sustainabilityManagement

We will go to the right path with a transparent and fair management method.

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Sustainability
Management

Ethical Management

Healthy and fair corporate culture NDFOS

NDFOS will go to the right path to grow and develop together with customers
and suppliers by practicing correct values and fair and transparent ethical management.

Code of Ethics

Our company strives to grow and develop together with all stakeholders, including shareholders,
by enhancing corporate value through progressive and efficient management activities,
and tries to become a trusted company by faithfully fulfilling all of its duties and responsibilities.
Our company respects all domestic and foreign laws and market order, takes the lead in establishing a fair trade order,
respects social values and customs, and contributes to the development of the country and society through various social contribution activities.
Thus, our company enacts the code of ethics to create a sound and fair corporate culture and actively practices it.
  • Attitude toward shareholders
    and investors

    • Protection of shareholders' rights and interests

      The company protects the rights of shareholders and respects shareholders' legitimate requests and suggestions. The company faithfully discloses management information to establish a mutual trust relationship with shareholders and investors, and strives to maximize shareholder profits.
    • Equal treatment

      The company treats all shareholders including minority shareholders fairly and equally. The company always considers the interests of all shareholders to make management decisions to prevent the interests or rights of minority shareholders from being infringed unfairly. The company considers the interests of shareholders in making management decisions to prevent the interests or rights of minority shareholders from being infringed unfairly.
    • Active information provision

      The company records and manages accounting data in accordance with generally accepted accounting principles to provide financial position and management performance in a transparent manner. The company provides accurate management information in a timely manner according to relevant laws and regulations so that information users can make a reasonable investment decision.
  • Attitude toward customers

    • Respect for customers

      The company always thinks and acts from the customer's point of view, and strives to realize customer satisfaction by providing the best products and services that customers can satisfy with and trust.
    • Customer protection

      The company protects the interests, safety and personal information of customers and does not act unfair to customers. The company respects and complies with the laws on consumer protection.
  • Attitude toward competitors
    and suppliers

    • Fair competition with competitors

      The company respects the fair and free market economy order according to the principle of free competition and competes fairly with competitors. The company respects the fair trade order and complies with fair trade laws and regulations.
    • Fair trade with business partners

      The company pursues joint development by establishing mutual trust and cooperative relationships through fair trade with business partners. The company does not use its dominant position to force any form of unfair behavior or exert influence.
  • Responsibility for employees

    • Fair treatment

      The company provides fair opportunities according to their capabilities and qualities without unfair discrimination against employees. The company establishes evaluation criteria for employees' qualities, abilities, and achievements, to evaluate and reward them fairly.
    • Creation of working environment

      The company strives to establish a safe working environment and health for employees. The company respects the autonomy and creativity of each employee and supports self-realization along with the development of human resources by giving fair opportunities to improve their abilities. The company respects the independent personality and basic rights of employees, and creates an environment for free suggestions and proposals.
  • Responsibility for society

    • Compliance with domestic and foreign laws and regulations

      As a member of the nation and local community, the company not only complies with various laws and regulations, but also complies with all international laws and regulations.
    • Contribution to national economic and social development

      The company contributes to the national economy and social development through productivity improvement, employment creation, sincere tax payment, and social contribution.
    • Environmental protection

      The company strives to protect nature and preserve a clean environment.
  • Basic ethics of employees

    • Establishment of healthy corporate culture

      Employees share the company's management philosophy and empathize with the goals and values pursued by the company, and faithfully carry out the mission assigned to each of them according to the company's business policy. Employees do their best to perform their assigned duties in a fair manner, and comply with all related laws and regulations related to work.
    • Prohibition of conflict of interest

      Employees endeavor to avoid any behavior or relationship that causes conflict of interest with the company, and when there is a conflict of interest between the company and individuals or departments, they act by putting the company's interests first.
    • Prohibition of use of internal information

      Employees do not trade stocks using internal information acquired during work. Employees do not provide undisclosed material information that may affect the stock price to a third party without due process.
    • Protection of company property and important information

      Employees should protect the company's real property, intellectual property rights, and trade secrets, and do not use them for personal purposes. Employees do not pursue private profits using their positions or engage in unfair trade practices using non-public information obtained from the company. Employees do not disclose important information that may affect the company's interests to the outside.
    • Prevention of sexual harassment

      Employees do not use any language or behavior that harms sound colleagueship, including physical, verbal, visual language or behavior that is recognized as causing sexual humiliation
    • Prohibition of political involvement

      Employees do not engage in political activities during working hour in the company and do not use the company's organization, manpower, and property for political purposes. Each employee's suffrage and political views are respected, but each individual's political views or political involvement should not be misunderstood as the company's position.
    • Prohibition of accepting money and valuables and entertainment

      Employees are not provided with money, gifts or entertainment from stakeholders such as business partners. Employees do not provide money or other gifts or entertainment beyond the scope recognized by social norms to stakeholders such as business partners in relation to the company business.
    • Compliance with the Code of Ethics

      All executives and employees must faithfully comply with the Code of Ethics, and if violating this, they should be held responsible for the conduct. In the event of a violation of the code of ethics, executives and employees should thoroughly identify the cause and prevent recurrence through education.
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