Ethical Corporate Management Best Practice Principles
Article 2 Unethical conduct is prohibited
When engaging in commercial activities, directors, managers, employees and mandataries of the Company or persons having substantial control over the Company ("substantial controllers") shall not directly or indirectly offer, promise to offer, request or accept any improper benefits, nor commit unethical acts including breach of ethics, illegal acts, or breach of fiduciary duty ("unethical conduct") for purposes of acquiring or maintaining benefits.
Parties referred to in the preceding paragraph include civil servants, political
candidates, political parties or members of political parties, state‐run or private‐owned
businesses or institutions, and their directors, supervisors, managers, employees or
substantial controllers or other interested parties.
Codes of Ethical Conduct
Article 2 Content of the code
2. Minimizing incentives to pursue personal gain:
The Company shall prevent its directors, or managerial officers from engaging in any of the following activities: (1) Seeking an opportunity to pursue personal gain by using company property or information or taking advantage of their positions. (2) Obtaining personal gain by using company property or information or taking advantage of their positions. (3) Competing with the Company. When the Company has an opportunity for profit, it is the responsibility of the directors, and managerial officers to maximize the reasonable and proper benefits that can be obtained by the Company.