"Integrity" is Chun Yu's operating principles and corporate culture, and a good, honest, and clean operating system is one of the important cores of corporate sustainable development. In order to cooperate with the government's corporate governance blueprint and achieve the aforementioned sustainable goals, establishing a sound integrity system, establishing a fair supervision unit, and complete education and training are important issues for the company to prevent fraud and reduce business operating risks.
Policy / Strategy
The company takes the principles of "fairness, honesty, trustworthiness, and transparency" as the core of its operations.
Goals And Targets
Directors, senior management, managers and colleagues are required to fully understand and abide by the integrity management policy to achieve zero corruption, bribery and other violations of integrity management.
Performance And Adjustment
After inspection, Chun Yu has not been punished by the competent authority for violating relevant laws and regulations such as integrity management, anti-competitive monopoly, and corruption in 2021; nor has it received any reports of violations of integrity management.
Management Evaluation Mechanism
1. Internal Measures
1. The company formulated the "Board of Directors Performance Evaluation Measures" in 2020, and amended the regulations in January 2022 to give full play to the self-motivation of board members and fulfill the obligations of good managers to improve the function of the board of directors' operation and supervision.
2. The company has established the "Corporate Governance Code of Practice", "Code of Ethical Conduct" and "Code of Integrity Management", which specifically regulate the matters that personnel should follow when performing business, and also state the integrity management policy on public platforms such as internal regulations, regulations, annual reports, and company websites.
3. The company has established the "Fraud Reporting Operation Measures" to prevent self-serving fraud, corruption and other violations of integrity management, and to make the company's personnel understand and promise that when performing their duties, they will not directly or indirectly provide, accept, demand or execute any improper benefits, or use their positions to engage in other illegal or violation of entrusted obligations.
2. Internal Audit
1. The company's internal audit unit formulates audit plans, regularly submits audit reports, and prepares reports for audit deficiencies and improvement suggestions, and submits them to the board of directors and the audit committee, explaining the implementation results and tracking status.
The company's internal audit unit accepts complaints and reports. The handling process and the complainant are kept confidential; the trial of the case is carefully verified, and it is handed over to the relevant unit for proper handling after review.
Preventive Or Remedial Measures
1. Establish A Code Of Conduct
Establish a good code of conduct, as well as a culture and atmosphere of integrity.
2. Assess The Risk Of Fraud
Identify and analyze fraud risks based on the core business of the enterprise.
3. Develop Evaluation Methods
Establish an appropriate performance evaluation mechanism to avoid inappropriate indicators that cause resistance and compulsion in employees or management, which may lead to fraud motives.
4. Establish A Reporting Mechanism
Based on the fact that prevention is more important than detection, pre-examination measures and reporting procedures are set up to facilitate the investigation and evidence collection of fraud incidents.
5. Establish A Response Mechanism
Carry out detailed investigations and immediately initiate improvement measures for the fraud incidents or violation units that have occurred.
6. Formulate Punishment Measures
In accordance with the laws and regulations of the competent authority, formulate reasonable and legal punishment regulations to deter and prevent violations.
