1. Legal Compliance: Companies in Taiwan must comply with all applicable laws and regulations. This includes labor laws, environmental regulations, tax laws, and more. Companies must also ensure that their business operations do not violate any intellectual property rights or antitrust laws.
2. Ethical Conduct: Companies in Taiwan are expected to operate with integrity and adhere to ethical standards. This includes treating employees, customers, and business partners with fairness, respect, and dignity. Companies should also avoid engaging in any corrupt or unethical practices.
3. Internal Controls: Companies in Taiwan should establish internal controls to ensure compliance with laws and regulations. This includes implementing policies and procedures that promote transparency, accountability, and good governance. Companies should also regularly monitor and review their internal controls to ensure that they are effective.
4. Reporting and Disclosure: Companies in Taiwan must comply with reporting and disclosure requirements. This includes submitting financial statements and other reports to regulatory authorities, disclosing material information to shareholders and investors, and maintaining accurate and complete records.
5. Corporate Responsibility: Companies in Taiwan should act in a socially responsible manner. This includes contributing to the community, protecting the environment, and promoting sustainable development.
Overall, the basic principles of corporate compliance in Taiwan aim to promote transparency, accountability, and good governance, while ensuring that companies operate within the bounds of the law and maintain high ethical standards.