Monday, September 21, 2009

Ethical, Social Responsibilities & Risk Management

In terms of ethical responsibility, in the LG Display official site, one can find the complete company Code of Ethics guidelines, where it details regulations into six parts:
  1. Responsibilities to and duties to customers, which regards to customer protection, privacy and fulfilling promises;
  2. Fair competition, regards to lawful usage of information and gaining competitive edge;
  3. Fair transactions, regards to fairness and enforcement of contracts;
  4. Basic ethics for employees, details employee dignity, protection of company property and issue of conflict of interest;
  5. Corporate responsibilities to employees, regards to health and safety fair treatment and human resources development;
  6. Responsibilities to the nation and society, details protection of stockholders’ interest, conforming to tax laws and environmental conservation.

In terms of its social responsibility policies, the company provides page on its environmental management where it details its vision, mission and strategies for compliance & corporate value, clean technology and sustainability. It incorporates a values system of ESH (Environment, safety and health).
On the corporate social responsibility page, the company itemizes four tasks:

  • Matching grant system for all employees (matching employee donations for philanthropy);
  • Providing student scholarships in science talents;
  • Organizing environmental protection programs in demilitarized zone area;
  • Global volunteer activities.

In order to improve its competitive edge so as to prevent Japanese and Taiwanese rivals from taking a larger share of the market, LG Display employed Oracle E-Business Suite R12 to not only increase business productivity and efficiency but also enhance risk management.

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