|01||1. Articles of Incorporation|
|02||2. Procedures for Lending Funds|
|03||3. Regulations Governing the Acquisition and Disposal of Assets|
|04||4. Procedures for Engaging in Derivatives Transactions|
|05||5. Corporate Social Responsibility Best Practice Principles|
|06||6. Ethical Corporate Management Best Practice Principles|
|07||7. Guidelines for the Adoption of Codes of Ethical Conduct|
|08||8. Procedures for Ethical Management and Guidelines for Conduct|
|09||9. Regulations Governing Procedure for Board of Directors Meetings|
Chicony Power Internal Audit function is an independent unit with a chief auditor and a dedicated auditor reports directly to the Board of Directors. Besides informing the Board during its ordinary meetings, it briefs the Chairman, the Supervisors, and the President on as needed basis. The internal audit system stipulates the audit process, reporting system, audit checkpoints, and operations subject to audit, including all the operations of the Company per se and all its subsidiaries in order to help the senior management of the Company timely identify existing and/or potential internal control issues. The majority of the audit work is executed according to an annual plan, which needs to be approved by the Board of Directors. Such plan will take into account risks that have been identified. Special audits or reviews are conducted as needed.
All the audit findings and corrections accordingly made shall be recorded, tracked, and timely provided to the senior management for evaluation of the improvement of issues audited. The company supplements the review activities by Internal Audit with documented self-assessments by the divisions and all regions. Internal Audit sees to it that these activities do take place, and reviews the submissions to ensure the quality of the process; it consolidates the results of the self-assessments for the President and the Board of Directors.
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