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Operation of the Board of Directors
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Integrity Management Based on the |
In order to build a corporate culture of integrity management as well as to perfect its development to further realize the concept of sustainable management, FocalTech advocates and promotes behavioral integrity, and treats any kind of conduct that may constitute a violation of honesty, integrity and professional ethics in a strict manner by adhering to principles of justice and noncondonation. In addition, the Company regularly conducts education and training on integrity management. For new employees, internal and external laws and regulations related to professional ethics and integrity principles are incorporated in their pre-employment training course so as to reinforce the education and training in ethical management. Apart from that, the Company has also established the Code of Ethics for Honest Management and Practice in accordance with the Ethical Corporate Management Best Practice Principles for TWSE/GTSM Listed Companies, which requires employees to act in compliance with ethical standards based on the corporate philosophy of integrity, transparency and accountability. FocalTech strictly requires managers and employees at all levels to refrain from offering, promising, requesting or accepting any improper benefits, directly or indirectly, or committing any other dishonest behaviors that violate integrity, laws or breach of fiduciary duties in the course of conducting business.
The human resources/administrative department of the company is responsible for formulating the code of integrity management and professional ethics, and formulating plans to promote implementation. The audit office is responsible for supervising the operation of each unit, establishing a "reporting system" to encourage internal and external personnel of the company to report any illegal, unethical or violation of the integrity management code, and this method will be announced on the company website. Focaltech requires all members of the company to never sacrifice the interests of the company in exchange for personal interests, not to engage in any corruption, fraud and abuse of company assets, and not to engage in any behavior that is harmful to the company.
The Focaltech's Board of Directors passed the "Integrity Management and Professional Ethics Code" on October 26, 2018 and published it on the company website. The Sustainable Development Group regularly merges the ESG corporate governance work report to the board of directors every year.
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Code of Ethics for Honest Management and Practice |
Six Principles of the Code of Ethics for Honest Management and Practice
- Prohibition on Insider Trading
- Prohibition on Intellectual Property Infringement
- Prohibition on Offering and Acceptance of Bribes
- Prohibition on Improper Donations or Sponsorships
- Prohibition on Unreasonable Gifts, Entertainment, or Other Improper Benefits
- Recusal Due to Conflict of Interest
Code of Ethics for Honest Management and Practice Self-inspection
- Whether disclosure of the conduct would have a negative impact on the Company’s reputation
- Whether the conduct would be construed as an unjust performance of duty
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Implementation Highlights in 2024: |
- The spirit of the professional ethics code was explained in the education and training courses for new employees, a total of 63 people (Taiwan region).
- A total of 63 new employees (in Taiwan) signed a commitment to abide by professional ethics upon joining the company
- The employees filled in the promotional questionnaire to let them know the spirit of integrity management and the code of ethics. The completion rate of the backfill was 100%.
- In 2024/09/13, the Hsinchu Investigation Bureau was invited to teach business secret management in the company, a total of 34 person-times.
- In accordance with the "Internal Material Information Disclosure and Insider Trading Prevention Management Operating Procedures", directors will be notified of the trading closed period 15 or 30 days before the board meetings on 2024/2/23, 2024/5/10, 2024/8/9, and 2024/11/13.
- In 2024, no violation of insider trading was punished by the competent authority.
- In 2024, to complete system audits of 19 suppliers in production, including anti-corruption audits.
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Ethical Management Reporting Channels |
- In accordance with the Reporting Policies and Procedures established by FocalTech, a dedicated mailbox "whistleblower@focaltech-electronics.com" is available for all internal and external stakeholders to reflect their relevant opinions. These opinions will be directed to both the convener of the Audit Committee (an independent director) and Audit Senior Officer. Adhering to the principle of identity protection of the whistleblower, FocalTech conducts investigations in a strictly confidential manner, and forms an investigation task force when deemed necessary. The task force handles received reports and subsequent investigations in a confidential and rigorous manner.
- According to the Work Rules, employees can file a complaint to Human Resources and Administrative Unit by filling out the“ FocalTech Employee Complaint Form.” Based on the reported content, the Human Resources and Administration Unit will assess whether to convene the relevant units or form a committee to handle the matter in stages according to the Work Rules, and will take disciplinary actions depending on the severity of the situation.
