Compliance Management

We operate with trust and do the right thing

Code of Ethics

Genosco Inc. Code of Ethics
CHARTER OF ETHICS

We shall aim in pursuit of mutual prosperity with stakeholders through progressive and efficient management, and we shall engage a corporate culture including customer satisfaction, corporate innovation, and talent development by fair and transparent management.

We shall be in pursuit of the world's best company through the copper-bottomed corporate ethics and fair organizational culture, and we shall make a great effort to develop new technologies and the best quality of products and services with trustworthiness by the international society.

To that end, we shall establish our own codes of ethics to bring forward business standards that keep the right manner of business with transparent management, and the code shall be the baseline for ethical decisions of employees.

First, 
we shall respect all employees with trust and affection, and we esteem personal dignity of each employee. In addition, we shall assist employees to enhance quality of life and flourish their selves.
Second, 
we shall commit to engage protect customer’s benefits, safety, and privacy, and we shall contemplate customer satisfaction as the first.
Third, 
we shall admire all stakeholders mutually to be based on the principles of co-prosperity and co-existence, and we shall contribute to sustain fair trade system.
Fourth, 
we shall comply with various laws and regulations, which relate domestic and international, and we shall fulfill full responsibilities as a local community member to protect the lives of sound citizens.
Fifth, 
all employees shall contribute to development of company with the pioneer spirit and the innovated approaches, and they should strive to keep featly personality and the honor of company by high ethical value.
Code of Ethics
Chapter 1. Ethics for Employees
Article 1 [Respect for human dignity]
1.
We shall respect human dignity, preserve the basic right of human, and conserve privacy.
2.
We shall endeavor those employees to achieve pride and rewarding in the work by fair evaluation of abilities and results.
3.
We shall give equal opportunities in personnel management for hiring and promotion regardless race, nationality, gender, age, religion, educational background, disability, and so on. Any kind of discrimination are not allowed in the company.
Article 2 [Creation of working in the better environment]
1.
We shall establish systems and policies that all employees could perform tasks in a legitimate manner.
2.
We shall found employee training systems to cultivate professional and creative talents, and we shall establish creative works environment through positive communications.
3.
We shall provide secure environment that all employees can work safe and healthy, and we shall actively endeavor to improve quality of life (healthy, education, benefits) for employees and families.
Chapter 2. Ethics for Clients (Customers)
Article 3. Respect of Clients
1.
We shall aim to get customer satisfaction as our priority, and we humbly accept all claims of customers and provide the best technologies and services by the ultimate standard of judgment through customer’s expectation and demand.
2.
We shall refrain from falsehood or exaggerating information in the business activities, and we shall furnish accurate information regarding the technologies and services.
3.
We shall lead the development of human society by creating brand-new value through ceaseless innovation and R&D.
Article 4 [Customer Protection]
1.
We shall strive to be based on honesty and transparency to achieve customer’s trust and respect.
2.
We shall commit to protect customers’ privacy, benefits, and safety.
Chapter 3 Ethics for Stakeholder
Article 5 [Protection of Shareholders' Interests]
1.
We shall promote maximizing stockholders’ benefits by transparent and fair business activities and preserving sound management.
2.
We shall respect stockholders’ suggestions and claim and protect all stockholders’ rights including minority stockholders in terms of fairness and equality.
3.
We shall build mutual trust with stockholders by providing management information, and we shall be no provision of undisclosed information to some specific shareholders in favor.
4.
We shall disclose management information, including accounting information in a legitimate and timely manner, and we shall support information users to make investment decisions reasonably.
5.
We shall avoid taking all stockholders’ toll by employees' unconscionable benefits by internal information from work.
Article 6 [Mutual trust with partners]
1.
We shall pursue joint development with subcontract partners, and all parties build cooperative relationships in the trust.
2.
The selections of partners shall be transparent and fair, and we shall avoid exercising any kinds of unreasonable power or unjust pressure by the favorable position.
Article 7 [Fair competition with competitors]
1.
We shall respect all competitors, and we shall fairly compete in the principle of free competition by proper methods and our own abilities.
2.
We shall cast away any unfair trades and endeavor to comply with related laws of fair competition.
Chapter 4 Social Ethics
Article 8 [Compliance with laws and regulations]
1.
We shall respect all social values from culture and traditions, and we shall comply with various laws and regulations of international and communities in business activities.
2.
We shall pursue profits by legitimate and fair business activities, and we shall respect commercial morals in all business activities.
3.
We shall avoid providing or requesting any fraudulent consignment, bribes, and lobbying to all interest parties in connection with the business activities.
Article 9 [Contribution to social development]
1.
We shall strive to implement the social responsibilities that are required as a member of society through sound corporate ethics, and we shall pursue cooperation, partnership, and joint development with local communities.
2.
We shall contribute to the development of society through sincere tax payments and creating jobs via fair and transparent management.
3.
We shall participate in social service, disaster relief, and social enlightenment as part of corporate social responsibilities.
