Our Focuses｜Corporate Governance｜Business Integrity
“Business integrity” is Winbond’s highest ethical standard. The human resources unit is responsible for the establishment and development of the corporate culture of business integrity, and making colleagues familiar with the content of business integrity through the formulation of regulations, continuous improvement, supervision and control, and education and training; regulations are also formulated, such as “Corporate Governance Best Practice Principles,” ”Ethical Corporate Management Best Practice Principles” (approved by the fifth meeting of the board meeting of the 10th term),“Sustainability Development Best Practice Principles,” “Corporate Social Responsibility Manual,” “Code of Ethics for Directors” and “Employee Code of Conduct,” embedding business integrity into the company’s culture.
An annual report on business integrity management promotion and training is presented to the Board by the HR in the fourth quarter of each year. Internal cultural promotion, weekly articles on corporate philosophy, and promotion of policy announcements published on the employees’ homepages are used to strengthen the implementation of education and training on labor rights, environmental protection, health and safety, ethical standards, and prevention of insider trading. Winbond strengthens internal ethical awareness to ensure compliance with corporate ethics and government regulations and implements sound business integrity management.
2023 Business Integrity Management Performance
In the year 2023, we conducted the annual online training course " Integrity and Human Rights Training" covering topics such as “business integrity (including prevention of insider trading, fair trade, advertising and competition, identity protection, and prevention of retaliation, etc.) as well as human rights and labor rights. This program was extended to all global locations, with a total of 4,285 employees receiving training, accumulating a total of 1,714 hours. The training rate for all the directors and employees has reached 100%.
There were no economic or environmental violations at Winbond, nor were there any cases of corruption, anti-competitive behavior, or violations related to marketing and labeling.
No complaints on violation of business integrity were submitted through the complaint channel in 2023.
Productivity and Business Performance
In 2022, Winbond’s consolidated revenue amounted to NT$94.53 billion, a slight decrease of 5% from 2021; our consolidated net earnings after tax reached NT$15 billion, and our after-tax EPS was NT$3.25. We paid a consolidated income tax of NT$4.03 billion, which accounted for 4.26% of our total revenue. For explanation and analysis of other categories of financial performance, please refer to Winbond’s 2022 Annual Report.