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About KNOC ethics
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home > Corporate Responsibility > Ethical management > About KNOC ethics
About KNOC ethics
 
Declaration of Ethical Management
  August of 2003 KNOC presented Principles of Ethics that serve as standards for ethical conduct. Through a declaration ceremony of the principles, KNOC demonstrated to the global industry its strong pursuit for ethical management.

To date, in order to create a clean, untainted corporation, KNOC has been building a variety of functions. Above all, to promote a more efficient and systematic ethical management, KNOC developed Reporting/Rewarding, Personnel appraisals, and other ethical management systems.

In addition, not only did KNOC collaborate with Korea Independent Commission Against Corruption and entered into a Pilot Project Agreement for Promoting Ethics in Public Enterprises, but also signed a resolution for ethical management as a symbol of executive initiative.

KNOC will continue in its efforts to develop as a clear, environment friendly public enterprise.
We ask for your continuous support.

Thank you.

President & CEO , Korea National Oil Corporation
   
Understanding of Ethical Management
 
What is Ethical Management?
Ethical management means, with a positive, subjective attitude: observation of corporate ethics; carrying on all economical, legal responsibilities of the corporation; recognizing personal responsibilities as corporation obligations; and first taking ethical aspect into consideration when pursuit of personal gains corporate ethics.
Need for Ethical Management
Enron, one of the largest energy corporation known for its reliability, faced corporate collapse overnight as a result of audit revealing corruption of justice stemming from unlawful accounting. Since the demise of Enron, an emphasis has been placed on "Corporate Ethics" and Ethical Management is surfacing as the Global Standard for management.

In the domestic corporate environment, corporate ethics became a matter of importance after the exchange rate crisis, and the SK Global situation. As a result, in order to promote societal morals, many judiciary regulations are being enforced.

KNOC believes that Ethical Management is not just a management tool, but a means by which the structure of the corporation can be strengthened. With conviction for this public value, KNOC and all its employees are actively carrying out Ethical Management.

Corporations that do not understand Ethical Management and its worth will no longer be able to survive in today's corporate world. A corporation must arm itself with ethics for long term survival.

Ethical Management will not faze out as just a fad. It will become a mega trend and gain permanence in the corporate world of today and of the future.
   
Strategy of Ethical Management
  Direction of Ethical Management
   
   

Ethical Management Strategy Roadmap
  Ethical Management System

Ethical Organization chart
  Ethical Organization chart

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