Corporate Governance
Anti-corruption & Anti-money Laundering
Anti-corruption & Anti-money Laundering
Chunghwa Telecom stand by the principle of zero tolerance for corruption. The “Anti-corruption and Anti-money Laundering Policy” has been stipulated to establish clear principles against corruption and bribery that covers all the business interactions. The subjects covered in the policy include Directors, employees, suppliers, etc. Through the internal control mechanism, education, trainings, etc., we relentlessly implement the Anti-corruption and Anti-money Laundering Policy and elevate the transparency for an ethical management.
Guidelines for Personnel Evaluation and Standards Governing the Administrative Rewards and Discipline of Chunghwa Telecom Personnel have been stipulated as the reference in employee performance appraisal. In the event of matters worthy of reward or actions to be disciplined, the rewards and disciplinary actions will be issued promptly in line with the regulations.
The Company formulates the Anti-Fraud Execution Plan to implement the anti-corruption policy. Each year, we plan measures such as business spot checks and dissemination. We set indicators to include risk control operations in employees’ compliance with the Ethical Management Principles (including anti-corruption) and Code of Conduct, set targets, and track them monthly to prevent corruption. As of 2022, we checked 112 cases and disseminated 435 case studies.
| Internal Audit |
Regular audits are carried out every year to conduct inspections on ethical management, Anti-corruption policies and anti-fraud operations. Regular audits are carried out every year to conduct audits on integrity management, anti-fraud policies and anti-fraud operations. As of this year (2022), we have already checked 134 corporate- and operational-level cycle of 33 institutions (headquarter, branches, and subsidiaries). The content covering compliance with relevant laws and regulations. We discovered zero instances of fraud. |
| External Audit | SGS-Taiwan is commissioned to carry out the independent third-party audit on the anti-corruption implementation each year on a regular basis (with the operating sites 100% covered). |
Anti-money laundering is increasingly emphasized across the international community. The anti-money laundering policy has been in place to avoid risks associated with money laundering, tax evasion, and sanction violations; protect Chunghwa Telecom from losses arising from involvement in criminal acts relevant to money laundering; and prevent potential danger to the society and livelihoods. We firmly adhere to regulations pertaining to anti-money laundering and adopt a zero-tolerance principle for money laundering crime, demonstrating Chunghwa Telecom’s determination in money laundering crime prevention.
Anti-competitive Conduct
To elevate the quality in the corporate marketing, establish consumers’ trust in the brand of Chunghwa Telecom, and maintain a good corporate reputation and image, we have formulated Corporate Marketing Standards to ensure that the corporate marketing is executed in accordance with the laws and regulations as well as requirements by the competent authorities and to incorporate the regulatory compliance in the appraisal of the senior management. No incident of penalty or fine by the Fair Trade Commission in 2022 thanks to the compliance with relevant regulations.
