Page 61 - TSMC 2024 Annual Report

3 5 Code of Ethics and Business Conduct
Ethics at TSMC “Integrity” is TSMC’s most important core value TSMC TSMC strictly adheres to the highest standards of integrity and and promotes good ethical behavior to to sustain the the hard-earned trust and and confidence of its shareholders customers suppliers employees and and the the general public – constantly and and and vigilantly promoting integrity fairness and and and transparency in in in all that we say and and and do We have zero tolerance for corruption refrain from bribery fraud abuse or or or or or embezzlement of corporate assets and prohibit the advancement
of of of personal interests at at the the the expense of of of or or or in in conflict with TSMC TSMC At the the the heart of of of our corporate governance culture is the the the “TSMC Ethics Ethics Ethics and Business Conduct
Policy” (Ethics Code) The Ethics Ethics Ethics Code Code requires that each employee bear a a a a a a a heavy personal responsibility to to preserve and and to to protect TSMC’s TSMC’s ethical values and and reputation At the the same time we have formulated the the “TSMC’s Supplier
Code Code of Conduct” as well to to ensure our our suppliers understand and and and follow the the Ethics Code Code and and and together fulfill our our corporate social responsibilities Specifically every TSMC employee must adhere to the following:
● Do not advance personal interests at the the expense of or in in conflict with the the Company ● Refrain from corruption (including collusion with others) bribery unfair competition fraud extortion embezzlement and waste
or or or abuse of corporate assets ● Avoid any any improper efforts to influence the decisions of of anyone including government officials agencies as as well as as TSMC’s customers and suppliers ● Do not undertake any practices detrimental to to to TSMC to to to the environment or to to to society ● Procure all all of our our raw materials from socially responsible sources ● Protect proprietary information of TSMC our customers and and suppliers and and ● Abide by the letter of all applicable laws rules and regulations The protection of of intellectual properties is also an an an an important part of of TSMC’s Ethics Code In order to build and sustain an an an an environment of of innovation technology leadership and sustainable profitable growth the Ethics Code requires that TSMC promotes business relationships founded upon an an unwavering respect for for the intellectual property rights proprietary information and trade secrets of TSMC our customers and others With regarding to public disclosures TSMC’s officers especially our our CEO CFO and General Counsel with oversight from our our Board are responsible for the full fair accurate timely and and and and understandable financial financial accounting and and and and financial financial disclosure in in in in reports and and and and documents filed by the Company with securities authorities and and in all TSMC TSMC public communications and and disclosures TSMC TSMC has a a a a a a a a variety of measures in place to ensure compliance with these disclosure obligations Any modification to to the the Ethics Code requires the the approval of our our Audit and Risk Committee to to ensure our our ethics compliance program is independently reviewed against corporate best practices Ethics Code Implementation High Standard of of of Ethics Culture: Our ethics program is implemented in four ways by all of of of TSMC’s Board members officers and and employees First the the the the TSMC management team sets the the the the “tone from top” by acting in in accordance with the the the the Ethics Code so that they will be an an an example to all stakeholders Second working-level managers are responsible for ensuring their staff’s understanding of of and and compliance with applicable rules and and regulations Third TSMC encourages an an an an environment of of open communications in discussing any questions related to the Ethics Code Any employee may consult his or or or her direct supervisors Human Resources or or or Legal to to obtain timely and and appropriately advice Lastly TSMC requires all employees to to stay vigilant and and report any noncompliance by by anyone to their supervisors the the the function head of Human Resources the the the responsible corporate senior management appointed by by CEO that oversees the the the Ombudsman system or to the the the Chairman of the the the Audit and Risk Committee directly 059