Ethical Corporate Management


Ethical Corporate Management Culture

SinoPac Holdings established the " Ethical Corporate Management Committee" in 2018. The " Ethical Corporate Management Committee" consists of 7 members including the Independent Directors of SinoPac Holdings, Bank SinoPac, and SinoPac Securities. Meetings of the Committee are convened at least once every six months. The Committee is responsible for the review of the ethical corporate management policies and prevention programs, and for supervision of the implementation performance of the managerial departments.

Ethical Corporate Management Policy and Management

SinoPac Holdings established comprehensive ethical corporate management policy for different stakeholders as the basis for compliance by all employees of SinoPac Holdings and subsidiaries. The regulations require employees to process business affairs in an objective manner and recuse themselves from conflicts of interest.

Implementation of Ethical Corporate Management

SinoPac Holdings organizes regular internal awareness campaigns and communicates the importance of ethical corporate management and whistleblowing issues to all employees each year. The policies and regulations for ethical corporate management and whistleblowing system are included in the orientation training courses for new employees and the Statements of Compliance with the Ethical Corporate Management Policy is included as a document that must be signed by new employees when they report for duties.

For suppliers, SinoPac Holdings requires suppliers to comply with the " Supplier Corporate Social Responsibility Code of Conduct" to encourage suppliers to fulfill corporate social responsibility together. It also requires SinoPac Holdings and subsidiaries to evaluate the legality and ethical corporate management policy of distributors, suppliers, and customers and determine whether there are records of unethical acts to ensure that the party conducts business in a fair and transparent manner. When engaging in commercial activities, the Company shall explain its ethical management regulations to the counterparty, and shall clearly refuse to provide, promise, request, or accept, directly or indirectly, any improper benefit in whatever form or name. In addition, SinoPac Holdings' clearly defines the mechanisms and whistleblowing channels.