Code of Ethics for Finance Officers and Employee
Dear fellow executives and employees of Shinhan Financial Group,
We, Shinhan Financial Group, have grown to become one of the leading financial institutions in Korea by providing our customers with the highest standard of
services and products. We will further enhance our position as a leading global financial group by implementing the most transparent management practices.
Our journey to this point has been paved with constant challenges towards transformations and innovations, and our accomplishment has been possible with trust
and reputation from the market and our customers through our endeavoring passions to build new financial standards and our absolute commitment to abide
with the highest standard of integrity and ethic values.
As we are now pioneering to step ahead to enter a new financial era, we should give the priority to enhance our good reputation and reliance from
the market and our customers by re-affirming and practicing the sense of value based on integrity and standard of conduct based on ethics.
Thus, we introduce the "Code of Ethics for Finance Officers and Employees (hereafter 'Code of Ethics')" in order to enhance the accuracy and transparency
in accounting practices, maintain the reliability in our financial information, prevent conflict of interests, and protect corporate and customer information
and again, we stress the importance of the standard of value and code of ethics as financial experts.
All of us are encouraged and required to constantly comply with the 'Code of Ethics' and should be aware that this 'Code of Ethics' is the most fundamental
and crucial guideline to keep not only our social and legal obligations but also our honor and pride as officers and employees of a leading financial institution.
Finally, we assure that our fame and reputation based on high standard of integrity and ethic values are the most valuable asset and the driving force
for our future advancement, therefore we proclaim that this belief cannot be surrendered.
Thank you.
Chairman & CEO
Shinhan Financial Group
The purpose of this Code of Ethics is to strengthen the completeness, accuracy and fairness of the finance-related documents
and the soundness and transparency of the accounting procedures of Shinhan Financial Group and its subsidiaries (and subsidiaries thereof,
hereinafter the “Subsidiaries”).
This Code of Ethics applies to the management of Shinhan Financial Group and the Subsidiaries, including the representative director, the officer
in charge of finance, division heads, and employees involved with financial management, accounting, financing, risk management, tax
and investment (hereinafter the “Finance Officers and Employees”).
The Finance Officers and Employees shall abide by this Code of Ethics and the Codes of Ethics of the respective Subsidiaries by which they are employed
and shall perform their duties with the highest level of honesty and ethical standards.
As Finance Officers and Employees, we are required to do the following:
- We shall not act contrary to the interests of the company, and in the event there is a clear or potential conflict between personal interest and the interest of the company we shall always act with honesty and in accordance with ethical standards.
- We shall protect information relating to Shinhan Financial Group, our respective companies and customers that we obtain in the course of performing our duties, and shall not inappropriately divulge such information unless in compliance with appropriate procedures mandated by applicable law.
- We shall prepare, maintain and timely disclose, with completeness, fairness, accuracy and transparency, information publicly announced or submitted to the securities exchange commission and other regulatory authorities in and outside ofKorea.
- We shall abide by any and all applicable Korean and overseas laws, regulations of applicable regulatory authorities and policies of self-regulatory organizations to which our respective companies belong.
- In the event that we violate or this Code of Conduct or there is a concern that we may so violate, we shall immediately report to the legal compliance officer or related epartment of Shinhan Financial Group and the legal compliance departments of our respective companies. Provided that, in reporting to the legal compliance departments of our respective companies, we shall abide by the procedures set forth in the codes of conduct established by our respective companies to the extent there are such separate procedures.
We unequivocally acknowledge that a violation of this Code of Conduct may constitute a violation of related law, and further that in such event,
such violation of this Code of Conduct may have a negative impact on our assets and reputation and those of Shinhan Financial Group and we may
have legal liability related thereto.
The Finance Officers and Employees shall consult with the legal compliance officer or law officers of Shinhan Financial Group and their respective companies
in the event that such officers and employees wish to confirm whether their act is in compliance with this Code of Conduct or there is a question
as to whether their act may violate applicable law.