Anti-corruption

LIG Nex1 strictly regulates Bribery and Anti-corruption
in accordance with the Regulation for compliance with
Anti-corruption Laws

Anti-corruption Process

Anti-corruption Program Procedure

  1. 1. Constitute compliance department as designated by the Company
  2. 2. Risk assessment
  3. 3. Manage Internal training Program
  4. 4. Internal audit and Monitoring
  5. 5. Field audit
  6. 6. Update on Program/Training/Policies (interview, survey, etc.)
  7. 7. Informing/reporting/internal investigation of violations
  8. 8. Record keeping

※ Violator shall hall be subject to disciplinary actions with zero tolerance in accordance with disciplinary regulations of LIG Nex1 after the investigation of external/internal audit.

Third party Appointment/Renewal Procedure(included High-risk Market)

  1. 1. Notify Provision of Anti-corruption regulations
  2. 2. appointment (renewal)
  3. 3. Inspection of corruption risk[Questionnaires for due diligence of third parties, Checklist for third parties]
  4. 4. Risk assessment
  5. 5. Inquire Additional information of corruption risk (evidence)
  6. 6. Review and Evaluation
  7. 7. Enter a contract with Anti-corruption provisions
  8. 8. Management