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Compliance

ESG and sustainable management have emerged as key concepts in corporate management, highlighting the growing importance of a company’s social impact and responsibility. Globally, there is an increasing emphasis on anti-corruption, fairness, corporate reliability and transparency, environmental protection, information security, and the social responsibility of corporate management, reflecting a significant shift in the business paradigm.

Alteogen is continuously enhancing its compliance management system as a fundamental aspect of corporate social responsibility. Based on comprehensive compliance education, the company has refined its systems to ensure that a strong sense of compliance forms the foundation of all business decision-making processes across the organization.

The compliance management program is designed to reinforce responsibilities in areas such as human rights, corporate ethics, the environment, and health and safety. As a dynamic and growing biopharmaceutical company, Alteogen is committed to further strengthening compliance management to support ongoing sustainable growth and development.

Compliance Officer System
Alteogen operates a Compliance Officer system in accordance with Article 542-13 of the Korean Commercial Act.

Article 542-13 (Compliance Guidelines and Compliance Officers)
  • 1. A listed company determined by Presidential Decree in light of the scale of assets, etc. shall establish guidelines and procedures that their employees and directors must observe in order to abide by statutes and make the company appropriately when the employees and directors perform their duties (hereinafter referred to as "compliance guidelines").
  • 2. A listed company under paragraph ① shall have one or more persons responsible for duties related to abiding by the compliance guidelines (hereinafter referred to as "compliance officer")
  • 3. A compliance officer shall check whether the compliance guidelines are complied with and shall report the outcomes thereof to the board of directors.
  • 4. In order to appoint and remove a compliance officer, a listed company under paragraph ① shall obtain a resolution of the board of directors.

Introduction to CP (Compliance Program, Fair Trade Voluntary Compliance Program)

Definition of CP (Compliance Program, Fair Trade Voluntary Compliance Program)
The Compliance Program (CP), or Fair Trade Voluntary Compliance Program, is a compliance system and code of conduct operated by companies to voluntarily comply with fair trade-related laws and regulations in their business activities. By presenting standards of conduct for employees to follow competition laws, the CP establishes systems and guidelines to proactively prevent risks associated with violations of fair trade regulations.
Significance of CP (Compliance Program, Fair Trade Voluntary Compliance Program)
The Compliance Program (CP), or Fair Trade Voluntary Compliance Program, refers to an internal system established and operated by companies to ensure compliance with fair trade laws.
By establishing clear and specific standards of conduct for fair trade compliance, this helps prevent employees from inadvertently violating fair trade laws and alleviate concerns or uncertainties that may arise regarding potential violations.
On July 5, 2001, the Fair Trade Compliance Committee recommended that the business community voluntarily implement the Fair Trade Compliance Code of Conduct, which outlines seven core elements. Based on these elements, a CP (Compliance Program) rating evaluation is conducted, and companies that achieve an A grade or higher are provided with incentives.
  • 1. CEO’s commitment and policy for voluntary compliance
  • 2. Support from top management, including the appointment of a compliance manager and allocation of personnel and budget
  • 3. Preparation and distribution of a compliance manual
  • 4. Implementation of CP education and training
  • 5. Operation of a preemptive monitoring system for compliance
  • 6. Operation of disciplinary and incentive systems
  • 7. Evaluation and improvement of CP operations
Significance of the Compliance Program (CP, Fair Trade Voluntary Compliance Program)
  • 1. Declaration of management’s commitment to voluntary compliance
  • 2. Appointment and operation of a Compliance Officer
  • 3. Preparation and distribution of a Compliance Manual
  • 4. Implementation of educational programs
  • 5. Establishment of a monitoring system
  • 6. Disciplinary action for employees who violate fair trade-related laws and regulations
  • 7. Establishment of a document management system
We pledge to work together so that all stakeholders, including our employees, can enjoy universal freedoms and rights, and have their human dignity protected, enabling sustainable progress and development for everyone involved.