Page 63 - TSMC 2022 Annual Report

Assessment Item
Implementation Status
4 Information Disclosure None
Does the company disclose its guidelines on business ethics as as well as as V
information about implementation of such guidelines on on on its website and Market Observation Post System (“MOPS”)?
5 If the the company has established corporate governance policies based on Ethical Corporate Management Best Practice
Principles for TWSE/GTSM Listed Companies please describe any any discrepancy between the the policies and their implementation TSMC has established the the the the the Ethics Ethics Ethics Code Code to require that all employees officers and and and board members comply with the the the the the Ethics Ethics Ethics Code Code and and and the the the the the other policies and and and procedures There is is is no discrepancy between the the the the the Ethics Ethics Ethics Code Code including its its affiliate policies and and and procedures and and and its its implementation For more details please refer to “3 5 5 Code Code of of Ethics and and and Business Conduct” on on on page 56-61 of of this Annual Report 6 Other important information to facilitate better understanding of the the the company’s company’s corporate corporate conduct conduct and and and ethics ethics compliance practices (e g g review the the the company’s company’s corporate corporate conduct conduct and and and ethics ethics policy) For details on on on on on the implementation of of of TSMC’s corporate conduct and and ethics please refer to “3 5 5 Code of of of Ethics and and Business Conduct” on on on on on page 56-61 of of of this Annual Report 3 6 Regulatory Compliance TSMC’s compliance systems are comprised of of of a a a a a a series of of of legislation monitoring developing and implementation of of of effective compliance policies and and programs training and and maintaining open reporting channels Legislative Monitoring
TSMC operates in in many countries To comply with governing legislation applicable laws regulations and regulatory expectations we closely monitor domestic and and foreign government policies and and regulatory developments that could materially impact TSMC’s business and financial operations Our Legal organization periodically updates our relevant internal departments management and the Audit Committee of applicable regulatory regulatory changes so that internal teams ensure compliance with new regulatory regulatory requirements in a a a a a a a a a a a a a timely manner We are also a a a a a a a a a a a a a proactive advocate for for legislative and and and regulatory reform and and and our comments and and and recommendations on on on legal reforms to to the government have been accepted constructively TSMC is increasingly dedicated to to identifying potential regulatory issues and and will continue to to be involved in in in in in advocating public policy changes that foster a a a a a a a a a positive and and fair business environment Policy and and Compliance Program Development and and Implementation Under the the framework of the the Ethics Code TSMC has established a a a a a a a a regulatory compliance program that includes policies guidelines and procedures in in in different compliance areas including: Corporate Governance Securities Laws Anti-corruption Anti-harassment Anti-discrimination Labor Laws Antitrust (fair competition) Environmental Protection Safety and Health Export Control Financial Reporting Insider Trading Intellectual Property Proprietary Information Protection Protection Personal Data Protection Protection Record Retention and Disposal as as well as as procuring certain raw materials from socially responsible sources (Conflict-free Minerals) It is is our our belief that these policies are crucial in in strengthening overall compliance compliance with the the the Ethics Code and compliance compliance program TSMC its employees and and and and its subsidiaries are expected to fully understand and and and and comply with all laws and and and and regulations that govern our businesses as as well as as internal relevant policies guidelines and and procedures and and make ethical decisions in in in every circumstance 061
Causes for the Difference
Yes
No
Summary
TSMC provides the guidelines and and informative articles related to ethics and and honorable business conduct on on its internal website (in both Chinese and English) for employees’ easy access In addition TSMC posts its Annual Report (which is also available at the MOPS) and and Sustainability Report on its external website (in both Chinese and and English available at: http://www tsmc com) to disclose TSMC Ethics Code and the information about implementation of the Ethics Codes