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YAGEO Corporation believes that sound corporate governance practices make for more than good public relations. YAGEO has, by adhering to corporate transparency and integrity benchmarks, benefited from more effective risk management, more efficient organizational functioning, increased market attractiveness and greater investor confidence in recent years despite economic downturns. Strengthening the fabric of corporate governance has proven to be as vital to the bottom line as an effective business model in YAGEO's pursuit to become the world’s finest passive component services provider. As a principle, YAGEO maintains rigid reporting requirements across its global organization. In addition to publishing monthly sales information via the press and on YAGEO website, YAGEO holds quarterly investor conferences and actively participates in road shows and one-on-one investor meetings to keep the investor communities informed in un-prejudiced, consistent and timely fashion.
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Ethical Management
YAGEO demands that all its employees, officers, and managerial officers strictly comply with ethical disciplines and expressly regulate the employees’ code of conduct. Various operations including business activities and procurement practices, should fulfill compliance and strictly comply with disciplines. Specific regulations shall be defined expressly to govern the offering of or solicitation for bribes in any form, and unjustified gifts, treatment, or any other improper advantages, as well as commitments to antitrust and unfair competition, to ensure customers’ interest and rights and also prevent the Company from damage to assets, fines, and impairment on goodwill.
- Select suppliers based on the principles of good faith and impartiality, and choose the most competitive products or services as the first priority.
- Not borrow financial funds, or accept any gift or invitation for a party, from suppliers, firms or customers trading with the Company, directly or indirectly, lest the Company’s goodwill and routine business should be affected adversely.
- Not collect rebates or other unjustified benefits from suppliers.
- Employees and their family members are strictly prohibited from accepting gifts, gift money, or valuable things in any form from suppliers.
- Employees are strictly prohibited from seeking unjustified benefits or committing other corruption by taking advantage of their job duties.
- Employees are strictly prohibited from defrauding, embezzling, or stealing another person’s or the Company’s property.
- Employees shall claim the reimbursement of expenses on an actual consumption basis.
Any collusion or conspiracy between employees, or employees and business partners, is strictly prohibited.
Attachment : Procedures for Ethical Management and Guidelines for Conduct_2022
