Sustainable Management
To fulfill corporate responsibility and ensure the rights of shareholders and stakeholders, FENC regards integrity as its highest operating principle to secure sound governance, optimize corporate management and maximize shareholder interests.
Corruption and unethical conducts are detrimental to corporate reputation and stakeholder rights. To minimize the risk of corrupt conducts, FENC established an integrity and anti-corruption system with annual implementation of special projects.-
Integrity and Anti-Corruption System
Highest Guiding Principle | Integrity |
Code of Conduct | Best Practice Principles of Ethical Corporation Management and Code of Ethics approved by the Board |
System |
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Scope | Corrupt conducts subject to FENC anti-corruption policy include unlawful conducts that cause embezzlement of corporate assets or infringement of shareholder rights, such as corruption, money laundering, bribery, kickback, commission, facilitating payment, illegal political donation, inappropriate charitable donation, unreasonable presents, improper conduct and unfair trade. |
Audit System |
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Training and Promotion |
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2023 Implementation
- FENC revised the Whistle-blowing and Disciplinary Method of Violating Ethical Conduct and Ethical Management, adding provisions on submitting investigation reports based on the position of the reported individual and protection measures for whistleblowers to strengthen ethical management and protection.
- Quarterly compliance audits were conducted at all FENC sites, including the completion of self-assessment forms and on-site audits, to ensure a full understanding of FENC’s ethical corporate management and anti-corruption policies across all production and operation sites.
2023 Results
- There were no incidences of corrupt conducts at FENC.
- Report the implementation of ethical management to the Board to fulfill FENC’s vision as a corporation with integrity. Reported subjects include online self-evaluation on regulatory compliance; training outcomes; subjecting non-permanent employees to the anti-corruption policy to fulfill this corporate philosophy.
- All Board members completed the anti-corruption training, representing 100% in completion.
- Reach 100% coverage in anti-corruption training among all FENC employees.
- All new recruits in 2023 signed the declarations to commit to FENC’s Best Practice Principles of Ethical Corporation Management and Code of Ethics, representing 100% in completion.
- Provide anti-corruption promotion to 6,569 suppliers and contractors, including agents and traders, which represents 94% coverage.
⇥ Articles of Incorporation
⇥ Corporate Governance Principles
⇥ Best Practice Principles of Ethical Corporation Management
⇥ Code of Ethics
⇥The Whistle-Blowing and Disciplinary Method of Violating Ethical Conduct and Ethical Management
⇥ Legal Compliance Execution Report (Chinese)