We conduct all our business activities in strict compliance with applicable laws and regulations. To ensure legal compliance, ASEH maintains regular updates on domestic and foreign laws and policies that affect its operations, and prioritizes regulatory compliance at all of its business locations.
The company’s Corporate Governance Officer and Regulatory Compliance Department assist board directors with overall regulatory compliance and supervise activities at our subsidiaries to ensure compliance with relevant laws and regulations. The steps we take to ensure compliance include staying on track with current laws and regulations, identifying changes, and reviewing legal compliance on a regular basis. The company also applies risk control mechanisms to assess potential legal risk exposures across all our operations. Our subsidiary companies are required to report all incidences of non-compliance that resulted in penalties, without delay. The responsible subsidiary shall propose immediate improvement plans and both the regulatory compliance department and audit department shall supervise and ensure that corrective actions are taken and completed.
The company has continued to conduct regular corporate audits on compliance throughout 2022 and, enhanced audits on subsidiaries that are exposed to higher levels of environmental and workplace safety risks. These actions were taken to strengthen the regulatory compliance mechanisms at all subsidiaries. The impact to the technology sector from the United States’ Export Administration Regulations (EAR), is of particular significance to ASEH, and thus classified as a key focus area in our regulatory compliance. Within Taiwan, we focus primarily on Taiwan’s Securities and Exchange Act, Labor Standards Act, Occupational Safety and Health Act, Waste Disposal Act, Air Pollution Control Act, National Security Act and Act Governing Relations between the People of the Taiwan Area and the Mainland Area. As part of our regulatory compliance practices, we diligently adapt and modify our internal framework, conduct trainings and disseminate information to update, educate and communicate with our board of directors, management and all employees.