Compliance framework takes shape after Feb. declaration
New page broadens access to fair-trade rules and activities
Staff training and monitoring to intensify in push to prevent violations
SP Nature, an affiliate of Sampyo Group, has launched a dedicated page for its fair-trade compliance program (CP) as part of a broader push to strengthen its legal and ethical governance framework.
The company announced Monday it has opened the CP page on its corporate website. The move is intended to improve access to information on fair-trade regulations and the company's voluntary compliance activities, while reinforcing employees' awareness of legal obligations.
The page follows a declaration made in February to formally adopt the CP. On Feb. 10, SP Nature held a launch ceremony at its Seoul office to announce the program, pledging to review internal compliance procedures, establish an employee code of ethics and expand fair-trade education.
A CP is an internal compliance system that companies build to ensure adherence to fair-trade laws. It aims to reduce the risk of violations through employee training, operational monitoring and preventive measures against misconduct.
Through the new page, SP Nature will disclose the direction of its CP operations and key activities. The company said it designed the page so that not only employees but also external stakeholders can access information related to its voluntary fair-trade compliance efforts.
Going forward, the company plans to step up training and monitoring for employees and oversee whether fair-trade regulations and internal standards are being followed in day-to-day operations. It also intends to raise fairness and transparency in transactions with business partners and other stakeholders.
"By launching the dedicated CP page, we have made it easier for employees to check and share relevant information, including applicable laws," a company official said. "We will continue to strengthen our CP framework to establish a fair trading order and build a corporate culture that earns trust."
hong@heraldcorp.com
