Ethical Corporate Management and Anti-corruption
In line with the business philosophy of integrity, transparency, and accountability, Ruentex has formulated integrity-based policies and established sound corporate governance and risk control mechanisms to create a sustainable business environment.
The Company has established the “Integrity Operating Guidelines”, approved by the board, which stipulate that the Company’s directors, managers, other employees, or those with substantial control must not, directly or indirectly, offer, promise, request, or receive any improper benefits, nor engage in any unethical, illegal, or disloyal actions that violate trust in business conduct. This is to ensure the implementation of ethical business practices. The Company has set “Procedures for Ethical Business Practices and Code of Conduct” to provide specific guidelines that personnel must follow when conducting business.
The General Manager’s Office and related departments are responsible for promoting the ethical corporate management. Each department has established relevant internal management rules according to its duties and implemented them. If any dishonest conduct is found, the transaction will be suspended immediately, and the audit department will be responsible for auditing the compliance of internal systems and reporting to the Board of Directors in a timely manner. A “Whistleblowing System” has been established to provide whistleblowers with appropriate channels to report through written submissions, by telephone（02-8161-7999）or email （RT-Report@mail.ruentex.com.tw）. This system is designed to prevent corruption, theft, embezzlement, or other illegal and unethical behaviors that could harm the rights of shareholders, employees, and business partners, thereby protecting the Company’s reputation and safeguarding assets. The system ensures a structured process for handling reported incidents.
The Company holds regular meetings to make aware possible unethical behaviors in business activities, such as offering and accepting bribes and illegal political donations, or constantly reaffirming ethical corporate management and anti-corruption education in general meetings. The scope of awareness includes the Board of Directors and all employees to ensure that all personnel in the organization fully understand the Company’s ethical management philosophy and implement it in each work item.
Internal audit
The Company’s Audit Office is under the Board of Directors and is staffed with qualified auditors who are responsible for auditing the financial and business operations and management functions of the Company and subsidiaries. Auditors carry out audit tasks based on the annual audit plan independently and objectively to ensure that the Company’s internal operations comply with laws and internal control systems. Furthermore, they assist the Board of Directors and senior management by providing independent and objective evaluations of the completeness, effectiveness, and implementation of internal control systems, offering timely improvement suggestions to reasonably ensure the continuous implementation of these systems. They provide related investigation, evaluation, or consulting services to assist the board in fulfilling its corporate governance responsibilities, while continuously enhancing auditors’ professional skills to improve audit quality and implementation effectiveness. The auditors submit the audit report to the independent directors by email on a monthly basis, report to the Audit Committee and Board of Directors meetings on a quarterly basis, and report to the independent directors when necessary.
The Company has established an effective internal control system to ensure the implementation of ethical corporate management. The internal control system and its implementation did not reveal any major anomalies. The scope of the audit in 2024 covered the Company and subsidiaries, and all non-conforming items have been improved.
