Inter-division regulatory compliance is coordinated by the Legal and Compliance Division, and other regulations are regularly reviewed by relevant divisions.
The Legal and Compliance Division has coordinated overall regulatory compliance with the EU General Data Protection Regulation since 2019; the Legal and Compliance Division also pays close attention to the Personal Information Protection Law and of People's Republic of China that went effective in 2021 and will coordinate overall regulatory compliance with it.
With respect to the frequent rule changes of the Export Administration Regulations of the United States in 2020 and in the future, the Legal and Compliance Division coordinate overall legal compliance in this regard.
Legal and Compliance Division noticed China enacted new export control related laws and/or regulations to counteract the rule changes to the Export Administration Regulations of the United States, and will coordinate overall legal compliance in this regard.
In 2020, the Legal and Compliance Division conducted a training course for insider trading targeting all employees, managers and executives. In order to continuously strengthen the awareness of and emphasize the importance of the insider trading and trade secret protection and to prevent employees from unknowingly violate laws and regulations in connection with insider trading and trade secret protection, the Legal and Compliance Division conducts training courses on a regular basis. The Legal and Compliance Division conducted an on-line training and test for insider trading in the second quarter of 2022. As a result thereof, 9,613 employees completed the on-line training and test, corresponding to 98.9% of the targeted employees.
On April 21 and 22, 2021, the course "The Laws and Practices of Preventing Insider Trading and Insider Equity Transactions" aimed for managers of first level or above was arranged to promote the definition and legal elements of insider trading, criminal liability and penalty of violations, relevant corporate cases, and the Company's internal measures for preventing insider trading. A total of 99 managers participated in this three-hour course. On April 28, 2022, the "Promotion for Preventing Insider Trading " was completed, and the definition, constituent elements, and criminal liability for violations of insider trading were promoted to strengthen insider trading concepts and awareness of legal compliance. The total number of employees (excluding direct labor colleagues) receiving the promotion is 9,613.
On July 21, 2021, the Company conducted awareness training on the laws and regulations related to the prevention of insider trading for new board members, and arranged for current board members to participate in "The Prevention and Response to Insider Trading" 3-hour course organized by the Independent Director Association Taiwan on September 10, 2021.