Compliance with Lawsand Regulations
Nova Tech complies with the laws and regulations of the competent authorities and establishes a mechanism for reviewing the company's laws and regulations on a regular basis, so that amendments to the company's laws and regulations can be in line with the latest trends in international laws and regulations, and that there will not be any significant impact on the company's operations as a result of failing to respond to changes in laws and regulations in a timely manner. This promotes the growth of the Company's operations while fulfilling its commitment to environmental and social protection. In accordance with the regulations of Taipei Exchange's procedures for the verification and public handling of material information of companies whose securities are listed on the Taiwan Stock Exchange, with respect to the definition of material penalty for this Company, the following is the definition of material information: events that have caused significant damage or impact to the Company, or have been ordered by the relevant authorities to stop work, suspend business, cease operation, revoke or rescind pollution-related permits, or have resulted in fines of NT$1,000,000 or more in a single event. In 2023, there were no major fines and penalties affecting the Company's operation and no violation of social and economic laws and regulations.
Mechanisms and Channels for Reporting Violations of Laws and Regulations and Anti-corruption Activities
In addition to the formal legal regulations and review mechanism, Nova Tech also encourages employees to take the initiative to report illegal or unethical behaviours. This Company has set up a "Reporting System", which covers violations of company policies, any behaviour that damages the company's rights and interests or threatens to do so, such as fraud, misappropriation of company assets, and receipt of improper benefits, etc. The Company has also set up a protection mechanism for whistleblowers. At the same time, this Company has set up a protection mechanism and an incentive mechanism for the whistleblower, which promises to protect the whistleblower from dismissal, demotion, reduction of salary, prejudice to the whistleblower's rights and interests under law, contract or custom or other unfavourable punishment because of the whistleblower's report case. Under the incentive mechanism, the unit in charge will discuss the size of the substantiated case and immediately grant a reward of NT$6,000 or more to the informant without separate credit or public announcement, in order to protect the informant and encourage colleagues to be courageous in making reports. The Company will punish those who violate integrity management in accordance with the relevant regulations. In order to maintain objectivity and fairness, if the person being punished disagrees with the unit's decision and can prove it, the Company also provides a channel for the complainant to submit the relevant information to the appropriate personnel, the board of directors, or the shareholders' meeting for discussion and final resolution.
This Company has set up an open mailbox for reporting violations of integrity management and an internal employee suggestion box for employees to put forward suggestions related to integrity management. Adequate internal and external communication channels are in place to ensure that internal and external stakeholders are able to effectively provide advice and make complaints. In 2023, Nova Tech did not receive any reports of bribery, corruption or anti-competitive behaviour, and therefore there were no legal proceedings and loss expenses incurred.
