Nova established the "Ethical Corporate Management Best Practice Principles," "Code of Ethical Conduct," "Procedures for Ethical Management and Guidelines for Conduct," "Corporate Governance Best Practice Principles," and "Corporate Social Responsibility Best Practice Principles" to implement the business philosophy of integrity and simplicity. These policies regulate the ethics and sense of responsibility that the staff should have when conducting business, so as to ensure that they engage in business activities with high ethical standards. Among them, the "Code of Ethical Conduct" specifically stipulates that directors and managerial officers shall not directly or indirectly provide, accept, promise or request any improper benefits or engage in other unethical or illegal activities or act in violation of fiduciary duty. To raise employees' awareness of ethical corporate management, the President personally promotes the aforesaid policies in the staff meetings; in addition, these policies are announced on the intranet for employees' access at any time. Sessions of training on ethical corporate management are also held to disseminate ethical conduct and practices. In 2019, the number of trainees reached 148. Ethical corporate management is also listed as required training courses online to urge the staff to achieve the goal of ethical corporate management.
Training on Ethical Corporate Management in 2019
| Male | Female | |||
|---|---|---|---|---|
| Type of Employee | Training Hours | Number of | Training Hours | Number of |
| Managerial | 16.79 | 37 | 5.88 | 14 |
| Non-managerial | 21.37 | 61 | 13.62 | 36 |
| 38.16 | 98 | 19.50 | 50 | |
In addition to the staff of the Company, all qualified suppliers are required to read thoroughly and sign the "Supplier Commitment," which specifies that qualified suppliers are strictly prohibited from providing improper gifts, invitations, or entertainment for employees of the Company in the course of conducting business, nor shall they give bribes, kickbacks, commissions or other unjustified benefits for the purpose of closing the deals. If a supplier finds that an employee of the Company is taking advantage of his/her position to solicit for improper benefits, it shall inform the Company immediately. Once identifying the above situation, the Company has the right to terminate or immediately rescind the transaction between the parties
Anti-Corruption Reporting Mechanism and Channel
In 2019, no corruption incidents were reported as a result of proper control over corruption risk.
- Reporting Mechanism: Reporting mailbox
- Reporting Channel：Audit@novatech.com.tw
- Telephone：03-6676868
- Unit in Charge: President and Auditing Office
Code of Ethical Conduct of Nova Technology Corp.——Nova's Practices
- 1. The employees of the Company are prohibited from providing or receiving improper benefits or engaging in business activities with unethical agents, suppliers, clients or other counterparties that operate in unethical terms.
- 2. The employees of the Company shall abide by the relevant regulations to avoid unethical conduct.
- 3. The employees of the Company shall recuse themselves promptly when encountering a conflict of interests.
- 4. The employees of the Company shall abide by the relevant regulations regarding trade secrets and shall neither disclose the Company's trade secrets known to them nor inquire into or collect trade secrets that are not relevant to their duties.
- 5. The Company's major business policies, investments, acquisition or disposal of assets, loans, endorsements and guarantees, and bank facilities shall be evaluated and analyzed by the departments in charge and then submitted to the Board of Directors for deliberations and resolutions.
- 6. The Financial Department is responsible for reviewing transactions in accordance with the accounting standards and conducting credit investigations. In case of major or doubtful matters, it shall consult the certified public accountants for confirmation. Matters and information that should be disclosed according to law are declared with the authorities and announced on a regular basis.
- 7. The Auditing Office is responsible for conducting scheduled and unscheduled audits on the departments to ensure the sound and effective implementation of the internal control system.
- The Company always upholds "integrity" as the business philosophy in order to create a sustainable operating environment. Our commitments to ethical corporate management can be manifested by the disclosure of company information on the company website and the Market Observation Post System, sound corporate governance ("Ethical Corporate Management Best Practice Principles" and "Procedures for Ethical Management and Guidelines for Conduct") and fair business practices.