Siemens holds NABIS graduation ceremony and CEO forum successfully
Seoul, March 24, 2013
• Siemens, in collaboration with FKI and local companies, educates college students about ethics and compliance
• NABIS designed to share real-world examples of ethics and compliance, helping college students grow into business leaders with integrity
A global powerhouse in electrical engineering and electronics, with innovative environmental caring technology and sound business management, Siemens Ltd. Seoul (SLS) and the Federation of Korean Industries-International Management Institute (FKI-IMI) held a graduation ceremony of the Northeast Asia Business Integrity School (NABIS), as well as a CEO forum, on March 22 at the Lotte Hotel with SeungCheol Lee, vice chairman of FKI and president of FKI-IMI, Johannes Regenbrecht, deputy ambassador at the German Embassy in Korea, Prof. Wang Zhile, director of Beijing New Century Research Institute for Multinationals, a Chinese partner for Siemens anti-corruption projects, and JongKap Kim, Chairman and CEO of Siemens Ltd. Seoul, in attendance.
NABIS is one of the projects among Siemens’ 31 global anti-corruption projects hosted by Siemens and the second round of the NABIS project includes Kook-min Bank, Doosan Heavy Industries & Construction, Samsung C&T, Shinsegae, Incheon International Airport Corporation, POSCO Energy, Korea Hydro & Nuclear Power, and SK Hynix. CEOs and executives from those companies that participated in the second round of the NABIS program agreed on the fact that, establishing the culture of ethical management with stakeholders is needed for what’s called ‘economic de-mocratization’ and ‘creative economy‘.
Siemens provides KRW1 billion to finance the program over a 3-year period since 2011, helping college students understand ethical leadership through real-world examples of ethics and compliance. Staff from 16 of Korea’s leading companies joined hands to create a curriculum and deliver lectures to students over the past two years. Case studies are to be published in a book, which will be used for college students at university business schools. The first round of the NABIS program was attended by GS Construction, KT, SK C&C, Kyobo Life Insurance, POSCO, SLS, Korea Electric Power Corp, and Homeplus.
Siemens and FKI-IMI plan to increase the number of companies participating in NABIS by 8, to 24. In addition, they will hand-pick college students for the third round of the NABIS program to expand the NABIS community of entrepreneurs and college students.
“NABIS is a global project that demonstrates our commitment to running our sus-tainable business with integrity,” said JongKap Kim, Chairman and CEO of Siemens Ltd. Seoul. “The new Korean and Chinese governments have emphasized the importance of making their countries truly governed by law. I want Korean companies to be well-respected and raise its competitiveness home and abroad by leading the fair competition culture as well as ethical management.
SeungCheol Lee, vice chairman of FKI and president of FKI-IMI, said, “Business ethics and compliance are important to a fair market economy. NABIS is significant in that with the support of Siemens, college students, who can become future business leaders, have an educational opportunity while local companies can cooperate in the establishment of a business environment free from corruption.”
▲SLS and FKI-IMI hold a NABIS graduation ceremony and a CEO forum on March 22 at the Lotte Hotel.
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For further information please contact:
Siemens Ltd. Seoul SeungYoun Lee (Tel. 3450-7701 / firstname.lastname@example.org)
Siemens in Korea
Siemens (Berlin and Munich), the global powerhouse in electrical engineering and electronics, provides the newest products, solutions and services through its innovative technologies in areas of industry, infrastructure & cities, energy and healthcare. Siemens has grown to around 370,000 employees in over 190 countries since its foundation in 1847. The company has been focusing on transparent management and social contributions as a good corporate citizen, as well as making research efforts into environmental care technologies. Since its foundation in the 1950s, Siemens Ltd. Seoul has taken the initiative in providing various business cooperation efforts, active investments and development based on its superior technology and global experience in order to create positive ties with Korean industries. Further information is available at www.siemens.co.kr