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Ethics

Honest, transparent management is the foundation of 60 years of trust. S&W operates a Code of Ethics that sets standards of conduct for all employees and procedures for reporting misconduct and protecting those who report it.

Code of Ethics

Code of Ethics

The Code of Ethics was adopted to raise ethical awareness, prevent misconduct and realize transparent, sound management. It applies to every officer and employee, including contract staff, and all employees sign an ethics pledge on joining and once a year thereafter.

Regulation no.
SNW-029
Adopted
October 2026
Effective
1 October 2026
Applies to
All officers and employees
Administered by
Ethics Officer · General Affairs Team

Standards

Standards of conduct

  • 01

    Integrity

    We perform our duties honestly and faithfully, in compliance with the law and company regulations.

  • 02

    Protection of company assets

    Funds, inventory, equipment and corporate cards are used for business purposes only.

  • 03

    Accurate accounting and records

    Every transaction is recorded accurately and completely, based on fact; no document is forged or altered.

  • 04

    No gifts or entertainment

    We neither accept nor request money, gifts, entertainment or favors from business partners in connection with our work.

  • 05

    Avoiding conflicts of interest

    Where personal interests may conflict with the company's, we report in advance and step back from the related work.

  • 06

    Fair dealing

    We select suppliers and partners fairly and never make unreasonable demands by abusing a superior position.

Report

Reporting misconduct

Employees and outside parties such as business partners may report misconduct: embezzlement or breach of trust, false accounting records, acceptance of gifts, or transactions and payments made without the required approvals.

Ethics OfficerHeo Tae-neung, Managing Director

  • 01

    Ethics Officer · General Affairs

    Report in person, in writing or by the dedicated ethics e-mail.

  • 02

    Anonymous report

    Use the internal report box or the anonymous e-mail address without giving your name. Only the head of General Affairs may read it.

    Internal report box: company cafeteria

  • 03

    Direct report to the Auditor

    When the subject of the report is an officer, the Ethics Officer or a member of the Management Support Division, report directly to the Statutory Auditor.

Protection of reporters

  • Confidentiality

    The identity of a reporter or cooperating person, or facts that could reveal it, is never disclosed without consent.

  • No retaliation

    No disciplinary action, transfer or discrimination in working conditions follows a report or cooperation; any disadvantage is reversed.

  • Reduced liability

    A reporter involved in the misconduct may have disciplinary action reduced or waived for reporting voluntarily.

  • Prompt handling

    A decision to investigate is made within 7 days of receipt; the investigation is completed within 30 days and the outcome is communicated.