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WNC has a zero-tolerance attitude towards corruption, and has formulated internal rules and regulations such as the Code of Ethical Conduct, Ethical Management Best Practice Principles and WNC Whistleblowing and Handling Measures. The rules and regulations clearly disclose the Company’s ethical management policy and require the Company and its subsidiaries to comply with regulations related to their overall operations. The Company and its subsidiaries are committed to abiding by high ethical standards, avoiding engaging in unfair competition, fulfilling tax obligations, preventing bribery and corruption, and establishing appropriate management systems to create a level playing field.

 

WNC’s Legal & IP Division is charged with enhancing integrity management operations. In addition to revising relevant policies and regulations, conducting training sessions, and regularly reminding stakeholders of risk-related matters, the unit also helped establish an Integrity Investigation Office to conduct due diligence investigations, organize relevant training courses and investigate reported cases, with the Chairman having final decision-making authority. The Chief Legal Officer reports on the execution status to the Board of Directors on a regular basis (at least once a year).  Labor and ethical risk assessments at all major manufacturing locations in Taiwan, China, and Vietnam are conducted every year. Assessment results for 2024 revealed no high-risk items or instances of corruption.

Due Diligence

WNC requires all WNC directors and top-tier managers to sign the Declaration of Ethical Management; in 2024 all of the aforementioned personnel signed the declaration. WNC also requires all new employees and new suppliers to sign the company’s Code of Ethical Conduct. All new employees in 2024 have signed the Code, making a commitment not to offer or accept any bribes or illegal profits in any other form. Refer to section 2.3 Supplier Management of this Report for more details on supplier assessment and management procedures.

 

Each year, WNC distributes a self-assessment questionnaire on integrity to relevant personnel at its major production sites in Taiwan (HQ/S1/S3), China sites (in Kunshan/Nanjing), and Vietnam. This includes senior executives, sales, product management, procurement, supplier quality management, general affairs, and facility management—particularly those who have direct contact with and substantial influence over customers, suppliers, and contractors. The purpose of the questionnaire is to identify potential risk factors through self-evaluation.

 

In 2024, 2,386 WNC employees completed the survey and filled out the questionnaire. After reviewing the questionnaires, a total of 12 responses were identified as indicating abnormalities. Upon individually following up with the respondents, it was confirmed that the discrepancies were due to misunderstandings of the questions, and none involved any risks of violating the integrity commitment.

Subject Requirements
WNC directors and top-tier managers Sign the company’s Declaration of Ethical Management
New employees and suppliers Sign the company’s Code of Ethical Conduct
Employees who directly deal with or exert substantial influence over customers, suppliers, and contractors Answer an annual self-evaluation questionnaire on compliance with the company’s Code of Ethical Conduct.

Grievance and Consultation Mechanism

WNC has established the following public reporting channels: the “Illegal Conduct Reporting Mailbox” ([email protected]), the “Stakeholder Communication Mailbox” ([email protected]), and the “Workplace Misconduct and Sexual Harassment Complaint Mailbox” ([email protected]). These contact points are published on the official website and included in training programs to allow all internal and external stakeholders to report, either anonymously or with their name and contact information.

Illegal Conduct Reporting Mailbox:

[email protected]

This email is provided for employees and all pertinent parties to file complaints and report violations in a named or anonymous manner.

Stakeholder Communication Mailbox:

[email protected] 

This email is provided for all stakeholders to raise issues or provide suggestions with regard to WNC’s corporate social responsibility policies and practices.

Workplace Misconduct and Sexual Harassment Complaint Mailbox: [email protected]

This email is provided for employees and all pertinent parties to file complaints and report violations in a named or anonymous manner.

Training and Promotion

To boost employees’ understanding and implementation of ethics and integrity issues, the most updated promotional resources are provided on our internal website, and the Legal & IP Division holds Ethics and Anti-Corruption Code of Conduct online training for current employees every year, and the training is included in compulsory courses for new employees. The aforementioned resources and training will help employees understand the actions they should adopt when company rules conflict with social mores, corporate interests, and private interests or when they find any wrongdoings. In 2024, a total of 6,420 employees at WNC’s Taiwan sites and major manufacturing sites in China and Vietnam took the WNC Ethics and Anti-Corruption Code of Conduct online course for a completion rate of 99.08%.

 

The WNC Reporting and Handling Procedure stipulates handling procedures to address violations and confidentiality obligations for individuals responsible for receiving and investigating the reports, and prohibits any adverse actions or consequences against the reporting parties to safeguard their work rights. The Integrity Office is tasked with establishing a task force to handle reports and perform investigations.  The reporting procedures are described briefly as follows:

Personnel shall, in a named or anonymous manner, provide specific evidence that can be verified, such as the date and the facts of the violation.

After the case is accepted, the task force will handle the case immediately and complete an investigation report within a reasonable time.

After completing the investigation, the task force proposes measures to address the issue to the CEO for a final decision. The task force will notify the reporting party of the conclusions following the decision of the CEO.

  • WNC ensures that the identities of the reporting parties are kept secret and that they are not at risk of retaliation.
  • WNC will not terminate or transfer any employee or cause any other unfavorable result to occur due to their reporting an issue unless that employee has violated the law.
  • Task force members and related members participating in the investigation ensure and maintain the confidentiality of the incident throughout the entire investigation.
  • The task force records how the reported issue was handled in written form, and this written report is sealed and archived for five years.
  • If the reported issue(s) involve WNC directors or high-level managers, the task force should report the investigations results to independent directors.