PMSB operates various programs aimed at strengthening its employees’ professional skill sets. These programs help each employee to grow through work, networking, and learning.

1. Career Development

• PMSB fosters its employees to improve technical expertise and actively supports employee’s career development. 
• PMSB committed to providing a variety of development opportunities to enhance employees' skills, knowledge, and abilities. 
• Opportunities may include internal training programs, external workshops or courses, conferences, certifications, online learning platforms, on-the job training, coaching, and cross-functional projects. 

 

2. Know-How Transfer Model 

• PMSB focuses on transferring technological knowledge within personnel in the organization in line with changes in the workplace environment. 
• Offering customized sets of training and indirectly fostering leadership skills.
• Based on the Know- How Transfer Plan model for each area of practice, all departments has to plan development plans within their department unit.
• Technical field employees are encouraged to transfer its technical skills by regularly rotating within their departments and positions as to strengthen their technical expertise by coaching and mentoring.
• Also, will enhance other employee’s technical skills and ability for the company to respond to an emergency.

Principles of Ethics

Duty of Compliance with the Code of Ethics

1. Comply with relevant laws and regulations worldwide wherever PMSB conducts business
2. Strive to maintain their dignity as PMSB employees and the Company’s reputation
3. Preserve honesty, fairness and trust in performing all work-related duties and business relations
4. Not engage in activities in which there are conflicts of interest between the company and the individuals
5. Respect individual dignity and diversity of employees and stakeholders without unreasonable discrimination based on race, nationality, sex, disability, religion, etc.
6. PMSB will strive to create a safe, healthy, and clean workplace and protect the environment for all people, including its employee
7. PMSB employees make best efforts to establish an ethical culture by taking responsibility for all people, including its employees
8. PMSB employees make best efforts to establish an ethical culture by taking responsibility for and practicing ethical conducts.
9. PMSB employees, and stakeholders keep an open communication channel that enables them to consult and report violations of ethical standards and other concerns, and check the ethics-related status quo at all times by operating an advisory system with third party experts.

 

Roles and Responsibilities of Employees

 

Employees understand and practice all aspects of the Code of Ethics and comply with domestic and international anti-corruption laws as members of a global company.

1. Understanding and Complying with the Code of Ethics

• Fully understand and diligently comply with all aspects of the Code of Ethics.
• In the event of potential conflicts concerning the Code of Ethics, decisions are made after consulting with the head of the department.
• In the event of committing an unethical conduct, take responsibility correspondingly.

 

2. Reporting and Consulting on Unethical Conduct

• Upon discovery of our or others' actions conflicting with the Code of Ethics, immediately report to and consult with the head of the department.
• Be aware of the various methods available for reporting or consulting about cases in which there are conflicts over the Code of Ethics.

 

Roles and Responsibilities of a Leader

 

The leader should perform a pivotal role in enhancing the competitiveness of the Company by

preventing and eradicating unethical conduct through ethical compliance.

 

• Decision-making: Obligated to make ethics the top priority whenever the Company's interests’ conflict with its ethical responsibility.
• Managerial accountability: Be liable for any and all unethical conduct, and take supervisory accountability where there is unethical conduct by his/her subordinates.
• Business performance: Strictly abide by laws and company regulations; not pursue personal interests; make best efforts to create corporate values for the Company; and not deal with any corrupt stakeholders.
• Elimination of favours and solicitations: Eliminate all forms of solicitations and not engage in solicitation activities for the benefit of the Company or the suppliers.
• Respect for individuals: Make best efforts to eliminate conduct that impairs respect for the individuals within the organization, such as sexual harassment and verbal abuse.
• Preventing Conflicts of Interest: Prevent conflicts of interest with any private stakeholder who is employed by a counterparty, and make best efforts to eradicate unfair business practices of providing preferential treatment for personal interests.
• Practical activities: Strive to fulfil responsibilities necessary for raising the level of ethical practice to the world’s highest by fulfilling the above roles and responsibilities.

 

The leader must prevent unethical conducts by the employees and take the following measures where such conduct occurs.

 

Training and Counseling on Ethics

 

• Provide training and counseling on ethics for relevant employees.
• Cause the relevant employees to understand the importance of compliance with the Code of Ethics and practice of ethical conduct.

 

Preventative Measures Against Unethical Conduct

 

• In the event of habitual occurrence of an unethical conduct, isolate the cause, improve the process, and take fundamental preventive measures.
• Report to or consult with the Corporate Audit Office immediately after receiving a report that an employee has violated the Code of Ethics.

 

Mutual Obligation to Observe the Code of Ethics

 

• Employees of the Company shall abide by the Code of Ethics to maintain impartial transaction order in all transactions with the other party and shall - when the contract is concluded or when starting transactions -provide the Code of Ethics to the other party so that they can fully be aware of it and collect a certificate of understanding the fact from the other party.

 

• The other party shall fully familiarize itself with the Code of Ethics received from the Company pursuant to the foregoing paragraph and shall comply with the Company’s request for certification of the foregoing paragraph.

 

• Both parties shall understand the intention of mutual ethical management and provide active cooperation to each other in observing the mutual Code of Ethics.

 

Penalties for Violation of the Code of Ethics

 

Employees who violate the Code of Ethics may be subject to certain penalties, including dismissal

according to the related regulations. Notably, a zero-tolerance policy is applied to unethical conducts, such as accepting bribes, embezzlement, fabrication of information, and violation of sexual ethics.

 

Conducts subject to punishment

 

• Violating the Code of Ethics or demands that others do so
• Failing to immediately report a violation of the Code of Ethics that he/she is aware of or concerned about
• Failing to cooperate with the investigation of the Corporate Audit Office regarding the matters that may potentially be in violation of the Code of Ethics
• Taking a retaliatory action against other employees who report an ethical management issue

 

Employee’s Work-life Balance

 

We strive to pursue a personal growth of our employees and a corporate development by maintaining work and life balance, and to create a happy workplace by establishing a corporate culture of mutual respect.

 

Pursuit of work-life balance

• Try to improve the quality of life of employees by providing benefits that are helpful for maintaining a stable life.
• Support employees in achieving their individual visions, and allow them flexibility in terms of the time, location, and method by which they perform their work.

 

Provision of education and career growth opportunities

• Organize a work environment and systems where creativity can be enhanced.
• Support employees' education and participation in development programs so that they can fully develop their abilities and qualities and become qualified individuals with the best capabilities.

 

Fair assessment and compensation

• We will conduct an impartial and systematic assessment for employees based on their individual competency and performance and provide appropriate compensation therefor.

 

Objectives

 

PMSB seeks to observe the highest legal and ethical standards in conducting business in all areas around the world. The objective of these Anti-corruption Compliance Guidelines is to ensure that global anti-corruption laws and standards are being complied with by not only PMSB employees, but also POSCO Group companies, agents, and counterparties.

 

Obligation to Prevent the Provision of Bribes to Government Officials

 

1. The employees of both parties shall observe all domestic and foreign anti-bribery and anti-corruption laws and regulations including Improper Solicitation and Graft Act, the UN Convention against Corruption, FCPA (Foreign Corrupt Practices Act), and anti-bribery laws covering government officials.

2. The other party shall understand the ethical management intention of the Company and provide cooperation in observing anti-bribery regulations.