Korea Rural Community Corporation Signs "Executive Job Integrity Contract"... Clawback of Performance Bonuses for Violations

Aiming to Strengthen Corruption Prevention and Enhance the Effectiveness of Job Ethics

Korea Rural Community Corporation has signed an "Executive Job Integrity Contract" to promote a culture of integrity. If violated, measures such as clawback of performance bonuses will be enforced.

On April 24, the corporation announced that it had signed the job integrity contract with Yoon Soha, Standing Auditor, and Lee Jungmoon, Standing Director, to practice integrity and ethical management.

Yoon Soha, Standing Auditor (second from right), and Lee Jungmoon, Standing Director (first from right), are taking a commemorative photo with President Kim Injung (second from left) and others after signing the duty integrity contract. Korea Rural Community Corporation.

The Executive Job Integrity Contract is a system implemented under the "Operation Regulations for Executive Job Integrity Contract," established by the corporation in 2006. It applies to all executives, including the president. Its purpose is to confirm the obligation of integrity and responsibility for violations, thereby enhancing the effectiveness of corruption prevention and job ethics.

The main points include: ▲Compliance with job-related laws and regulations ▲Fair performance of duties ▲Prohibition of accepting money or valuables, involvement in interests, solicitation, or requests related to job activities ▲Clawback of performance bonuses in the event of a breach of the job integrity contract.

Kim Injoong, President of Korea Rural Community Corporation, stated, "Through this signing ceremony, we have reaffirmed and pledged our integrity obligations as members of management," adding, "We will become a public institution trusted by the public through transparent and fair work practices."

This content was produced with the assistance of AI translation services.