▶️Integrity and Ethics
Since integrity governance is an essential element for corporate sustainability, "Integrity" is one of WPG Holding's shared values for corporate governance and employee conduct. We formulated the Ethical Corporate Management Best Practice Principles and Code of Ethical Conduct as the important basis for the company to implement ethical management, which clearly stipulates the provisions on avoiding the conflict of interests, grievance mechanism and punishment. The company also established Ethics Committee in order to manage and plan integrity governance strategy. In order to promote ethical behavior provisions, WPG formulated the "Employee Code of Conduct" and "Employee Consent" to implement its ethical concept of "Self-Discipline for the Good of Others" for all employees.
Ethics Committee
For the purpose of implementing the Ethical Corporate Management Best Practice Principles, WPG Holdings established the “Ethics Committee” in 2017, with the CEO of the WPG Holdings as the chief convener and the CEOs of each group as members. The Committee meets from time to time to analyze and discuss violations and response measures, and to discuss various issues and related work progress.
Executive Secretary Group of the Ethics Committee
In order to implement the affairs and administrative operations assigned by the Integrity and Ethics Committee, certain functional units of WPG Holdings (Legal Affairs Service, F&A Service, Corporate Governance Office, Process Excellence Management Service, HR service, ESG office, spokespersons, etc.) form the Executive Secretary Group of the Ethics Committee, which is responsible for system planning, management method development, and promotion to employees in order to implement the Ethical Corporate Management Best Practice Principles, Code of Ethical Conduct, Employee Code of Conduct, Corporate Governance Best Practice Principles and Anti-Corruption and Anti-Bribery Policy of WPG Holdings. The Committee shall report to the Board of Directors at least once a year. Meetings are held from time to time each year, and in 2024, discussions were held regarding the implementation of integrity-related internal training, the electronic signing of the Employee Code of Conduct, the planning of the internal grievance platform in China, and the handling of integrity-related whistleblowing cases. Implementation of the Relevant Principles of Ethical Management.
Implementation of the Relevant Principles of Ethical Management
The amendments to the “Ethical Corporate Management Best Practice Principles” and “Code of Ethical Conduct” of WPG Holding have been approved by the Audit Committee and submitted to the Board of Directors for review and resolution. The “Employee Code of Conduct” was reviewed and revised by the Integrity Executive Secretarial Team, reviewed, and resolved
at the committee meeting. The implementation status of relevant standards was compiled and discussed in the T.I.P.E management mechanism sharing meeting of WPG Holdings to ensure that the relevant standard requirements are accurately implemented and the standards and processes were aligned with the corporate operating procedures.
2024 Integrity Management Education and Promotion Course
Note : In mainland China, a historical archive playback method was used, resulting in a relatively low participation rate.
WPG Holdings Employee Code of Conduct Implementation
Continuing the 2020 staff promotion activities of "WPG Holdings Employee Code of Conduct", the Employee Code of Conduct was amended for the second time on October 7, 2021, adding Paragraph 1, Article 12, a total of 33 codes currently. In 2023, through the learning platform of WPG Holdings, the promotion video and the Employee Code of Conduct are designated as compulsory courses for new employees. The employees must complete the reading during the probationary period, to fully understand the content of the code of conduct and agree as the signature. In 2024 a total of 245 people were completed.
More related policies：Major Internal Policies