Page 66 - TSMC 2024 Annual Report

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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 and the Audit and and Risk 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
TSMC has established a a a a a a a a a regulatory compliance compliance program that includes policies guidelines and procedures in in in different compliance compliance areas including: Corporate Governance Securities Laws Laws Anti-corruption Anti-harassment Anti-discrimination Labor Laws 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 our our belief that these policies are crucial in in strengthening overall compliance compliance with the the Ethics Code and and compliance compliance program TSMC its its employees and and its its subsidiaries are expected to fully understand and and and comply with all laws 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 every circumstance Compliance
Awareness Training
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Reporting Channels
TSMC provides multiple channels for reporting business conduct conduct concerns to ensure that our conduct conduct meets relevant legal requirements and and the the the highest ethical standards under the the the Ethics Code For more details about the the the reporting channels please refer to “3 5
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Code of of Ethics and Business Conduct” on on page 59-63 of of this Annual Report Training
is one one of of the major components of of our regulatory compliance program To get updated information on on on on laws and regulations related to to to to their daily operations and and to to to to strengthen TSMC’s employees’ commitment to to to to regulatory compliance and and ethical conduct through regular promotion and training training courses Highlights of our our training training include:
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Multiple types for for for training and promotion: TSMC enriches employees’ information sources for for for regulatory compliance through various promotion promotion activities Awareness promotion promotion emails to employees posters at our facilities and compliance guidelines news articles tips and FAQs which our our employees can access through our our intranet Customized face-to-face training courses for different business attributes: For important specific laws and regulations TSMC provides face-to-face seminars These customized training is made mandatory for those employees whose job responsibilities are especially relevant relevant to to to a a a a a a a a a a a particular topic to to to ensure sufficient awareness of relevant relevant laws and internal policies Various on-line courses available to to employees at at any time: On-line learning programs updated frequently to to provide most up-to-date information and and and and timely and and and and flexible access for for employees to to understand the law and and and and key compliance issues covering topics of Corporate Governance Securities Laws Laws Anti-corruption Anti-harassment Anti-discrimination Labor Laws 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 “Conflict-free Minerals” among others The course contents will be updated with changes in in in applicable laws or TSMC internal policies to ensure the the timeliness and accuracy of the the course contents Continuous training of of the Legal Legal team: TSMC’s Legal Legal team team actively participate in in in in in external professional courses held in in in in in Taiwan or abroad to receive current developments developments of of new laws and and regulations and and track the latest developments developments in various professional legal legal fields and for its lawyers to comply with applicable continuing legal legal education requirements External experts are also invited to give in-house lectures on key issues