Chapter 4. Basic Ethics of Employees

LG employees are acting uprightly and making value judgments in accordance to the code of ethics.

Based on strong beliefs in honesty and fairness, LG employees must build righteous values, continuously self-develop and perform their duties in a fair manner to achieve their given mission.

1.Basic Ethics

LG Code of Ethics

  • (1) LG employees take pride in the company and always maintain honesty and fairness.
  • (2) LG employees have a high standard of morality and continuously strive to maintain their personal dignity and the company's honor.
Guidelines for Practice
  • (1) LG employees shall strive to behave morally and ethically to maintain the honor of LG employees.
  • (2) LG employees shall not hinder a healthy organizational environment by starting and spreading rumors or creating an atmosphere of distrust.
  • (3) LG employees shall not give excessive gifts to colleagues, for promotion or transfers.

2.Accomplishing Mission

LG Code of Ethics

  • (1) LG employees accomplish their duties in accordance with the visions and policies of the company.
  • (2) LG employees carry out their assigned duties in the best possible and fairest manner while observing relevant laws and regulations.
  • (3) LG employees protect and preserve company property and maintain confidentiality on information gained during employment.
  • (4) LG employees openly communicate and cooperate with colleagues and related departments to enhance work efficiency.
Guidelines for Practice
  • (1) Know company policies and standards and observe them faithfully when conducting business tasks.
  • (2) Prepare reports necessary for conducting business tasks fairly, honestly, and in a timely manner.
  • (3) When conducting business tasks, employees shall clearly understand their mission and do their best to accomplish the mission, taking responsibility for the results.
  • (4) When serious situations damaging corporate assets have occurred or could occur, report them promptly and take appropriate actions.
  • (5) Maintain confidentiality on all information acquired during employment. Do not disclose such information without prior consent of the company.
  • (6) Maintain a high level of work efficiency through active collaboration and continuous communication with colleagues and related departments.

3.Self-development

LG Code of Ethics

LG employees understand the meaning of an ideal employee and constantly strive to meet these standards through self-development.

Guidelines for Practice
  • (1) Employees shall be familiar of the image of an ideal employee defined by the company and actively strive to acquire required skills on an ongoing basis.
  • (2) Employees shall complete all required training programs, which are critical components of company policies.

4.Fair Handling of Job

LG Code of Ethics

  • (1) LG employees carry out their duties based on honesty and fairness, always seeking to contribute to fostering a sound business culture.
  • (2) LG employees do not accept any form of financial benefits from stakeholders, which can influence their clear judgment.
  • (3) LG employees do not engage in immoral or unethical behavior, as defined by social norms, in performing their duties or living their personal lives.
Guidelines for Practice
  • (1) Employees shall prepare records and reports accurately and honestly. Manipulation/false reporting of documents/figures is prohibited.
  • (2) Employees shall not accept any benefits from stakeholders. If such are accepted due to unavoidable circumstances, it shall be reported according to related procedures.
  • (3) Employees shall faithfully perform the duties of their positions and titles and not be involved in activities, even in private, that cause the company loss or harm its honor.
  • (4) Employees shall not acquire unjust shares of listed or unlisted of business partners.

5.Avoiding Conflict of Interests with the company

LG Code of Ethics

  • (1) LG employees avoid personal behavior or relationships that are in conflict with company interests.
  • (2) LG employees do not use company property to pursue their personal interests.
Guidelines for Practice
  • (1) Employees shall not engage in management of or invest in businesses that are in direct/indirect competition with the company.
  • (2) Employees shall submit a report in advance and obtain approval if employed by another company or perform business tasks similar to company tasks in another company.
  • (3) Tangible/intangible corporate assets must be used for the company's business activities and for authorized purposes only. Employees shall always be prepared to take necessary measures to protect corporate assets against loss, abuse, or theft.