(1) What is material?
Certain provisions of the SEC apply only to matters that are “material” to the financial condition of the company. Therefore, interpretation and application of those provisions relates to the issue of “what is material”.
Item 101 of Regulation S-K requires that companies must disclose material effects that compliance with environmental law will have on earnings, c
Non-Financial risk management system like Labor, Human rights, Environment, Ethics. They also joined Electronic Industry Citizenship coalition called EICC. And their employees donates and doing volunteer works. Thus, LG electronics more actively participate in CSR program.
Interview with employee in LGE
We interviewed with the employee who has been working at the Global Service division sinc
Definition of the Pay
Wage
A compensation in exchange for labor
Annual Salary
A form of periodic payment
Incentive
Any factor (financial or non-financial) that enables or motivates a particular course of action
Payment System
P.S[Profit Sharing]
The biggest amount among incentives
If employees exceed the purpose,
they can get maximum 20% of exceeded benefits.
If evaluated
Main: who?
Eat breakfast
Health-conscious person
Prefer organic & natural foods
Don’t want to spend much time to
prepare and have breakfast
Sub: who?
Don’t eat breakfast because of no time
Prefer simple and convenient foods
Organize monitor group
-Upload reviews
Evaluation
Feedback
→ provide activity payment
Non-financial goals
1. Development of a new CUV market in Korea.
2. Improvement of KIA Motors' brand image through SOUL.
3. Satisfaction of customer's needs that customize their car through tuning service TUON.
4. To create Corporate Social Responsibility and enhance environmental-friendly image, it enhances the enterprise-wide community service activities and traffic safety campaigns with yo