Promoting Ethical Corporate Management

1.Unit Responsible for Ethical Corporate Management

To implement sound ethical corporate management (ECM), our HR Department has been given the responsibility of establishing and supervising our ECM policies and prevention programs, and reports to the Board of Directors on a yearly basis.

2. Main Responsibilities

The primary responsibilities of our ECM unit are to:

  • Assist other departments in integrating ethical and moral values into the company’s business strategy and formulating ECM-related prevention measures and a system of checks and balances in line with existing laws and regulations.
  • Plan ECM-related prevention programs that include relevant standard operating procedures and behavior guidelines.
  • Supervise and assist in optimizing the internal organization, structure and management of each department, and set up a system of mutual checks and balances to target activities with higher ECM risk factors inside the parameters of the company’s operations.
  • Promote and coordinate ECM policies and training.
  • Establish a reporting system and monitor the effectiveness of its implementation.
  • Coordinate with the Board of Directors in supervising senior management’s review and assessment of whether the implemented ECM-related prevention measures are operating effectively, and periodically produce evaluation reports on the progress and compliance of relevant business processes.

3. Results

Each year, we engage in ECM-related education and testing, actively implement ethical values and integrity, and strengthen our corporate governance and risk management to deeply embed our ECM culture into all employees.

In 2020, our ECM lectures, director and supervisor corporate governance courses, and legal/auditor corporate governance courses were attended by 269 people from our investment and management companies for a total class time of 365 hours. Our company had no incidents of unethical behavior in 2020.

4. Access to Ethical Corporate Management Grievance System:

  • Complaints
  • Complaints Line:+886-2-2396-8020 ext.1395
  • Complaints Fax:+886-2-2322-7809
  • Complaints Letter : Please send it to Human Resources Dept., YFY Inc.

5. Insider Trading Prevention

Our Board of Directors has passed a resolution on “Procedures for the Prevention of Insider Trading”, which requires any staff participating in projects involving confidential information that may have a major impact on share prices to sign an “Prevention of Insider Trading Letter of Undertaking” and “Non-disclosure Agreement”.

If a meeting of the Board of Directors involves major issues or motions that may have an impact on the company’s share price, our legal department will remind the directors and managers present of the regulations prohibiting insider trading under Article 157-1 of the Securities and Exchange Act.

When carrying out ECM-related training, personnel from our legal department will educate staff on the regulations prohibiting insider trading.