Business Principles
For four consecutive years, Chunghwa Telecom (CHT) was ranked A+ by the Securities and Futures Institute for information transparency and fair disclosure among all listed companies. CHT’s common shares are traded on the Taiwan Stock Exchange under the symbol [2412] and CHT’s ADRs are traded on the New York Stock Exchange under the symbol CHT. As such, CHT must abide both the domestic Taiwan and the foreign regulations governing information transparency and fair disclosure, which include the spokesperson system, material information disclosure as required in a timely manner, as well as accurate and comprehensive information publication on CHT’s corporate website. All information of interest to the investment community is made publicly available simultaneously in Taiwan and overseas to offer investors comprehensive and real-time financial and business information of the Company.
The “Chunghwa Telecom Corporate Code of Ethics" defines the responsibilities CHT has in conducting business. The Code of Ethics clearly outlines the ethical standards and responsibilities required of directors, supervisors, executive officers and all employees while engaging in business practices. The Code of Ethics applies to individual employees and groups and the entire corporation when dealing with the public and other stakeholders. Similar to other large global entities, CHT is committed to aligning its strategies and operations with the ten universally accepted principles contained within the "UN Global Compact", that is, CHT is against any form of corruption and bribery. In addition, any donation to political parties or social welfare organization are governed by clearly defined Code of Conduct.Specifically, the Code of Conduct requires the following:
- Bribery in any form is strictly prohibited: All suppliers, contractors, customers, peers and any individuals or organizations (including governmental organizations) and employees of CHT shall strictly abide by the Corporate Code of Ethics. Employees and their families and relatives shall not, under any circumstance, accept or offer any form of donation, money as a gift or hospitality. Gifts or social functions between managerial staff and their subordinates shall be modest and in compliance with the spirit of the Code of Ethics.
- Against any act of corruption: The Code embodies the rules regarding the responsibilities of individual staff, managerial staff and members of the Board. In order to avoid actual or potential conflicts of interest, the Code provides for the establishment of an automatic reporting mechanism and requires each member of the Board, managerial staff and designated employees to declare conflicts of interest on annual basis. Any individual in violation of the rules set forth in the Code may be subject to corporate disciplinary actions or be terminated from employment. CHT has also designed appropriate internal controls mechanisms to detect potential corruptive activities in order to combat corruption within the corporate environment.
CHT has also put in place a channel for confidential lodgment of complaints or reporting of major financial, auditing and management issues.
CHT requires its employees to strictly abide the Code of Ethics and shall never, in any circumstance, compromise in achieving a specific purpose. The goal is to ensure compliance of CHT business practices with legal requirements and social ethical standards to prevent any misconduct. The Code of Ethics is now a part of CHT corporate training programs for new employees. In addition, almost all the employee are required to take the Code of Ethics exams on annual basis. In 2010, close to 100% of CHT employees have taken such exam.
Breaches Reporting 2010:
There were a total of fifteen people involved in eight respective incidents of breaches in 2010: 3 people involved in 1 incident of information security violation; 2 incidents of business information privacy violation; 3 people involved in 1 incident of violation of telecommunication regulations; 4 people involved in 1 incident of financial fraud and 3 incidents of behavioral misconduct.
Please refer to CHT Corporate Code of Ethics, Compliance Policy and Other Business Principles
For four consecutive years, Chunghwa Telecom (CHT) was ranked A+ by the Securities and Futures Institute for information transparency and fair disclosure among all listed companies. CHT’s common shares are traded on the Taiwan Stock Exchange under the symbol [2412] and CHT’s ADRs are traded on the New York Stock Exchange under the symbol CHT. As such, CHT must abide both the domestic Taiwan and the foreign regulations governing information transparency and fair disclosure, which include the spokesperson system, material information disclosure as required in a timely manner, as well as accurate and comprehensive information publication on CHT’s corporate website. All information of interest to the investment community is made publicly available simultaneously in Taiwan and overseas to offer investors comprehensive and real-time financial and business information of the Company.
The “Chunghwa Telecom Corporate Code of Ethics" defines the responsibilities CHT has in conducting business. The Code of Ethics clearly outlines the ethical standards and responsibilities required of directors, supervisors, executive officers and all employees while engaging in business practices. The Code of Ethics applies to individual employees and groups and the entire corporation when dealing with the public and other stakeholders. Similar to other large global entities, CHT is committed to aligning its strategies and operations with the ten universally accepted principles contained within the "UN Global Compact", that is, CHT is against any form of corruption and bribery. In addition, any donation to political parties or social welfare organization are governed by clearly defined Code of Conduct.Specifically, the Code of Conduct requires the following:
- Bribery in any form is strictly prohibited: All suppliers, contractors, customers, peers and any individuals or organizations (including governmental organizations) and employees of CHT shall strictly abide by the Corporate Code of Ethics. Employees and their families and relatives shall not, under any circumstance, accept or offer any form of donation, money as a gift or hospitality. Gifts or social functions between managerial staff and their subordinates shall be modest and in compliance with the spirit of the Code of Ethics.
- Against any act of corruption: The Code embodies the rules regarding the responsibilities of individual staff, managerial staff and members of the Board. In order to avoid actual or potential conflicts of interest, the Code provides for the establishment of an automatic reporting mechanism and requires each member of the Board, managerial staff and designated employees to declare conflicts of interest on annual basis. Any individual in violation of the rules set forth in the Code may be subject to corporate disciplinary actions or be terminated from employment. CHT has also designed appropriate internal controls mechanisms to detect potential corruptive activities in order to combat corruption within the corporate environment.
CHT has also put in place a channel for confidential lodgment of complaints or reporting of major financial, auditing and management issues.
CHT requires its employees to strictly abide the Code of Ethics and shall never, in any circumstance, compromise in achieving a specific purpose. The goal is to ensure compliance of CHT business practices with legal requirements and social ethical standards to prevent any misconduct. The Code of Ethics is now a part of CHT corporate training programs for new employees. In addition, almost all the employee are required to take the Code of Ethics exams on annual basis. In 2010, close to 100% of CHT employees have taken such exam.
Breaches Reporting 2010:
There were a total of fifteen people involved in eight respective incidents of breaches in 2010: 3 people involved in 1 incident of information security violation; 2 incidents of business information privacy violation; 3 people involved in 1 incident of violation of telecommunication regulations; 4 people involved in 1 incident of financial fraud and 3 incidents of behavioral misconduct.
Please refer to CHT Corporate Code of Ethics, Compliance Policy and Other Business Principles
