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HOME>Sustainability>Ethical Management>Definition of Ethical Management

Ethical Management

Definition of Ehtical Management

Ethical management refers to corporate management that not only fulfills economic goals and legal responsibilities, but also meets the ethical expectations imposed by social norms in conducting business.

What is Ethical Management

Professor A. Carroll, Georgia University circle chart- Economic Responsibilities, Legal Responsibilit, Ethical Responsibilities, Philanthropic Responsibilities

The Scope of Ethical Management

  • - Economic ResponsibilitiesMaintain continuity of the corporation by creating profits
  • - Legal ResponsibilitiesConduct business in accordance with national and international laws and regulations
  • - Ethical ResponsibilitiesConduct management in accordance with social norms
  • - Philanthropic ResponsibilitiesAct as a healthy corporate citizen

SK Chemicals’ ethical management means the active embodiment of SKMS (SK Management System)'s philosophy in everyday management activities. In other words, we ultimately aim to maximize the happiness of every member of society through creating value for shareholders.

Practical Elements of Ethical Management

Ethical Management consists of three core elements : Code, Compliance, and Consensus ("3Cs")

Code of Ethics

We provide concrete ethical guidelines for all corporate members.The code of ethics, practical guidelines, FAQ, and fair trade compliance programs are always there to guide our employees' actions and decisions.

Compliance

SK Chemicals has a set of organizations and systems supporting ethical management. The Institution of Ethical Management, an affiliated institution of the Corporate Culture Department, directly supports and reinforces ethical management behavior. We also have an ethical counseling office for ethical consultation and whistle-blowing, and run a whistle-blower protection system.

Consensus

Our executives and staff build a consensus in the philosophy of ethical management through systematic education. To form this sense of consensus and unity, we provide education programs and courses on ethical management, and encourage the corporate members to contribute to the society.