Home1. Establishment of Ethical Management Policy and Scheme
(1) On March 8, 2024, the board of directors formulated to establish the “Ethical Corporate Management Best Practice Principles” and “Procedures for Ethical Management and Guidelines for Conduct”. The Company did not set up the integrity policies approved by the board of Directors. However, the contracts signed by the Company in the course of its operation are based on the principle of good faith and mutual benefit to sign a reasonable contract and actively fulfill the contractual commitments according to the Principles and Procedures. In addition, The directors may not participate in the discussion and voting and should evade when the content of discussion is harmful to the interests of the company.
(2) The “Ethical Corporate Management Best Practice Principles” and “Procedures for Ethical Management and Guidelines for Conduct” and the internal regulations "Prevention of Bribery and Acceptance of Bribes" have clearly prohibited unscrupulous acts such as bribery, acceptance of bribes, illegal political contributions, improper donations or sponsorships, offering or accepting unreasonable gifts, hospitality and other improper benefits. The regulation stipulates the handling procedures when accepting unfair benefits, the disciplinary punishment and appeal system, and regularly assess the risk of dishonesty behavior for business activities with high dishonesty behavior within the business scope, and accordingly revise the plan to prevent dishonesty behavior and related internal control system.
(3) In order to prevent dishonest behaviors, the Company clearly stated that directors, managers and employees shall not have dishonest behaviors in the “Ethical Corporate Management Best Practice Principles” and “Procedures for Ethical Management and Guidelines for Conduct” and “Code of Ethical Conduct” and “Provisions on Preventing Bribery and Acceptance of Bribes”, and The company provided regularly internal promotion of the ethical management policy to any director, managers, employee, mandatary. In addition, the company have rigorous accounting systems, internal control and audit systems to prevent dishonesty. A reporting system has been established to encourage internal and external personnel to report illegal and dishonest behavior. The Company regularly evaluates the implementation situation.
2. Ethical Management
(1) The company will consider the legality of the business party and whether there is a record of dishonesty before having contacts with the business party, and avoid trading with those who have dishonest records. The business units will communicate the company's ethical management policy to the company's business partners.
(2) On March 8, 2024, the board of directors formulated to establish the “Procedures for Ethical Management and Guidelines for Conduct”. This Corporation shall designate the Finance Department as the solely responsible unit. On November 6, 2024, The responsible unit submit reports to the board of directors.
(3) The company's "Rules for Board of Directors’ meeting Procedures" stimulates a system for avoiding directors' conflict of interests. Those who are interested in the bills listed by the board of directors and their own legal persons, may express the opinions and answer questions, but may not join the discussion and voting, and shall not act on behalf of other directors to exercise their voting rights.
(4) The Company carries out the inspection of the accounting and the internal control system through the internal auditors, certified public accountant, and self-evaluation in accordance with the law, and reports the results to the Board of Directors.
(5) The integrity management has been included in the education and training for the new comer. The company provided regularly internal promotion of the ethical management policy to any director, managers, employee, mandatary. On August 23, 2024, The company provided internal promotion of the ethical management policy via email. Communicate the importance of integrity to any director, managers, employee, mandataryctively promote them.
3. Operation of Whistleblowing System
(1) The Company’s “Procedures for Ethical Management and Guidelines for Conduct”.“Employee Code of Conduct” and the “Provisions to prevent bribery” have clearly defined the reward and discipline system, and the personnel unit and the audit office will handle the related matters.
(2) The Company’s “Procedures for Ethical Management and Guidelines for Conduct”. “Employee code of conduct”, “Provisions to prevent bribery” and “internal control system” have included the relevant procedures and confidentiality mechanisms for investigations of reported malpractices.
(3) The company will enforce protective measures to assure that the good faith informer will not be retaliated against.
4. Enhancement of Information Disclosure
Ta Yih has disclosed the information relevant to the aforementioned ethical management on the website at www.tayih-ind.com.tw.