TMC is a trusted and well-respected company on the strength of our technical capability to build the world's finest cable products and our ethical corporate culture.
Many in our society have emphasized the importance of ethical management as a means to advance the social responsibility of their business.
Things that could have been dismissed as simple accidents or mistakes now have the potential to create a devastating effect on the reputation of a company, in addition to the criminal and civil responsibilities, as the demand for social responsibility of businesses soars.
Such changes in our business environment mean that even the slightest mistake or misjudgment can have a devastating effect on the company both in terms of finance and reputation. It can be a matter of life and death for a company.
Some undesirable acts might have been profitable to the company in the past. However, if we forget ethical management for the sake of growth, we will at some point pay dearly for the mistake.
TMC understands that ethical management, which is based on transparency and trust, can be the core element not only for the competitiveness of the company but also for its sustained growth and survival.
TMC has been practicing transparent management in which the board of directors play the leading roles; and as the executives of the company, create a set of checks and balances with one another. We have also developed a managerial system that ensures our persistence in the face of any changes, including adoption of the international accounting standards for our financial activities.
TMC has received many prizes and awards by the government and key domestic and international customers due to our world class technical capability. Now, we are about to take one step further by adopting ethical management that meets global standards, based on the practice of transparent management of our company.
Ethical management reflects the moral standards of society in general to the company's operation based on the understanding that the social responsibility of a company is just as important as its business achievements.
To make the company's operation sustainable in the global arena, TMC has been providing employees with the ethics creed and the rules for ethical management. Since March 2014, we have officially declared our commitment to practice ethical management and to adopt the principles of the ethical management to our business activities as a whole.
We have formed the office of ethical management, which is composed of the C.E.O. and other key executives of the company. The role of this group is to provide a guideline for the ethical management of the company, provide training and educationand do other work to lay the foundation for ethical management of the company.
With this, TMC, will stay committed to embracing the ethical management as part of our corporate culture and make it the standard for all employees when making business decisions.
