Zero cases of regulatory violations and major lawsuits
(referring to lawsuits exceeding NT$2,000,000 in amount or related to product trading)
WNC adopts a “zero tolerance” attitude towards corruption. The company’s Code of Ethical Conduct, Ethical Corporate Management Best-Practice Principles, and WNC Reporting and Handling Procedure clearly state WNC’s policies for upholding integrity. All WNC subsidiaries and affiliates are required to uphold high ethical standards and follow the same corporate compliance guidelines, including anti-corruption legislation from around the world such as the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act of 2010. To create a fair competitive environment, the company and its subsidiaries meet their tax obligations and establish appropriate management systems; employees are required to avoid any behavior that creates unfair competition, and refuse to accept bribes. All WNC directors and top-tier managers abide by the ethical corporate management best-practice policy. WNC has also established an Integrity Office, charged by the Legal & IP Division to enhance integrity management operations ultimately determined by the Chairman. The top manager of the Legal & IP Division reports to the Board of Directors on a regular basis (at least once a year).
Training and promotion
To boost employees’ understanding of ethics and integrity issues, we began running a WNC Ethics and Anti-Corruption Code of Conduct online training course in Taiwan that helps employees make the right choices when company regulations conflict with social norms, enterprise interests, or personal interests, as well as what to do on discovering illegal activities.
WNC also requires all new employees and major suppliers to sign the company’s Code of Ethical Conduct committing to not offer or accept any bribes or illegal profits in any other form. We also annually require employees who directly deal with or exert substantial influence over customers, suppliers, and contractors to answer a self-evaluation questionnaire on compliance with the code of ethical conduct.
The public email for interaction on corporate social responsibility and reporting violations is provided for all stakeholders to raise issues or provide suggestions and for employees and all pertinent parties to file complaints and report violations.
This email is provided for all stakeholders
to raise issues or provide suggestions
with regard to WNC’s corporate social
responsibility policies and practices.
This email is provided for employees and all pertinent parties to file complaints and
report violations in a named or
The WNC Reporting and Handling Procedure stipulates handling procedures and operations to address violations. 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, in a named or anonymous manner, report issues and provide relevant information.
The task force acts immediately on receipt of a report and complete investigation and produces a report on the issue within as reasonable a time as possible.
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.