Corporate Governance

Corporate Governance Structure

Taiwan King Lung Chin PTC Co., Ltd. (KLC Corporation) has established a transparent and efficient corporate governance structure to ensure stable growth and long-term competitiveness. Our governance framework includes the Board of Directors, management team, and various specialized committees, with internal control mechanisms in place to ensure decision-making transparency and compliance.

Board Composition and Responsibilities:
The Board is composed of industry experts with diverse professional backgrounds, including finance, law, and business management.
Each board member is responsible for formulating corporate development strategies, overseeing the implementation of business plans, and ensuring alignment with shareholders’ interests, ensuring the long-term direction and sustainability of the company.

Internal Control Mechanisms:
The company has an internal audit department that regularly reviews the effectiveness of operational processes and internal control systems, providing improvement recommendations for potential operational risks.
ESG management roles are clearly defined at all levels to ensure effective execution of environmental, social, and governance goals.

Sustainability Committee:
An ESG committee is led by the General Manager, overseeing the planning and monitoring of the company’s sustainability strategies and actions.

Note:

The Sustainability Committee comprises department heads, as well as the Vice Presidents of Administration, Operations, and Public Relations.
The committee is chaired by CEO, who reports annually to the Chairman on the performance of various sustainability initiatives.

Our Sustainability

Integrity and Compliance Management

KLC Corporation adheres to the principle of integrity in all business operations, ensuring compliance with both domestic and international regulations and ethical standards.

Regulatory Compliance and Risk Management:
We have established a “Regulatory Compliance Assessment Procedure” to ensure that all departments meet domestic and international regulatory requirements in their operations.
Regular internal audits and third-party audits are conducted to ensure compliance and effective risk management.

Anti-Corruption and Business Ethics:
The company has implemented an “Employee Code of Conduct,” prohibiting all forms of corruption, bribery, and conflicts of interest.
We have established internal and external reporting channels to ensure that stakeholders can safely report improper conduct, with protection for whistleblowers.

Supply Chain Compliance Management:
Suppliers are required to sign the “Green Supply Chain Management Agreement” to ensure they meet environmental, social responsibility, and corporate governance standards.
In 2024, we completed compliance reviews of 342 suppliers, with 138 meeting RoHS standards and 100 meeting REACH standards.

 

ESG-Supplier Quality and Tech
ESG Regional Collaboration
ESG Supplier Sustainability

Corporate Governance

KLC Corporation has established a comprehensive risk management mechanism to ensure stable development in a rapidly changing market environment.

ESG Risk management procedure

Operational Risk Control:

  • Established the Strategic and Risk Management Procedure Manual to identify and address market, financial, operational, and regulatory risks.
  • Enhanced risk warning capabilities through data monitoring and real-time reporting mechanisms.

Information Security and Privacy Protection:

  • Implemented an information security management system to safeguard customer and supply chain data.
  • Strengthened network protection and employee cybersecurity training to reduce data leakage risks.

Sustainable Supply Chain Management:

  • Developed an ESG evaluation mechanism for suppliers to ensure compliance with environmental protection, labor rights, and ethical standards.
  • Conducted on-site audits for high-risk suppliers to ensure compliance and corporate social responsibility fulfillment.
KLC Corporation ensures sustainable operations and stakeholder interests through a robust governance structure, integrity-driven business principles, and a comprehensive risk management mechanism. We continuously refine our corporate governance policies, aligning with global standards to enhance competitiveness and create long-term value.
Download ESG Report 2024