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global code of conduct

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1. SEC Global Code of Conduct: Preface

SAMSUNG Electronics aims to be a 'world leading company' devoting our human resources and technology to create superior products and services, thereby contributing to a better global society.
To achieve this goal, we share and pursue SAMSUNG Values of『 People, Excellence, Change, Integrity, Co-prosperity 』and the 7 Factors of World Leading Company of『 Dream, Vision & Goal, Creativity & Challenge, Insight & Good Sense, Technology & Information, Trust & Credibility, Speed & Velocity, Change & Innovation 』to be instilled in the individual employees and the organization.

Furthermore, we follow this「Global Code of Conduct」for SAMSUNG Electronics employees in order to comply with laws and ethical practices as well as to express our concrete commitment to social responsibility. This「Global Code of Conduct」will be the guiding standard for everyone in SAMSUNG Electronics, outlining conducts and value judgments in all business activities.

- We endeavor, with a sense of urgent awareness of the fact that we cannot survive without innovation, to achieve future competitiveness in Speedy response to the changes of environment and customer's demands, by maintaining the sustained attitude of Change & Innovation towards our Dream, Vision & Goal.

- We cultivate Creativity & Challenge, acknowledging that future competitiveness depends on the development of Technology & Information ahead of competitors.

- We aspire to become qualified experts in our field with Insight to foresee the future, and the Good Sense to identify and take advantage of opportunities.

- We create an open culture where senior staff lead and junior staff are encouraged to make decisions and act proactively with a sense of ownership, based on the mutual respect of individuality and Trust & Credibility.

- We pursue co-prosperity by maintaining relationships of Trust with shareholders and business partners, and facilitating sound management thought mutual cooperation.

2. SEC Global Code of Conduct
Principle 1. We comply with laws and ethical standards
1-1. We respect dignity and diversity of individuals
  1. The Company will respect the basic human rights of all employees and will not discriminate against its officers, staff and other interested parties on the basis of race, nationality, gender, religion, regional background, physical disability, marital status, or any other characteristics protected by law.
  2. The Company will not employ underage persons, as commonly defined by international standards and relevant national laws.
  3. The Company will determine conditions of employment and compensation for personnel in a rational and just manner, taking into consideration relevant national, local or state laws, and international standards.
  4. The Company will ensure that working hours of personnel will be in accordance with the specific nature of their duties and national laws and regulations, and no extended working hours will be enforced without mutual agreement.
  5. The Company will endeavor to ensure that senior staff do not impose on junior staff any duties unrelated to Company affairs or duties that violate Company regulations and standard processes, or use any form of psychological or physical intimidation or coercion against employees in the performance of their regular duties.
1-2. We compete in accordance with laws and business ethics
  1. The Company will compete freely and fairly at all its business sites around the world, abiding by national laws and regulations and relevant international standards governing the conduct of business.
  2. The Company will not abuse a dominant market position nor use coercion to cause inclusion of unwanted items in any sales transactions (tying).
  3. The Company will not enter with competitors into price fixing, bid collusion, market collusion or reduced production agreements, and will not discuss with competitors prices, bids, customers, sales territories and conditions including price confirmation.
  4. The Company will not permit the acceptance of money, goods, entertainment and/or share offers of stock from customers or external interested parties, nor allow any improper activities that violate laws and fair trade principles.
  5. The Company shall refrain from illegally obtaining confidential information belonging to competitors.
  6. The Company shall not demand, or use coercion to obtain any advantage detrimental to the interest of customer or partner companies.
1-3. We maintain transparency of accounts with accurate recording of transactions
  1. The Company will accurately record and manage all transactions in compliance with international standards and national accounting regulations, and will be subject to accounting audits by outside parties at regular intervals.
  2. The Company will make every effort to refrain from entering into a business relationship with customers of uncertain identity, and will not participate nor cooperate with illegal, false, or irregular transactions.
1-4. We do not get involved in politics and maintain neutrality
  1. The Company will respect individual political rights and expression of opinion. However, it will not allow the conduct of political activities within the company that may be harmful to the organization.
  2. The Company's resources, including financial resources, manpower, and facilities shall not be used for any political purpose.
  3. The Company will refrain from illegal donations and improper dealings with governments, and will respect individual country's related laws and regulations.
1-5. We protect information on individuals and business partners
  1. The Company will abide by the laws and regulations relating to protection of the privacy of its employees and confidential information, and each officer or employee of the Company shall acknowledge their primary responsibility for the protection of such information.
  2. The Company will use information relating to individuals, corporate customers, or business partners obtained through normal business process, only for business purposes, and shall not disclose such information to third parties.

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