Page 57 - SCG Code of Conduct

10.1
All of SCG business operation abroad including establishing a company, plant, office, branch, agent; trading with dealer;or doing acquisition overseas must comply with the laws and rules applicable in that country which SCG has invested and perform as good citizen in each locality. Moreover, such business operation must also take into account the circumstances, customs, traditions, and culture of each locality.
54
Doing Business Abroad
Principle
Guidelines
1. Completely comply with all the local laws. In case SCG has guidelines, regulations and procedures that are higher or better than those stipulated by the laws, the guidelines, regulations and procedures of SCG must be complied.
2. Refuse doing any transaction likely to be against the local laws and consult your superior or SCG’s legal counsel when you notice transactions that may be unclear, non-compliance with regulations or have conflicts with local laws, customs, traditions or culture.
3. RegularlymonitorupdatesoflawsorregulationsinthecountrieswhereSCG operates. In case of doubt, consult SCG legal counsel or relevant persons.
Examples
01
If someone offers you an assistance in requesting for plant license abroad claiming that he could access to competent officers who issue the license. However, this is against the procedure prescribed by law. What should you do?
Advice
Refuse that offer and follow normal procedure and report your superior.
02
In case of business acquisition abroad and the seller requests to state the prices in the documents lower than actual prices to accommodate the seller to pay less taxes, what should you do?
Advice
Refuse that request and consult SCG’s legal counsel. You have to also study and find other solution that is more appropriate and legitimate.