).

Substantiated Complaints Concerning Breaches of Customer Privacy and Losses of Customer Data

Ethical Management Internalization

Ethical Management Training

Daejoo Electronic Materials provides ethical management training to all employees once a year. Ethical management training materials are distributed to each division for voluntary team-unit training. We also collect signatures from all employees to ensure their completion of the training.