Business Code of Conduct
The Company has issued regulations, a Compliance Manual, and Code of Conduct for Securities business, and regulations on employee’s securities trading in addition to the handbooks published by associations related with securities businesses, such as the Investment Management Code and the Code of Conduct for Fund Managers stipulated by the Association of Investment Management Companies, and the Code and Principles for Professional Analysts stipulated by the Securities Analysts Association. All of these are guidelines urging employees to conduct their duties with honestly and integrity to the Company and all stakeholders, as well as the public and society.nbsp; The Company’s executives and concerned employees have signed in acknowledgement and agreed to comply with these guidelines. Regular communication between Company and the employees take place to monitor compliance, and disciplinary action was taken if violation on non-compliance of such guidelines were discovered.
The Company has defined 10 standard guidelines for executives and employees to uphold at all times while performing duties. These are:
(1) Integrity: Employees shall perform their duties based upon honesty, morality, equitable treatment to all parties, legally and moral judgment. All employees shall do what is most important and most beneficial for the fund and its customers as well as the Company’s benefit.
(2) Skill, Care and Diligence: Employees will exercise careful judgment and reason in their duties to bring the most benefit to the fund, customers, and society.
(3) Market Practice: Employees shall conduct their duties according to acceptable standards, which includes following regulations, criteria or relevant standards.
(4) Information about Customers: Employees must have complete and adequate information about the customer in order to gain a clear understanding of the situation and objectives of the customer and provide appropriate advice about different types of service. Employees must also protect the customer’s confidential information.
(5) Information for Customers: The Company must have complete, accurate, timely and equal information before deciding to invest, offer advice, or act on the customer’s behalf. Furthermore, the Company must maintain data and relevant documents as evidence to support its transparency.
(6) Conflicts of Interest: Any action by the Company avoids conflicts of interest, or acts which are likely to cause conflicts of interest. However, in the event that a conflict of interest cannot be avoided, the Company will strictly comply with the principle of disclosure.
(7) Customer Assets: If the customer’s assets needs to be maintained, the Company will store the assets in a safe place with adequate internal control systems. The Company’s assets are separate from those of the Company and can be individually specified. The data recorder and keeper are separate entities and there are regular checkups for completeness and accuracy.
(8) Financial Resources : As an asset management company, the Company must be responsible for maintaining the financial liquidity of the Funds under its management to be at an adequate level against the probable risks that may occur as a result of investment, as well as shall refrain from creating any encumbrances for the fund.