Integrity & Ethical Business Practices 

Corporate Integrity Policy Statement

TECO Electro Devices upholds the core values of integrity, innovation, and harmony, and is committed to fostering an ethical corporate culture. This Code of Conduct outlines our policies and mechanisms for ensuring compliance, preventing unethical behavior, and building a sustainable business framework. It applies to all subsidiaries, foundations with over 50% financial support, and entities under substantial control by the Group.

 

Prohibition of Unethical Conduct

All directors, supervisors, managers, employees, and appointees must refrain from directly or indirectly offering, soliciting, promising, or accepting improper benefits during business dealings. This includes any interactions with public officials, political parties, private entities, or other stakeholders.

 

Definition of Benefits

Benefits include monetary payments, gifts, commissions, services, privileges, positions, rebates, or any other items of value. Reasonable and occasional social gestures that do not affect decision-making may be excluded.

 

Legal Compliance & Operational Policy

We comply with all applicable laws including Company Law, Securities Exchange Act, Anti-Corruption Law, Political Donations Act, and government procurement regulations. TECO has formulated anti-bribery policies, grievance mechanisms, and internal control systems to maintain transparency, accountability, and sustainability.

 

Scope of Risk Control

We identify and assess high-risk areas within operations and implement targeted controls. These include:

Bribery and corruption

Illegal political donations

Improper charitable contributions

Unreasonable gifts or hospitality

Infringement of intellectual property rights

Unfair competition

Product or service-related harm to stakeholders

 

Implementation & Accountability

Senior leadership is required to sign statements pledging adherence to the policy. The policy is disclosed publicly and incorporated into contracts. Audit, risk, and compliance departments oversee its execution and report regularly to the board.

 

Integrity in Business Operations

Business dealings are conducted fairly and transparently. Due diligence is conducted on agents, suppliers, and customers to assess legal compliance and ethical history.

 

Anti-Bribery, Political Neutrality & Donations

Bribery, coercion, and illicit political contributions are strictly prohibited. Charitable donations must follow internal guidelines and not be used as bribes.

 

Intellectual Property & Confidentiality

We safeguard IP rights and prohibit unauthorized use, disclosure, or damage of proprietary information.

 

Whistleblower & Disciplinary Mechanisms

Internal and external stakeholders may report misconduct anonymously. Whistleblower identity and information are protected. Violations are subject to internal disciplinary actions.