Ethical Governance
Ethical Management and Anti-Corruption
THSRC has established the Ethical Management Team, which is responsible for reviewing the Company's ethical management policies and implementation measures. It regularly monitors the implementation of mechanisms for countering unethical behavior and whistleblowing. The Company has established the "Ethical Corporate Management Best Practice Principles," which stipulates that the Board of Directors and management must actively implement the commitment to ethical management policies. These principles are subject to rolling adjustments based on the "Ethical Management Best Practice Principles for TWSE/TPEx Listed Companies." The Company also implement other relevant internal codes such as the "Code of Ethical Conduct," "Public Interest Whistleblower Protection Act," and "Employee Code of Conduct," along with robust education and training to enhance the anti-corruption awareness of all employees. THSRC actively prevents behaviors that do not comply with integrity principles or violate internal regulations. For details on management measures and the fulfillment of ethical management, please refer to page 135-139 of the Annual Report.
In 2025, the education training and written advocacy in prevent insider trading are listed as follows:
| Period | Object | Form | Content |
|---|---|---|---|
| 2025/1, 2025/4, 2025/7, 2025/10 | Directors | Document | Example for company insiders' violations of “Securities and Exchange Act” |
| 2025/9 | Directors | Document | Advocacy on preventing insider trading, which including relevant news cases, insider trading concepts, and legal responsibilities. |
| 2025/1, 2025/4, 2025/7, 2025/10 | Insiders and Quasi-insiders | Document | Stock trading during closed periods (30 days prior to public disclosure of annual reports and 15 days prior to public disclosure of quarterly financial reports) is prohibited for insiders (directors and managers) and inadvisable for quasi-insiders. |
| 2025/1, 2025/4, 2025/7, 2025/10 | Insiders and Quasi-insiders | Document | Important stipulations pertaining to Articles 22-2, 25, 157-1 of the Securities and Exchange Act, and the Corporation's Regulations for Management of the Prevention of Insider Trading. |
| 2025/8/22 ~12/31 | Employees | Online | Course on preventing insider trading, which including relevant news cases, insider trading concepts, and legal responsibilities. |
All Directors and senior managers of the Company have signed the "Ethical Management Policy Statement." Although no specific anti-corruption training programs for the Board of Directors were conducted in 2025, the Company provides relevant written information to the Board whenever competent authorities disseminate anti-corruption updates or new regulatory information. The details of training programs related to ethical management and anti-corruption held for new recruits and all employees in 2025, including the number of participants and training hours, are as follows :
- The total number of new employees who participated in the anticorruption policy promotion sessions was 449, accounting for 8.9 % of all employees.
- A total of 5,025 people participated in the digital training courses on integrity management and prevention of insider trading, accounting for 100 % of all employees, with a total of 2,512.5 hours.
THSRC has set up the "Ethical Corporate Management Grievance Mechanism" and the "Regulation of Whistle-Blowing System for Unlawful, Unethical Conduct and Dishonesty Behavior" to provide internal and external stakeholders, including employees, shareholders, and investors, with channels to raise concerns or report illegal matters discovered in relation to ethical management, anti-corruption, and human rights issues to the dedicated unit and the Internal Audit Office. Through these mechanisms, a comprehensive complaint channel has been established to promote the Company's culture of ethical management. For detailed information on the grievance channels, please refer to the THSRC corporate website. In 2025, THSRC was not penalized by any competent authority for corruption incidents, and there were no related grievance cases. We will continue to hold ourselves to the highest standards of integrity.
In view of the fact that suppliers are THSRC's important partners, THSRC has formulated the "Supply Chain Management Policy," "Principles of Handling Unusual Conduct Among Manufacturers," "Procurement Regulations," and related specifications with reference to international industry standards to strengthen sustainable supply chain management, and indicates anti-corruption policies and procedures in the tender instructions to ensure bidding behavior complies with the principles of fairness, justice, and openness. Suppliers may be required to provide explanations if any violation is identified, and those with particularly serious violations may be listed as prohibited suppliers. THSRC has completed the Supplier Code of Conduct, which incorporates ethics (including business integrity, fair trade, avoidance of conflicts of interest, and intellectual property rights). In 2025, there were a total of 1,149 public procurement cases through public tender announcements promoting anti-corruption policies, and no cases of suppliers' violations of integrity-related requirements were identified.
If any of our internal and external stakeholders, including shareholders, investors, directors, managers, and employees, discover any integrity violation or other illegal activities, they may report it to our Audit Office through phone number (02) 8725-1188, or the email address ethics_MBOX@thsrc.com.tw. Please refer to our “Regulation of Whistle-Blowing System for Unlawful, Unethical Conduct and Dishonesty Behavior” for reporting procedures.