| Evaluation items |
Implementation Status |
Deviations from,“the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed,Companies” and Reasons |
| Yes |
No |
Abstract Illustration |
(1) Establishment of ethical corporate management policies and programs
a. Does the company declare its ethical corporate management policies and procedures in its guidelines and external documents, as well as the commitment from its board to implement the policies?
b. Does the company establish policies to prevent unethical conduct with clear statements regarding relevant procedures, guidelines of conduct, punishment for violation, rules of appeal, and the commitment to implement the policies?
c. Does the company establish appropriate precautions against high-potential unethical conducts or listed activities stated in Article 2, Paragraph 7 of the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies?
|
V |
|
a. The Company has stipulated “Ethical Corporate Management Best Practice Principles” and “Ethics and Professional Standards” to regulate directors, independent directors, managers and employees and implemented the relevant regulations decrees of Company Act, Securities Exchange Act, relevant laws and regulations for TWSE/GTSM listed companies based on the basic principle of ethical management. Directors and senior managers also take active part in the continuing courses in terms of ethic management and regulated by the laws and decrees to put ethical management into effect.
b. We undertake business activities based on the principles of fairness and good faith. In order to implement ethical management policies and prevent the acts with dishonesty, we have established [Procedures for Ethical Management and Guidelines for Conduct] to regulate operation procedures, guidelines for conducts, punishment for violations as well as appeal systems and made them into effect. Besides, by proceeding regular educational training for employees we advocate the spirit of ethical management.
c. The [Procedures for Ethical Management and Guidelines for Conduct] of The Company has clear demonstrated that the personnel within the company shall return or refuse the benefits provided by others directly or indirectly or interests promised to be given in any forms or under any names and then report to immediate supervisors and inform the competent units to handle according to [Procedures for Ethical Management and Guidelines for Conduct]. Furthermore, there are impeach mechanisms and relevant penalties to effectively prevent the personnel from giving or taking illegitimate benefits or offering illegitimate political contributions along with the relevant internal control systems.
|
None;
accord with Corporate Governance Best Practice Principles for TWSE/GTSM Listed
Companies |
(2) Fulfill operations integrity policy
a. Does the company evaluate business partners’ ethical records and include ethics-related clauses in business contracts?
b. Does the company establish an exclusively (or concurrently) dedicated unit supervised by the Board to be in charge of corporate integrity?
c. Does the company establish policies to prevent conflicts of interest and provide appropriate communication channels, and implement it?
d. Has the company established effective systems for both accounting and internal control to facilitate ethical corporate management, and are they audited by either internal auditors or CPAs on a regular basis?
e. Does the company regularly hold internal and external educational trainings on operational integrity?
|
V |
|
a. The Company will always evaluate whether the suppliers, customers or other objects with business contacts have records of dishonesty before establishing partnerships with them. And clearly demonstrate in the contract that if the suppliers violate the environmental and social responsibilities and cause negative impacts on the environment and society, the contract will be terminated or removed at any time to make sure the fulfillment of ethical management policies.
b. The Instruct General Manager Office is a specially-assigned unit for stipulating corporate ethical management policies, supervising the implementation of them as well as reporting to the Board of Directors regularly.
c. The Company has passed and stipulated [Procedures for Ethical Management and Guidelines for Conduct] at the Board of Directors in 2014 which precisely described the conditions of interest contradictions, required relevant personnel to avoid these contradictions and implemented according to the Procedures in case of contradictions between personal interests and corporate rights and interests. All the employees within the company have signed [Letter of Commitment for Professional Code of Ethics] and promised to avoid the conditions of sacrificing corporate interests due to personal interests or affairs causing contradictions to the corporate interests.
d. The Company has established accounting systems according to IAS and stipulated internal control systems based on [Criteria for the Establishment of Internal Control System for Listed Companies], found internal competent auditing units to undertake risk evaluation and verification according to planned verification scheme. In addition, we conduct comprehensive self-assessment along with all the departments within the company during the period of annual self-assessment of internal control system and reported the verification results to Audit Committee and Board of Directors on a regular basis.
e. We have intensified the promotion of relevant policies of ethical management by internal net and required all the staff to sign the Letter of Commitment for Professional Ethics. Furthermore, we also undertake annual educational training plans and have internal training courses for personnel when necessary.
|
None; accord with Ethical Corporate Management Best Practice Principles for TWSE/GTSM Listed Companies |
(3) Operation of the integrity channel
a. Does the company establish both a reward/punishment system and an integrity hotline? Can the accused be reached by an appropriate person for follow-up?
b. Does the company establish standard operating procedures for confidential reporting on investigating accusation cases?
c. Does the company provide proper whistleblower protection?
|
V |
|
a. The Company has stipulated [Procedures for Ethical Management and Guidelines for Conduct] and rewarded the impeach if checked to be true and correct according to the seriousness of the cases. Moreover, there are general manager mailbox for internal impeach and audit committee mailbox, ethical management impeach mailbox and employee complaints mailbox for external impeaches, which will be handled by competent units according to the procedures for complaints mailbox handling.
b. The Company has stipulated handling procedures for complaints and clear stated that the competent authorities to keep confidential.
c. The personnel handing with the impeaches are required to promise to keep the identity of prosecutors confidential in a written statement and The Company protects the prosecutors from being improperly treated because of impeaches.
|
None;
accord with Corporate Governance Best Practice Principles for TWSE/GTSM Listed
Companies |
(4) Intensify information disclosure
a. Does the company disclose its ethical corporate management policies and the results of its implementation on the company's website and MOPS?
|
V |
|
The Company has disclosed the contents of Ethical Corporate Management Best Practice Principles stipulated on corporate website (http://www.danentech.com/investor_cg_more.aspx?ID=5) and Market Observation Post System |
None; accord with,Corporate Governance Best Practice Principles for TWSE/GTSM Listed Companies |
(5) If the company has established the ethical corporate management policies based on the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies, please describe any discrepancy between the policies and their implementation:
No difference; accord with Ethical Corporate Management Best Practice Principles for TWSE/GTSM Listed Companies The Company has stipulated “Ethical Corporate Management Best Practice Principles” and “Ethics and Professional Standards” to regulate directors, independent directors, managers and employees and implemented the relevant regulations decrees of Company Act, Securities Exchange Act, relevant laws and regulations for TWSE/GTSM listed companies based on the basic principle of ethical management. Directors and senior managers also take active part in the continuing courses in terms of ethic management and regulated by the laws and decrees to put ethical management into effect. |
(6) Other important information to facilitate a better understanding of the company’s ethical corporate management policies (e.g., review and amend its policies).
a. We have passed and established [Ethical Corporate Management Best Practice Principles] and [Procedures for Ethical Management and Guidelines for Conduct] at Board of Directors in 2014, and provided an amendment after the resolution of Board of Directors on March 25th, 2015 which was later passed at general meeting of year 2015.
b. In order to strengthen the determination of ethical corporate management, we have formulated [Ethics and Professional Standards] and all the staff is required to sign Letter of Commitment for Professional Ethics. The signing rate of year 2015 reached 100%.
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