Sustainable Corporate Operation
Business Ethics and Compliance
Integrity is a principle and core value for a business to establish ideal corporate governance. PTI has established “Code of Business Conduct and Ethics” and “Corporate Sustainable Development Practice Guidelines” to serve as basis for its operations. In order to practice business ethics and combat corruption and bribery, the Board of Directors in PTI is the highest supervision and governance unit. A dedicated organization, the Sustainability Management Office, has also been established directly under the Board of Directors, being responsible for formulation and implementation of business integrity policies and preventive measures, and reports regularly to the Board every year.
PTI adheres to high integrity standards in all business interactions, adopts a zero-tolerance attitude towards corruption and bribery, and has formulated clear business ethics, anti-corruption and anti-bribery guidelines, including: "Code of Business Conduct and Ethics", "Ethics Policy" and "Anti-Bribery Policy", etc., and extend to business partners to provide guidance to help them prevent corruption and bribery.
PTI actively integrates international standards and introduced the ISO 37001 Anti-Bribery Management System (ABMS) in 2020, which has been certified in 2021. Through systematic execution and implementation, it strengthens corporate governance and regularly conducts internal and external third-party audits of the ISO 37001 Anti-Bribery Management System every year to confirm the effectiveness of business ethics and anti-bribery implementation. (Click here for ISO 37001 Certificate.)
ISO 37001 Audit Results
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Regulatory compliance is the foundation and cornerstone of corporate governance. All employees have to follow applicable laws and regulations. PTI set up the regulatory compliance dept., legal dept., and intellectual property management dept. and takes charge of regulatory compliance, business secrets, personal data, and intellectual property management business. For overseas subsidiaries, to align with local legal systems and comply with local regulations, local legal professionals are entrusted with professional assessment and implementation of various laws regulations involved in operations.
Business Conduct and Ethics
"Ethics Policy" and "Anti-Bribery Policy"
It is an important responsibility as a member of PTI, including all employees, customers, suppliers, and contractors, to observe the following to maintain corporate and personal ethics and reputation and to comply with laws and regulations.
Ethics Policy
- Business Integrity
We prohibit any and all forms of bribery, corruption, extortion and embezzlement. - No Improper Advantage
Bribes or other means of obtaining undue or improper advantage are not to be promised, offered, authorized, given or accepted. - Disclosure of Information
Information regarding labor, health and safety, environmental practices, business activities, structure, financial situation and performance is to be disclosed in accordance with local applicable law. - Intellectual Property
Intellectual property rights are to be respected; transfer of technology and know-how is to be done in a manner that protects intellectual property rights; and customer information is to be safeguarded.
- Fair Business, Advertising and Competition
Standards of fair business, advertising and competition are to be upheld. Appropriate means to safeguard customer information must be available. - Protection of Identity and Non-Retaliation
Programs that ensure the confidentiality, anonymity and protection of supplier and employee whistleblowers are to be maintained, unless prohibited by law. - Personal Information Protection
Ensure to protect personal information of employees, customers, suppliers and any other related third party. Personal information shall be collected on the legitimate purpose, processing and use. - Confidential Information
Protect company and customer related information services, technology, financial etc., shall not be disclosed to any third party without permission.
Anti-Bribery Policy
- Abide by integrity and ethics and engage in business activities based on the principles of fairness, honesty, trustworthiness and transparency.
- Forbidden to directly or indirectly provide, receive, promise any improper benefits, or engage in other violations of integrity, legal requirements, or fiduciary obligations.
- Comply with relevant Anti-Bribery laws, regulations and customer requirements.
- Encourage reasonable reporting and protect the whistleblower from any form of retaliation or unfair treatment.
- Implement Anti-Bribery Management System and keep on striving for continuous improvement in order to achieve the goals of bribery prevention.
Business Ethics and Anti-Bribery Training
PTI conduct "Business Ethics and Anti-Bribery Training" every year to strengthen directors’, managers’, and all employees’ (including contract workers) awareness of the company's business ethics, anti-bribery related policies and understand the operating norms that should be followed and the possible consequences of violations. For business partners and contractors, the company's Code of Business Conduct and Ethics and related reporting mechanisms are also promoted through emails, annual supplier social responsibility forum and instructions to contractors before entering the factory, etc.
Avoiding Conflict of Interest
PTI has “Code of Business Conduct and Ethics” to guide board members, managers, and all employees to adhere to ethical standards and avoid interest while performing their duties. The company's directors, committee members, managers, and other stakeholders who attend the Board of Directors meeting shall exercise high discipline and refrain from discussing and voting for issues in which their stake or the stake of the corporation which they represent is involved, when the stake is detrimental to the company. Voting rights cannot be delegated to other directors. Directors shall exercise discipline and must not support one another in inappropriate ways.
Personal Information Management
Personal data protection is a means of protection and promise to stakeholders such as shareholders, customers, employees, and suppliers. PTI respects the privacy of its employees, follows regulatory requirements, and fulfills personal data protection and management. The collection and processing of personal data are restricted to necessary and required operations, such as labor and health insurance upon retirement or resignation of employees, respective types of insurance, and employee health examinations, among others. Besides periodical personal data protection educational training and communication, for units that are frequently handling excessive personal data of employees during daily operations, efforts will be made to make sure the legitimacy in the collection and use of personal data. PTI conducts business secrets and personal data protection training courses each year for new hires and existing employees so that they have deeper knowledge of business secrets of the Company and personal data protection.
Business Secrets Protection
Business secrets are the life of the Company for its sustainable management. PTI has established a sound business secrets protection policy and secured the ISO 27001 Information Security Management System certification and took part in 2018 in related projects with guidance from the Institute for Information Industry as authorized by the Ministry of Economic Affairs. With assistance from the business secret readiness inspection project, the status of business secret protection for the current stage is examined comprehensively and is reinforced according to the insufficiency in order to eradicate the risk of disclosure of respective classified information. We effectively define and declare the scope of the Company’s secrets by means of the business secret inventory check. The Company’s business secret inventory check operation was already completed in 2021. The current protective measures for trade secrets and confidential information can be divided into personnel management and information management measures:
Personnel Management
To increase employee confidentiality awareness, employees sign the legally binding Confidentiality Agreement and the Non-compete Clause. If there are any on-going special cases, each case and employee sign specialized Confidentiality Agreement. In addition, regular training is conducted to strengthen protection of trade secrets. Control measures include access records, control of camera phones on the production line, and vehicle traffic to prevent any information leaks.
Information Management
In information security policies, confidential files are required to have access control mechanisms or watermarks. The research department has implemented a document protection system to achieve a better control on documents from 2016. When an employee is leaving a position, depending on the handover process of each department, the IT Department shall assist in deleting all confidential files from the computers involved. Control measures include email monitoring, employee USB access hierarchy, and internet control to prevent the risk of information leak.
Contact Us
The company has established independent email addresses for complaints and consultation for use by the company's internal and external individuals. For employees who report on any violation of business ethics principles or perpetration of fraud, protection shall be offered to prevent unfair treatment or retribution.
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