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POSCO-India reinforces ethical 'Code of Conduct' for sustainable management

Bhubaneswar, October 5, 2007: An Ethics Managemnt workshop was conducted at POSCO-India Corporate Office to formally reinforce’ Code of Conduct’ among employees. Speaking on the occasion, Mr. Soung-Sik Cho reminded every one that recently India celebrated the birth centenary of Mahatma Gandhi who practiced his preaching. In a like manner at POSCO-India employees need to practice ethical conduct rather than merely paying lip service to it.

Mr. CMD further commented that though short cuts may look lucrative, employees need to adhere to right path philosophy with determination, perseverance and faith never losing focus of the long term objective. He exhorted every POSCO man to symbolize loyalty, integrity, to stand as a believer in right path philosophy and to be a pioneer of ‘Can Do’ spirit.

Employees of POSCO-India collectively pledged to abide by the Company’s ‘Code of Conduct’. On the occasion, Dr. Saroj Kumar Mohapatra, GM HR was designated as the Ethics Officer for POSCO-India.

Though in formative phase, POSCO-India aspires to be a STAR company in every sense and is constantly striving to establish a win-win partnership with all concerned stakeholders. It seeks to be a company where customers like to do business, investors like to invest in and where employees are motivated to work. The organization intends to proceed with creativity and innovation as core driving forces.

In November first week, a special delegation from POSCO, Korea would conduct Ethics workshop for POSCO-India Corporate Office as well as Delhi Office employees

Pledge: Employees at POSCO-India Corporate Office taking oath to abide by 'Code of Conduct'

About POSCO-India

POSCO-India Private Limited is a subsidiary of POSCO, the world's No. 3 steel producer and one of the most competitive steel companies. POSCO signed a Memorandum of Understanding (MoU) with the Government of Orissa in June 2005, to set up a 12-mtpa green field steel plant near Paradeep, Jagatsinghpur District, Orissa, with an estimated investment of 52,000 crores. The company will build a 4 million tonne capacity steel plant in Orissa, during the first phase of its project by 2011 and expand the final production volume to 12 million tonnes by 2016.