Integrity-Based Operation

Based on the core value of “integrity”, Microbio has established related internal regulations such as the “Ethical Corporate Management Best Practice Principles” and “Codes of Ethical Conduct”. We abide by the Company’s management principles and adhere to sound business integrity to continue the Company’s operations in an ethical manner, from top management to basic employees. When working with external parties, the Company requires counterparties to abide by the Company’s Ethical Management Policy. 

The company has established procedures for whistleblowing and protections for whistleblowers to ensure they are not subjected to adverse actions. Microbio prohibits illegal political contributions and requires all donations to comply with regulations, strictly prohibiting any attempt to gain commercial advantage through such contributions.

Internal Audit

Microbio has an independent Audit Office that reports directly to the Board of Directors, ensuring the fairness of audit activities. Audit personnel annually verify business compliance with laws and internal control systems according to a predetermined plan, providing recommendations for improvement. Significant compliance issues are disclosed in audit reports and reported regularly to the audit committee and the board of directors.

Furthermore, the Audit Office conducts ethical audits of Microbio and its subsidiaries in accordance with company regulations. This continuous monitoring ensures the effective operation of corporate governance and risk management mechanisms, promoting sustainable development within the company.

Risk Management

With risk management being the key to an enterprise’s operations, Microbio incorporates the spirit of risk management into the operation strategy. The Board of Directors resolved and approved the “Risk Management Policy and Procedures”. As the highest unit of risk management policy, the Board of directors is responsible for approving, reviewing and monitoring the Company’s risk management policy to ensure the effectiveness of risk management. The Audit Committee routinely listens to the reports given by the risk management team and monitors the implementation of risk management of the Company and its major subsidiaries. Currently, in addition to compliance with regulatory compliance, market competition, drug/healthcare product/food safety, intellectual property protection, and cyber security risks, Microbio incorporates climate change and environmental protection issues into its risk management framework related to sustainable business operations. This integration aims to enhance risk control measures, ensuring the achievement of sustainability goals.

Regulatory Compliance

Regulatory compliance is the core requirement of business management. Microbio ensures legal compliance through internal management and evaluation mechanisms. We conducts integrity and compliance education and training programs to cultivate employees’ awareness of legal compliance annually. This commitment safeguards the rights and interests of shareholders and other stakeholders, enabling the company to pursue sustainable business operations.

Cyber Security

Given that cyber security is crucial to whether trade secrets are completely protected, we have formulated a cyber security policy. Moreover, concrete protective measures have also been adopted to implement cyber security protection: the IT Department formulates the cyber security policy and implementation plans, while also promoting the implementation and reviews for improvement, and reports the current status of cyber security management to the General Manager on a quarterly basis. In addition, the Audit Team set up by the Audit Office is responsible for conducting audit at least once per year, to check the controls and to follow up the effectiveness of improvement plans.

Intellectual Property Rights Protection

Microbio is committed to managing and protecting intellectual property to ensure the safe and legal supply of new drugs while pursuing core capabilities in innovative science. Since 2021, the company has implemented an intellectual property management system following TIPS (Taiwan Intellectual Property System) standards and regularly reports its implementation status to the board of directors. This system emphasizes intellectual property risk assessment, mitigation measures, and ensures effective management of patents and protection of trade secrets.