Article 10 [Environmental protection and safety]
1.
We shall aim for eco-friendly business activities, and we shall endeavor to preserve nature and protect the environment.
2.
We shall strictly comply with safety-related laws and regulations for founding a safe work environment, and we shall aware that it is directly linked the social safety.
Chapter 5 Basic ethics of employees
Article 11 [Establishment of corporate culture]
1.
We shall share the goals and values in pursuit by the company, and we shall strive to works the match with the company's values and objectives with the awareness of authority and responsibility.
2.
We shall comply with the laws and regulations in the performance of the works, and we shall refuse unethical and illegal activities that may be subject to social condemnation.
3.
All employees shall devote efforts to creating a sound organizational environment with communication and mutual trust, and all employees shall respect the personality of each employee.
Article 12 [Fostering of Healthy Work Environment]
1.
We shall disallow any kinds of discrimination against race, nationality, gender, education, age, religion, disability, etc. among employees.
2.
We shall refrain from sexual harassment physically, linguistically, and visually that occurs in sexual humiliation, and we shall disallow any sexual harassment actions that are illegitimate impinging human rights.
Article 13 [Capability for Work Duties]
1.
We shall pursue continual innovation of ourselves through respect to personal autonomy, creativity, and challenge spirit.
2.
We shall relentlessly endeavor self-development to materialize the highest level of competitiveness for adapting to the rapidly changing business environment, and we shall maintain the optimal business execution ability for continuous R&D of the work in charge.
3.
We shall spare no effort to support the development of the skills of employees and strive to mutually develop through the sharing of technology and information.
Article 14 [Information protection]
1.
We shall deal with information comes from the works is managing legitimated processes and retain security, and the information shall not be disclosed without pre-approval or permissions even during employment or after retirement.
2.
We shall collect the information of customers and competitors in legitimated and proper manners, and we shall avoid pursuing personal interests by acquired information from internal or external works.
Article 15 [Protection of Intellectual Property Rights]
1.
We shall respect the rights of others and protect our own rights at the same time. and we shall recognize the importance of intellectual property including business secrets.
2.
We shall strive to obtain and maintain the intellectual properties of the company, and we shall process with the approvals of board members and management in case of providing intellectual property for the 3rd parties.
3.
We shall respect the intellectual property rights of third parties, and we shall avoid impinging intentionally or using illegitimated manner to protect impairing the company.
Article 16 [Conflict of Interest]
1.
We shall strive to prevent conflict with the interests of the company by personal benefits or relationships.
2.
We shall give priority to the interests of the company in case of conflict between the individual and the company or colliding with different departments.
3.
We shall clearly distinguish private and public and carry out the works except for the personal feelings and interests, and we shall avoid in pursuit of personal interests by the position.
4.
We shall abstain from unlawful activities including bribes, favors, and preferential treatment indirectly or directly in the business activities.
5.
We shall refrain from investments or monetary transactions to vendors or organizations that related the works.
6.
We shall report possibilities, which are possible to conflict with personal interests and company, to the head of departments and be excepted from decision making regarding the transactions, and we shall avoid making transactions with companies that are operated family members or hire family members.
7.
We shall avoid interfering with the works of the company, such as dual employment or a sideline.
Article 17 [Use of company assets]
1.
We shall manage and prevent misusing, missing, and theft, and we shall refrain from using the company assets personally.
2.
We shall be prohibited from transmitting, copying, storing, installing, and using illegal software. and We shall disallow operating personally purchased software for the company tasks.
3.
We shall refrain from misusing and embezzlement of tangible or intangible properties for any of reasons.
Article 18 [Political activities]
1.
We shall respect Employees' individual political views, but we shall caution against misunderstanding the standpoint of the company by personal views.
2.
We shall avoid political activities within the company, and the company shall prohibit using organization, manpower, assets for political objectives.
Article 19 [Compliance with the Code of Ethics]
1.
We shall comply with the Code of Ethics, and officers and managers shall bear to supervise compliances of their staff.
2.
We shall endeavor to practice the code of ethics actively and do our best to establish ethical management as the well-intentioned surveillance.
3.
In case of violations of the codes of ethics, the company shall discipline employees by the company's policies, and the management shall investigate the causes, train employees, and establish measures to prevent the recurrence of violations.
4.
If we were forced or recognized to violate the code of ethics internally or externally, we should report to management immediately. As a result, the management shall guarantee the employees' anonymity and protect from disadvantages due to the provision of information, and the management establishes measures to prevent recurrences.
Article 20 [Exemption from the Code of Ethics]
1.
If the employees encounter unavoidable situation, the code of ethics shall be exempted.
2.
The exemption of the code of ethics shall be allowed only with approvals from the board members or the appropriate committee within the board of directors.
Supplementary Provision
Article 1 [Effective Date]
The regulation shall be in effect on and after Jan. 1st, 2024.