THC has drawn up "Corporate Governance Best Practice Principles", "Ethical Corporate Management Best Practice Principles", "Ethical Conduct Codes of Directors and Managers", and "Whistle-blowing Procedures for Violations of Ethical Corporate Management", and appropriate prevention measures against corruption and malfeasance. All THC Directors, senior management, and employees are committed to thoroughly implement such policies. The Auditing Office is in charge of assessing the internal operating procedures of the internal control system based on established duties and responsibilities of various departments and the Company’s management policy of organization, authority and responsibility, and conducting regular and irregular internal control and audit every year to establish a supervisory mechanism to prevent the occurrence of internal unethical and improper behaviors.
Ethical Corporate Management Best Practice Principles
The General Administration Department of the Company made "Ethical Corporate Management Best Practice Principles" in November 2015 which has been resolved by the Board of Directors that year and resolved in the shareholders’ meeting. These Principles have been released on the THC website for the reference of all stakeholders. These Principles state that when engaging in commercial activities, directors, managers, and employees shall not directly or indirectly offer, promise to offer, request or accept any improper benefits, nor commit unethical acts including breach of ethics, illegal acts, or breach of fiduciary duty for purposes of acquiring or maintaining benefits. These Principles have been amended by the Board of Directors on March 23 and May 8, 2020 and resolved in the shareholders’ meeting on June 19, 2020.
Whistle-blowing Procedures for Violations of Ethical Corporate Management
To implement the ethical management policy and actively prevent unethical conduct, the General Administration Department set up Whistle-blowing Procedures for Violations of Ethical Corporate Management on July 24, 2018 which has been implemented after approval by the Chairman/General Manager to build up the policy of the Company’s internal and external whistle-blowing channels and procedures. Reporting channel:
Email: ethics@mail.honchuan.com.tw
Address: No.6, 2nd. Road, Industrial Park, Xitun Dist., Taichung Taiwan, R.O.C (To Auditing Office)
2024 Performance
- The Company holds related courses in "Ethical Corporate Management Best Practice Principles" to every new employees, and provides related educational trainings and promotion irregularly for directors, managers and employees. In 2024, the Company held in total 369 attendants and 369 hours of courses related to ethical corporate management.
- Irregularly promote ethical management in departmental meetings and operations meeting, and require all employees to implement it.
- The execution of ethical management in 2024 was reported to the Board of Directors by the chief auditor on March 7, 2025.
