In order to practice the ethical management, the Company’s Board of Directors has passed the adoption of the “Ethical Management Best Practice Principles,” “Procedures for Ethical Management and Guidelines for Conduct” and “Code of Ethical Conduct” on March 14, 2025. The Board of Directors and senior management will comply with laws and execute the management regulations to practice the commitment of business policy.
The Company’s Management Department is the unit dedicated to promoting ethical corporate management. The Management Department and senior management are responsible for assisting the Board of Directors and management in formulating and supervising the implementation of the Ethical Management Best Practice Principles based on various units’ functions and scope of job duty, and reporting the implementation status to the Board of Directors at least once a year.
- Education and training: The orientation training was attended by a total of 20 people in 2024.
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Legal compliance communication and commitment： The Company promotes the education for all of the staff, and discloses the “Ethical Management Best Practice Principles,” “Procedures for Ethical Management and Guidelines for Conduct” and “Code of Ethical Conduct” on the Company’s website to promote the instructions to the staff’s performance of job duty.
- Letter of Undertaking for Ethical Management to be executed by employees: 100%
- Letter of Undertaking for Ethical Management to be executed by directors and senior management: 100%
- Regular audit： The Company’s internal audit unit conducts the audit independently to ensure the entire system’s operation to manage and prevent any unethical conduct jointly. No corruption or anti-competition activities were found in 2024.
- The "2025 Integrity Management Operation Plan" was formulated to ensure the effective implementation of the Company’s integrity management policy and was reported to the Board of Directors on April 30, 2025.
- Whistleblowing system and protection of whistleblower：The Company has set up the email for whistleblowing：IR@hcmed-inno.com and also the hotline for whistleblowing at 02-27326596. The audit on all complaining and whistleblowing channels (including hotlines and exclusive mailboxes) shows that no ethical management-related cases have sustained.