Code of Conduct and
Whistleblowing Policy
The Group’s policy on Code of Conduct
is the corner stone of our governance
and operation. It spells out the guiding
principles for our staff. The staff are
required to behave with integrity
and honesty. We have relevant codes
of conduct for staff in particular
risks related areas to cover conflicts
of interest, bribery and corruption,
accounting standards, and internal
management, etc. Staff are required to
confirm that they have understood the
code of conducts appropriate to their
role and position in the company on
joining and annually thereafter.
Due to a constantly changing business
environment, we review the Code of
Conduct of the Group on a regular
basis to ensure that it reflects the
current global best practices and meets
the expectations of all stakeholders.
VTech maintains a Whistleblowing
Policy in order to encourage and assist
whistleblowers to report information
relevant to misconduct, malpractices
or irregularities through a confidential
reporting channel. All the reported
cases will be handled by the Company
with care and the whistleblower’s
concerns will be investigated in a fair
and proper manner. All reports under
the Whistleblowing Policy are reviewed
by the Audit Committee twice a year
in order to ensure appropriate action
and identify the need for any further
policy development.
Business Integrity Policy
and Anti-Corruption
Group policy prohibits VTech Group
and its officers, employees and agents
from giving or offering to give money
or anything of value to government
officials, political parties, party officials
or candidates for political office in order
to influence official acts or decisions of
that person or entity, obtain or retain
business, or secure any improper
advantage. The Company does not
make any donations to political parties
in any country, but does not restrict
employees from individual associations
provided that there is no conflict of
interest as their role of an employee
within VTech. Employees must not
purport to represent the Company
in political forum and should not use
the company brand, time or assets to
advance the interests of any political
party or group.
As a result, VTech’s management
has obligation and responsibility to
ensure that employees are familiar
with our anti-corruption policy, which
is part of our code of conduct, and
the control procedures in their job
areas. Employees receive regular anti-
corruption and internal control training
to reinforce their awareness and
understanding of our code of conduct.
Risk Management
The RMSC is chaired by Dr. Allan
WONG Chi Yun with Dr. PANG King
Fai, Mr. Andy LEUNG Hon Kwong and
Mr. WONG Kai Man as members. The
members include both executive and
independent non-executive directors.
The RMSC held two meetings during
the financial year to review the Group’s
risk management, internal control
systems, and sustainability strategy,
policies and improvement activities.
The RMSC has developed a framework
for the management and control of
risks in the Group. Risks are being more
formally identified and recorded in the
Risk Register for key operations. This
Risk Register is updated regularly and
the major risks are being reviewed from
time to time by the RMSC.
Business Continuity
Management
VTech has formulated the procedures
and alternative infrastructures in our
business continuity management and
disaster recovery plan to minimise
adverse impact to our people, customers
relationship, reputation and long term
sustainability. These plans are developed
based on the evaluation of the impacts
of possible disruption from extreme
events such as pandemics, natural
disasters and technological hazards.
The plans are documented, properly
communicated and tested periodically
to ensure their effectiveness.
Sustainability Report 2014
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