Charitable &
Sponsorship Practice
The company has
a policy to help, donate and support any charitable foundations or
organizations; which shall be done on behalf of the company with clear,
transparent and lawful objective, not in breach of morality and not causing
damage to the overall society. Such donation or support must be proved
irrelevant to reciprocal interests for any persons or organizations. This is
except for any generally traditional declaration of honors, such as showing the
corporate logo or announcing the company’s name at a venue or on media for
public relations. Also, such donation or support must not be a channel of
corruption, indirect bribery or acquisition of business advantages. As a
result, the company defines the guidelines on donation and sponsorship as
follows: - Charitable Practice Charitable donation is an activity which
might have risk of payment which can be claimed or a way for bribery or
corruption. Therefore, to prevent donation with hidden objective, the company
determines the guidelines on charitable donation as follows: - 1) The charitable donation is an act of donating money, objects or any
other interests to a person or juristic person established as association,
public foundation/organization, temple, hospital, educational institute,
organization beneficial to the society, etc., according to the Provisions of
Section 65 Ter (3) of the Revenue Code. 2) It is prohibited to donate or pay money directly to a government
official or any persons, except that the letter of requesting donation clearly
specifies such details and the written evidence of the donation is provided. 3) The charitable donation shall be proved that the activity is
organized according to the charitable project’s objective; the operation is
supported to achieve the project’s objective; the society actually receives
interests; or the operation is done pursuant to the objective of social
responsibility. 4) The charitable donation on personal behalf can be made, but not
involves with or causes any questions whether it is a fraud for interests. Sponsorship Practice Sponsorship
is a method of promoting the company’s business, logo or reputation. Such
sponsorship might have a hidden objective by using a charitable sport or
charitable organization as puppets for
business advantages. As a result, the company defines the guidelines on
provider of sponsorship as follows: - 1) The sponsorship is an act of giving money or assets to a person,
customer, business partner, association, foundation, charitable organization or
non-profit organization (any operations which do not comply with the Provisions
of Section 65 Ter (3) of the Revenue Code), with the objective to promote the
company’s brand or reputation which is beneficial to establishment of business
creditability, strengthening of business relationship and appropriateness of opportunity. 2) The sponsorship shall not lead to any offers or promises to gain
any interests relevant to bribery or corruption, in a direct or indirect
manner. 3) In case of providing sponsorship for any projects, it must be
proved that an operation is carried out to achieve the project’s
objective; the operation is lawful and not in breach of morality and tradition;
and the operation does not persuade any persons to commit misconduct. 4) It is prohibited to pay money or provide assets directly to a
government official or any persons, except that the letter of requesting
sponsorship clearly specifies such details and the written evidence of the
sponsorship is provided. |