ESG
Ethical Corporate Management
YungShin's Policies and Standards
The culture of Ethical Corporate Management is the foundation of the Corporations sustainable operation. Our motto “Always be honest, always keep your word.” is the origin of YungShin’s name, which can be translated into “Eternal Trust”, which is the YungShin Group’s business philosophy. To create a Corporate culture of soundness, development and integrity, we established the Ethical Corporate Management Best Practice Principles, Code of Ethical Conduct as well as Management Procedures for Prevention of Inside Trading as guidelines for YungShin Group’s Directors, managerial officers, and employees to carry out their fiduciary duties with the attention and loyalty of a prudent administrator. We run our business with a cautious and self-disciplined approach, with our business activity embodying the highest ethical standards. Internally, all employees are required to sign the Employee Code of Conduct Approval Form upon joining the Corporation. The sign rate reaching 100% will enable any dishonest behaviors to be strictly prohibited. Externally, Yung Shin Pharmaceutical and Vetnostrum belonging to the Group sign a contract with business partner, both must require Suppliers to sign the “Supplier Integrity Commitment Letter”. Through the commitment to prevention of dishonest acts, the sign rate shall reach 100%.
Furthermore, the Sustainable Development Group is established under the Sustainable Development Committee, grouped by function, with Corporate Governance Subcommittee as the Ethical Corporate Management Dedicated Unit. The unit is responsible for promoting Ethical Corporate Management, anti-corruption, anti-bribery, and compliance with laws and regulations, promote its business philosophy “Always be Honest” through various conferences. It is also responsible for organizing relevant training related to Ethical Corporate Management, every year at a set date reporting the situation to the Board of Directors, supervising and preventing acts of dishonesty, to ensure the implementation of Ethical Corporate Management policies.
Ethical Corporate Management Training
In order to deepen the ideal of Ethical Corporate Management among the staff members, all newly hired employees are required to undergo educational training. The training content includes the promotion of integrity and confidentiality responsibilities. New employees are also required to sign a letter of consent to the Code of Conduct for Employees, ensuring that they follow the policies of Ethical Corporate Management. Furthermore, regarding the relevant training and promotion seminars concerning Ethical Corporate Management, which are organized by governance unit, the content including subjects such as: “Integrity in Business Operations and Anti-Bribery Management System Practices”, “Promotion of Prevention of Insider Trading”, “Information Security Governance in Practice”, “Corporate Tax Governance and Risk Prevention” In 2024, 100% of the required personnel has completed relevant Ethical Corporate Management training
Ethical Corporate Management Relevant Training Situation in 2024
| Training Target | The Number of Individuals to be Trained | Total Training Hours | Training Completion Rate |
| Director | 45 | 180 | 100% |
| Managerial Officer | 15 | 60 | 100% |
| Total | 60 | 240 | 100% |
- Data on Directors and managerial officers only comprises of YungShin Global Holding.
- For the portion of managerial officers also serving as directors, the statistics on received training will be unified as among directors and shall not be counted into the managerial officer educational training.
- Training completion rate =training participant number/number of people to be trained.
