The Anti-Corruption and Civil Rights Commission Seeks Public Opinion on 'Public Enterprises and Corporate Ethics Compliance Management Certification'

Questions on the Level and Expected Benefits of Ethical Compliance Management and Certification on the National Idea Platform until the 13th

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[Sejong=Asia Economy Reporter Moon Chaeseok] The Anti-Corruption and Civil Rights Commission (ACRC) announced on the 8th that it will collect public opinions until the 13th regarding the introduction of ethics and compliance management certification for public enterprises and companies to prevent a "second Korean Land and Housing Corporation (LH) land speculation scandal."

The ACRC plans to introduce a certification system that ensures companies fulfill their legal, ethical, and social responsibilities while managing their operations to enhance the integrity of these institutions. The survey will be conducted on the National Thinking Platform until the 13th. It investigates public opinions on the ethics and compliance management levels of public enterprises and companies, the expected effects of the certification system, and more. In particular, to address issues such as the real estate speculation allegations involving public officials like LH and the low international evaluation of integrity levels in the private sector, the ACRC aims to encourage public enterprises and companies to actively practice ethics and compliance management.

This survey asks about ▲the current ethics and compliance management levels of public enterprises and companies ▲expected effects of ethics and compliance management certification ▲key elements for ethics and compliance management ▲opinions on improving the integrity levels of public enterprises and companies. The collected opinions will be reflected in establishing the "Ethics and Compliance Management Program (K-CP)" and the certification system. Earlier, on April 1, the ACRC announced the "Top 10 Anti-Corruption and Integrity Innovation Tasks for Public Officials," which included the introduction of the "Ethics and Compliance Management Program and Certification." This aims to raise the integrity levels of public enterprises and establish a culture of ethics and compliance management.

In the second half of the year, the K-CP will be distributed to public enterprises and companies. The ACRC is also considering a plan to certify outstanding companies that apply as excellent practitioners of ethics and compliance management. The ACRC believes that successfully establishing ethics and compliance management will help achieve the national goal of entering the top 20 in the world in the National Integrity Index (CPI) next year.

Jeon Hyun-hee, Chairperson of the ACRC, said, "In response to the public demand to enhance corporate integrity, we will lay the foundation for companies to voluntarily practice ethics and compliance management and encourage active practice by linking incentive systems. We ask for active participation in this opinion collection so that we can create ethics and compliance management standards in the direction the public desires."

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