In December 2022, HK inno.N acquired the integrated certification for ISO 37001 & 37301 (Anti-bribery and Compliance Management System), advancing the company-wide compliance management system to the next level.
Leading the pharmaceutical industry in the prevention of corruption
The obligation to take particular precaution and conduct supervision to prevent corruption within the organization
What is ISO 37001?
“Reasonable and balanced policies,
procedures and control system for anti-corruption”
- ISO 37001 is an international standard that defines requirements applicable to the area of anti-corruption related to all organizational activities. It is a global standard certification system where certification by a third party is available on the establishment, implementation, maintenance and improvement of the anti-corruption management system within an organization
- It defines the requirements related to the implementation of policies, procedures and controls that are reasonable and in proportion to the risks faced by the organization in association with bribes or corruption
inno.N, through ISO 37001 certification, promotes the internalization of a mindset that emphasizes ethical management for a corporate culture of integrity to take root and disseminate.
Anti-corruption Policies
inno.N, based on the values of creativity, reason, proactiveness and self-reliance, has established and hereby declare anti-corruption policies as follows as it seeks to contribute to a valuable, healthy and beautiful life for mankind through cutting-edge technologies.
- We do not engage in any corruptive or illegal acts in carrying out business.
- We do comply with relevant laws on anti-corruption and internal rules, and do not engage in any acts that may be a violation of such laws and rules, or be suspected of such.
- The company, to prevent corruption, continuously operates, improves and builds on an anti-corruption business management system.
- The CEO grants the anti-corruption manager with the authority related to executing anti-corruption policies and assures the anti-corruption manager’s independence.
- The anti-corruption manager establishes and operates the company’s anti-corruption management system and provides advice and guidelines to all individuals involved in the resolution of anyrelevant issues.
- All employees, when a violation of laws or rules related to anti-corruption occurs, shall report the incident to the company. The company maintains the anonymity of the reporter and guaranteesthe rights of the reporter.
Confirming the number one status in legal compliance management in the pharmaceutical industry
A corporate culture of autonomous legal compliance
What is ISO 37301?
“An integrated system to ensure that the organization is operated in accordance with all laws, rules and code of conduct”
- A global standard system that certifies legal compliance of the organization and its establishment of an integrated system that helps minimize damage incurred by consumers due to violations of the law
- If ISO 37301 is an international standard specialized for bribes and/or corruption, ISO 37301 is an international standard for all aspects of legal compliance that organizations must abide by
With a certification for ISO 37301, inno.N has laid the foundation for increased transparency and sustainable management.
Compliance Policies
inno.N has established compliance policies to promote the core values of Creativity, Reason, Proactiveness and Self-Governance, as well as the vision of ‘Healing the World for a Better Life’, lead the development of new technologies, live up to the responsibility of improving health and beauty of mankind, and ultimately contribute to a valuable life. The compliance policies are hereby declared as follows.
- The company and its employees shall abide by all applicable compliance-related obligations including relevant laws both at home and abroad, as well as the company’s internal rules, and shall not engage in activities that violate or may be suspected of violating the afore-mentioned obligations, rules and laws.
- Employees shall not engage in illegal acts associated with stakeholders when carrying out their job.
- The company shall establish, continuously manage and improve as necessary a compliance management system to ensure that the objectives of compliance-based management is achieved.
- The compliance manager shall have the independent authority on the operation of the compliance management system, as well as an obligation to directly and regularly report on related matters to the board of directors.
- Employees shall have the obligation to manage compliance-related issues and report related matters to the compliance manager.
- The company shall establish a system through which non-compliance by employees can be reported. The details of such reports and the identity of the individual filing such reports shall be kept confidential. Individuals filing such reports on non-compliance of employees shall be protected against any unfairand/or disadvantageoustreatment.
- In the case that an employee violates the obligations of compliance or does not take reasonable measures to prevent such violations even after becoming aware of such, the company shall not bear liability on behalf of such an employee and may take punitive measures against the employeein accordance with the company’sinternal rules.