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| ST Home | Corporate Responsibility | CR Report 2005 | Company Performance | Governance and Management Systems | Business Ethics | ||
Corporate Responsibility Report 2005Company Performance |
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SO2, In 2005, our Business Conduct and Ethics policy was updated through the introduction of an e-Signature system. The core target (about 15% of total employees) is middle to upper management plus staff in specific functions (purchasing for instance). Some sites have extended the system to all employees, and all sites have acted in full compliance with legislation regarding the collection and filing of electronic data. At the end of 2005, about 83% of eligible employees had used the new system to sign our Business Conduct and Ethics policy. However, the coexistence of e-Signature and paper processes means that the real figure is probably higher. Local Human Resources managers are responsible for the compliance process. We aim to make further improvements in 2006, increasing use of the e-Signature system to 100%, and implementing the process for handling disclosure cases. In 2005, we also set up a formal company-wide non-compliance reporting (whistleblowing) system on our intranet. This supports existing local non-compliance reporting systems already in place.
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"For me, the most important aspect of CR is to be kind and fair to our next generations." Solomon Ng– Design, Shanghai |