Friendly Workplace


Human Rights Policy
The Company respects and supports internationally recognized human rights norms and principles, including the Universal Declaration of Human Rights, the UN Global Compact, and the International Labor Organization's Declaration on Fundamental Principles and Rights at Work, and complies with the laws and regulations of the jurisdiction where the Company is located. In accordance with the United Nations Guiding Principles on Business and Human Rights, the Company has formulated the human right policy. The Company’s human right policy applies to the Company’s subsidiaries, foundations to which the Company’s cumulative direct or indirect contribution of funds exceeds 50 percent of its endowment, and other institutions or juristic persons that are effectively controlled by the Company (hereinafter referred to as “group enterprises and organizations”). In accordance with relevant laws and regulations, the Company regularly takes inventory of related forms and documents and reviews the legality of various operation processes.
Human Rights Policy |
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1. Diversity, Inclusion, and Equal Opportunity
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2. Safe and Healthy Work Environment
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3. Freedom of Assembly
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Compensation Policy
The Company provides reasonable and competitive compensation to attract, retain and motivate talents to facilitate the long-term development and achieve the business goals of the Company. The salary payment is based on stable compensation, and flexible bonuses that take into account the content of each job, the responsibility, contribution and personal work performance are also provided. The Company’s compensation policy has been set up based on the principle of profit sharing.
Compensation Policy |
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1. Employees remuneration policy
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2. Managers remuneration policy
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3. Directors remuneration policy
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4. Independent Director remuneration policy
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Distribution of Employees
As of the end of 2021, the total number of employees in Tung Ho Steel was 1,777, including 1,557 full-time employees (1,411 males and 146 females) and 220 temporary employees Note 1. Senior management Note 2 are 100% Taiwanese nationals, and all employees are full-time employees without parti-time employees. However, due to the characteristics of the iron and steel industry, there are more male employees, and the gap between the number of male and female employees is large. In 2021, there were no major changes in the number of employees in the Company’s important operating bases in Taiwan.



Labor-Management Communication
The Company does not hinder the right to freedom of associationNote and enterprise unions have been established in all operating bases, with labor-management meetings being regularly held. Trade union members can elect labor representatives to participate in labor-management meetings for labor-management communication, coordination of labor-management relations and promotion of labor-management cooperation. In 2021, more than 99% of employees in the Company joined the trade union. Starting from September, 2019, we initiated the collective agreement negotiation meeting with the enterprise union in Miaoli Works. On December 17, 2020, under the witness of Miaoli County Government and officials of Ministry of Labor, Miaoli Works and the enterprise union have finally signed the collective agreement. Collective agreements have not yet been signed in other works.
Member Representative Conference in Kaohsiung Works
The Company has set up the Employee Welfare Committee and the Supervisory Committee of Workers' Retirement Fund, both of which have representatives elected by the enterprise union to serve as the committee members to supervise and protect the employees’ rights and interests.
Note: The current operating bases of the Company (subsidiaries excluded) include the Head Office, Taoyuan Works, Miaoli Works, Taichung Harbor Logistic Office, and Kaohsiung Works. There are various types of cooperation with our suppliers, including that finished products, materials and equipment suppliers send employees to the works to implement work or transport materials or that dispatched manpower enters the works to provide labor services. However, due to Trade Secret Law and the Personal Data Protection Act, the Company cannot obtain employment information between our suppliers and their workers. Therefore, it is unlikely to determine whether individual suppliers hinder their employees’ right to freedom of assembly or association or whether they refuse collective bargaining.
Employee Benefits
Tung Ho Steel regards employees as the most important assets of the Company. In order to take full care of the employees and provide great working conditions to satisfy employees’ needs, we not only provide basic protection in accordance with legal requirements but also specifically provide or sponsor the promotion of welfare programs with establishment of the Joint Employee Welfare Committee among the major operating bases (including the Head Office, Taoyuan Works, Miaoli Works, Taichung Harbor Logistic Office, and Kaohsiung Works) to organize various employee welfare activities and subsidies. The current welfare measures are as follows.

Talent Cultivation
To stimulate the potential of our employees and enhance their professional capabilities, we have provided diverse learning resources and channels, including the orientation training for new recruits, technical and professional training for various functions, management training for supervisors at all levels, and general education courses like languages and courses in arts and humanities. It is hoped that all employees can be in appropriate job fit through a complete education and training system to enrich the human resources of the Company. To encourage our employees to continue on-the-job learning to obtain more knowledge and skills, the costs for participating in education and training at home and abroad of the employees are 100% covered by the Company in accordance with the Education and Training Regulations. If the education and training courses are held beyond normal working hours, the employees can apply for overtime or switch shifts as prescribed.
We have established regulations on integrity and anti-corruption, including the Ethical Corporate Management Best Practice Principles, Procedures for Ethical Management and Guidelines for Conduct, Corporate Governance Best Practice Principles, Guidelines for the Adoption of Codes of Ethical Conduct for Directors and Managers, and Work Rules for Employees. In addition, we also carry out communication or training concerning anti-corruption on an irregular basis. In January, 2020, we established the Risk Management Policy and Procedure that includes the recognition, prevention and control of fraud risks to strengthen corporate governance and integrity management. In 2021, the education and training course entitled “Anti-corruption norms and case study under the principle of integrity” was held for supervisors, sales personnel, trade/material personnel, finance and accounting personnel, and procurement personnel company-wide, and a total of 104 people participated in the course, with a total of 208 training hours.
In addition, to strengthen the concepts of human rights and corporate social responsibility of our employees to protect their own rights and interests, relevant matters and regulations issued by the competent authorities, such as insider trading-related laws and regulations, advocacy of major information, and Q&A on handling guidelines will be emailed to all employees and also released on the intranet of the Company from time to time. In addition, we also publicize anti-corruption and sexual harassment prevention measures and require all employees to read relevant contents to strengthen the concept of compliance.
For unfit employees, the Company has set up relevant measures for performance improvement. Supervisors will help such kind of employees to identify areas needs improving, set up improvement plans and take corresponding measures. Three to six months will be provided for improvement. We aim at achieving the purpose of enabling employees to be in appropriate job fit.
Employee career education and training system |
Orientation training for new recruits
Management training Professional functions training License training Safety and health training Human rights and corporate social responsibility-related training General education courses like languages and courses in humanities and arts |