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TCL Technology Unveils Global Code of Conduct

TCL Technology recently announced its Global Code of Conduct, a crucial step toward enhancing corporate governance and ethical business practices across its global operations. This comprehensive policy demonstrates the company's commitment to maintaining high standards in ethical behavior and transparency, aligning closely with its vision of sustainability and social responsibility.

Commitment to Ethical Business Practices

The Global Code of Conduct is designed to provide clear guidelines on ethical business behavior, applicable not only to TCL Technology's employees but also to its subsidiaries and partners worldwide. This inclusivity aims to create a uniform commitment to responsible and transparent business practices across the company.

Developed with reference to the Ten Principles of the United Nations Global Compact, the Code integrates key aspects such as labor rights, environmental responsibility, and information security. In particular, it reinforces the principles of diversity, fair competition, and compliance with laws, discouraging any form of discrimination.

TCL Technology encourages all employees and partners to adhere to these guidelines, ensuring a proactive approach to business ethics that includes mechanisms for reporting violations. The company has established multiple confidential channels where individuals can disclose improper conduct without fear of retaliation, reinforcing the importance of integrity in all operations.

Enhancing Governance through Diversity

In line with its focus on ethical practices, TCL Technology is also committed to fostering diversity within its leadership. The company aims to build a team that reflects a wide range of experiences and expertise, which is particularly important in today's complex business landscape. This diversity enables the board to make well-informed decisions that consider various perspectives, ultimately supporting sustainable growth.

Independent Director Jin Li’s role exemplifies this strategy, as he brings extensive risk management experience to the board. This blend of expertise across various fields—including technology and finance—further enhances TCL Technology's ability to navigate challenges and seize opportunities effectively.

A Focused Compensation Governance Framework

TCL has also revamped its compensation governance to ensure that executive rewards are aligned with the long-term interests of the company and its shareholders. The company’s remuneration structure encompasses fixed salaries, bonuses, and long-term incentives, all carefully tailored to recognize and reward outstanding performance. As part of this strategy, TCL Technology has developed a stock ownership plan aimed at mid-to-senior management and key employees, linking their investment to the company's growth targets.

For the financial year 2024, TCL Technology achieved an impressive average growth rate of 359% in net profits compared to previous years, well above the benchmark needed for vesting shares in the ownership plan. This strong performance reflects the effectiveness of the company's strategic initiatives and its commitment to driving long-term value.

Building a Supportive Ecosystem for Employees

TCL Technology recognizes that its workforce plays a vital role in executing its strategies and maintaining its cultural integrity. Therefore, it has developed a multi-faceted welfare system that supports employee well-being through comprehensive insurance, healthcare checks, and psychological services. The company also provides living support options such as subsidized housing and flexible leave policies, further enhancing its appeal as an employer.

In addition to these initiatives, human rights considerations are integral to TCL's operations. The company actively prohibits child labor and forced labor, promoting an equitable and inclusive workplace through its ESG Labor and Human Rights Working Group.

Conclusion

As TCL Technology continues to evolve within the intricate dynamics of the global marketplace, the implementation of the Global Code of Conduct marks a significant step in reinforcing its ethical framework and commitment to sustainability. By embedding these principles into its corporate governance, TCL Technology not only enhances its responsibility as a corporate citizen but also secures long-term value for its customers, stakeholders, and society at large.

For more detailed insights on their ongoing initiatives, stakeholders and interested parties can refer to TCL Technology's latest annual and ESG reports.