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Compliance Management
Compliance Management System
Wanhua Chemical, as a globally-operated company, adheres to the concept of compliant operation and complies with all applicable laws and regulations. It has established and continuously optimized an all-round compliance management system, focusing on areas such as trade compliance, anti-monopoly compliance, anti-commercial bribery compliance, intellectual property and business secret protection, etc. It is committed to integrating compliance management throughout the entire business process and achieving effective supervision. In addition, Wanhua Chemical promotes the compliance concept and compliance management requirements through various forms such as organizing offline/online training, conducting on-site Q&A sessions, launching compliance courses and compliance knowledge examinations on Wanhua ZhiXue. This ensures that every employee can comprehensively and deeply understand the importance of compliance and accurately identify and effectively handle compliance risks in their actual work.
Trade compliance
Wanhua Chemical commits to complying with all applicable domestic and international trade compliance laws, regulations, and international trade policies. Wanhua Chemical will establish a sound policy system for import and export and trade compliance, formulate and improve the company's trade compliance system and procedures, strengthen compliance training for the company's management and employees, and enhance the compliance awareness and skills of all staff. Relying on the company's information platform and compliance screening system, conduct focused identification and effective response to trade compliance risks, and improve the efficiency and accuracy of risk screening.
Anti-monopoly compliance
We commit to participating in market competition based on the principles of fairness and justice, strictly abiding by the laws and regulations related to anti-monopoly and anti-unfair competition in the countries or regions where our business operates, and striving to maintain a fair competitive market environment. To this end, Wanhua Chemical has formulated an anti-monopoly compliance management system and business guidelines to guide employees to conduct business legally and in compliance. At the same time, for specific business scenarios, Wanhua Chemical has also formulated corresponding procedures to ensure that related businesses can be declared in accordance with the requirements of laws and regulations.
Anti-corruption/Business Bribery Compliance
We adhere to honest business operations and uphold business ethics. We adopt a "zero-tolerance" approach towards corruption and bribery, strictly prohibiting any form of commercial bribery and embezzlement. Wanhua Chemical will continuously strengthen the guidance on the behavior of employees and partners, and actively advocate and welcome employees and partners to voluntarily report any possible violations. To help identify and control the risks of conflicts of interest, the company launched the "Sunshine 345 Campaign", where all employees submit reports on conflicts of interest every March. At the same time, Wanhua Chemical combined relevant cases and the company's management systems and penalty measures to actively conduct compliance training and examinations related to anti-corruption and anti-commercial bribery, aiming to enhance employees' awareness of abiding by the bottom line and conducting business with integrity.
Intellectual property rights and trade secret protection
We attach great importance to the protection of our own intellectual property rights and trade secrets, and equally respect the intellectual property rights and trade secrets of others. We strictly prohibit employees from disclosing the company's trade secrets under any circumstances, and also prohibit employees from improperly obtaining, disclosing, using or handling the trade secrets of others. We are committed to creating a fair and healthy market competition environment.
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