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▶️Integrity and Ethics
Since integrity governance is an essential element for corporate sustainability, "Integrity" is one of WPG Holding's core 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.
For the purpose of implementing the Ethical Corporate Management Best Practice Principles, WPG Holdings established the "Ethics Committee" in 2017. The CEO of the holding company serves as the general convener and the CEOs of each group serve as members. The Committee meetings are held irregularly to analyze the violations and countermeasures and discuss different topics and related work progress.
In order to implement the affairs and administrative operations assigned by the Ethics Committee, certain functional units of WPG Holdings (Legal Affairs Service, F&A Service, Corporate Governance Office, Process Excellence Management Service, HR service, top executives, spokespersons, etc.) form the Executive Secretary Team 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 and the Code of Ethical Conduct 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 2022, WPG Holdings focused on the launch of a third-party reporting platform for stakeholders, the development of conflict-of-interest measures, the review of the achievement and implementation of external evaluation targets, and the discussion of related integrity issues.
Employee Code of Conduct Implementation
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 2022, 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 2022 a total of 524 people were completed.
Education Training of Ethical Management Principles
With the purpose of letting the employees understand the laws and regulations to be abided by and the obligations to be performed in their duties, WPG Holdings began from the perspective of risk management, gradually planned relevant training courses, and established the internal platform to promote the information about the employees' ethical code of conduct; simultaneously implemented online courses and provided the relevant promotional materials or the course presentations on the occasions such as new staff training or monthly meetings. Therefore, the employees would acquire basic legal knowledge, such as confidentiality obligations, anti-corruption, insider trading prevention, etc. The main body covered specific codes of conduct and implementation methods.
- 2022 Corporate Integrity Education Courses
More related policies:Major Internal Policies