GOVERNANCE
GOVERNANCE
Sustainable ESG Management
Chaired by the Board Chair and composed of division heads and outside directors, the ESG Committee sits at the apex. Beneath it, the ESG Secretariat (led by support-team heads) and working groups in each business unit drive a rigorous, well-structured ESG program.
- Sound and Stable Corporate Governance
- Independent Board of Experts
- Proactive, Integrated Risk-Management System
- Robust Anti-Corruption Controls
Firm Position as Korea’s Leading Real-Estate Finance Company
Grounded in sound governance, our independent board—staffed by experts—makes rational decisions. Its professionalism and independence underpin proactive, integrated risk management, transparent disclosure, and anti-corruption systems, sustaining our leadership in Korea’s real-estate finance industry.
Key Initiatives
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Sound & Stable Governance
Stable ownership anchored by controlling shareholders with majority stakesLong-term investor base of top financial institutions (policy banks, brokerages, etc.)
Fast and efficient shareholder information-sharing
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Board Expertise
Independence and effectiveness ensuredIndependent chairmanship by an internal director other than the major shareholder/CEO
Early adoption (May 2006) of outside directors with finance-industry expertise
→ professional, rational decision-makingSpecialized board committees (ESG, Risk Management, Audit)
Fair nomination via Outside Director Recommendation Committee
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Integrated Risk Management
Proactive risk-management systemStrengthening Legal Risk ManagementStepwise review: Department risk analysis → Divisional committee → Central Risk Management Team → Risk Management Committee
Strong legal-risk control with five in-house counsels; responsive to policy changes and asset-specific events
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Anti-Corruption
Adherence to internal controlsImplementation of a compliance monitoring systemEstablish and adhere to standards of conduct for legal compliance, transparent management, and the protection of shareholders and customers
CEO-led regular inspections of internal controls with reporting to the Financial Services Commission
Regular and ad-hoc employee training on internal controls and compliance Operation of anti-corruption whistleblowing channels for internal and external stakeholders, including investors, partners, and unit purchasersAppointment of a Compliance Officer by board resolution and assurance of an independent compliance function
KORAMCO–Partner Code of Conduct: A Healthy Promise for Co-Prosperity
KORAMCO Partner Code of Conduct
- Chapter 1. Respect for Fundamental Labor Rights
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1. No forced or unlawful labor; no employment of minors under 15; no harmful work assigned to vulnerable groups.
2. Observe legal working hours and benefits; pay at least the statutory minimum on time and transparently.
3. No inhumane treatment; protect privacy; provide equal opportunity without discrimination.
- Chapter 2. Safety and Health
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4. Eliminate hazards through equipment and training.
5. Establish systems to prevent/manage industrial accidents and protect physical/mental health.
- Chapter 3. Environmental Protection
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6. Obtain required permits/registrations; comply with laws and treaties.
7. Identify and safely manage hazardous pollutants; minimize environmental impact via GHG reduction, energy saving, recycling, and eco-friendly resources.
- Chapter 4. Ethical Management
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8. No unfair trade or corruption; manage to prevent bribes or improper benefits.
9. Protect personal (credit) information of customers/stakeholders; avoid abuse of superior position; maintain mutual respect.
10. Recognize responsibility to contribute to local communities and actively participate.
As a KORAMCO partner, we have read and will strive to comply with the ‘KORAMCO Partner Code of Conduct.’
Download KORAMCO Partner Code of Conduct
