Definition of CP(Compliance Program)
CP(Compliance Program) is a compliance system and code of conduct that companies operate to voluntarily comply with fair trade-related laws in their economic activities. By doing so, we are establishing a system that can prevent risks in advance in case of violation of fair trade-related laws and standards of conduct.
Significance of CP
Compliance Program, Fair Trade Voluntary Compliance Program refers to a process program established and operated by the company itself.
By presenting clear and specific behavioral standards for voluntary compliance with fair trade, it prevents employees from unintentionally violating the Fair Trade Act, and at the same time relieves anxiety and inability to identify violations which can happen. On July 5, 2001, the Fair Trade Order Voluntary Compliance Committee conducted a CP rating evaluation by presenting seven key elements suggested by the Code of Conduct, which the business community recommended to voluntarily implement. Alteogen provide incentives to companies with Grade A or higher according to its results.
① The CEO’s will and policy for self-compliance
② Manpower and budget support from top management, including appointment of a compliance manager
③ Production and distribution of voluntary compliance manual
④ Implementation of CP education and training
⑤ Operation of pre-monitoring system for self-compliance
⑥ Personnel sanctions and incentive system operation
⑦ Evaluation and improvement of CP operation, etc.