The Company regards compliance as the core of its internal control system. To fulfill compliance, the Company has established the compliance system and appointed an executive equivalent to the executive vice president as the chief compliance officer (CCO) for the head office to conduct the compliance-related tasks in accordance with the Implementation Rules of Internal Audit and Internal Control System of Financial Holding Companies and Banking Industries. The chief compliance officer shall report to the Board of Directors and the Audit Committee semiannually; in addition, the Company has established the Legal Affairs and Compliance Department under the President.
Compliance Training
The Group provided comprehensive compliance training for employees, directors, and supervisors in 2018 and each employee or director/supervisor participated in an average of 8.79 hours or 10.13 hours of courses, respectively.