Vitec has the Vitec Code of Conduct established for compliance with applicable laws, the articles of incorporation, regulations and corporate ethics.
(1) Compliance with laws and respect for human rights
Act consciously as a member of the international community. Comply with domestic and overseas laws and regulations in addition to internal regulations.
Respect human rights. Allow no discrimination on the basis of race, creed, sex, social status, religion, nationality, age, mental or physical disability or the like.
(2) Fair trading
Maintain fair and transparent relationships with all stakeholders in the Company for fair business transactions.
Offer business partners no economic benefits such as money, gifts, and entertainment not acceptable to current social standards.
In addition, receive no economic benefits not acceptable to current social standards from any business partners.
(4) Work environment development
Respect the character, personality, and life of individual employees. Provide opportunities and a work environment that enable each employee to have a sense of unity as a member of the Company and to maximize their potential of qualification improvement and skill development.
(5) Public and private
Draw a clear line between the role of company worker and role of private individual. Bring no private interest into the workplace, and be in no capacity as company worker outside the workplace.
(6) Information management
Place strict controls on confidential, customer and personal information in possession of the Company. Such information shall neither be disclosed to a third party nor used for any purposes other than those for the Company's business operations.
(7) Relations with politics and government agencies
When donating money to a political party or other organization, comply with the Political Funds Control Law and other applicable laws and regulations to follow the proper method.
(8) Response to antisocial forces and organizations
Establish no relationship with an antisocial force or organization, which poses a threat to social order and safety.
(9) Environmental protection
Comply with environmental laws and regulations. Promote educational activities relating to environmental protection and efficient use of natural resources and energy.
(10) International trading
When trading internationally, comply with the Foreign Exchange and Foreign Trade Control Law and other export/import-related laws and regulations plus applicable laws and regulations of the trading partner country.
(11) Prohibition of insider trading
Avoid insider trading and other suspicious stock transactions.
(12) Relations with shareholders, investors, etc.
Disclose corporate data such as the Company's management details and business activities to the Company's shareholders, investors, etc. fairly and impartially in a timely fashion in accordance with the applicable laws and regulations.
(13) Management of company assets
Place strict controls on the Company's assets (commodities, equipment, information, and other material and immaterial assets) in accordance with the internal regulations. The Company's assets shall not be used for individual uses or for any other purposes than for the Company's business.
In the event of violation to this Code of Conduct, the violator and his or her supervisor shall be penalized in accordance with the Working Regulations and other applicable regulations.