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Robust and Effective Governance
The Company operates four special committees under the Board of Directors: Strategy Committee, Audit Committee, Nomination Committee, and Remuneration and Appraisal Committee. These committees play a pivotal role in providing advice and recommendations for important decisions, enhancing professionalism and efficiency of the Board's deliberations and decision-making process.
The Company has established well-defined operating mechanisms for shareholders' general meetings, the Board of Directors, the Board of Supervisors, and management. The inclusion of independent directors and board secretaries has significantly bolstered the fairness and reasonableness of the board's decision-making process.
Transparent and Accurate Information
The Company strictly complies with the provisions and requirements of the Company Law, the Securities Law, the Code of Corporate Governance of Listed Companies, and other relevant national laws, regulations, and normative documents of the state. Our information disclosure practices strictly adhere to legal guidelines and regulations. We ensure that the Company's financial information is openly and transparently available to society and investors. Additionally, we maintain timely and effective communication with stakeholders, including investors, shareholders, customers, employees, suppliers, regulatory authorities, and the larger community.
Comprehensive Compliance Framework
“The ECOVACS Group firmly believes that success lies in knowing the best course of action and adhering to rules. We prioritize compliance management and place great importance on establishing comprehensive compliance frameworks and systems. Our Company's managers lead by example, making a committed effort to implement compliance adherence across all operational and decision-making areas.
ECOVACS deeply recognizes the significance of privacy. Our commitment lies in safeguarding consumers, customers, suppliers, partners, employees, and other relevant entities. To achieve this, we have implemented a robust data security and privacy protection system. We adhere to data privacy and personal data protection laws and regulations applicable in the countries and regions where we operate, including the Data Security Law of the People's Republic of China, the Personal Information Protection Law of the People's Republic of China, the General Data Protection Regulation (GDPR), and the California Consumer Privacy Act (CCPA).
Based on the Company's business development needs, we enforce specialized compliance governance to tackle commercial bribery prevention, monopoly prevention, advertising operations, trade security, intellectual property rights, and trade secrets protection. We consistently refine management systems and encourage their effective implementation, ensuring full compliance with legal and regulatory mandates in all business activities. Legal compliance is closely integrated in our business development approach. We encourage a culture of stringent compliance, educating employees and ensuring that business operations adhere to the law.
The company focuses on continuously improving its level of compliance management and actively introduces international standards to continuously enhance its compliance management system. In October 2024, we successfully obtained the ISO 37301:2021 compliance management system certification issued by the British Standards Institution (BSI), an internationally recognized standard organization.
ECOVACS deeply recognizes the significance of privacy. Our commitment lies in safeguarding consumers, customers, suppliers, partners, employees, and other relevant entities. To achieve this, we have implemented a robust data security and privacy protection system. We adhere to data privacy and personal data protection laws and regulations applicable in the countries and regions where we operate, including the Data Security Law of the People's Republic of China, the Personal Information Protection Law of the People's Republic of China, the General Data Protection Regulation (GDPR), and the California Consumer Privacy Act (CCPA).
Based on the Company's business development needs, we enforce specialized compliance governance to tackle commercial bribery prevention, monopoly prevention, advertising operations, trade security, intellectual property rights, and trade secrets protection. We consistently refine management systems and encourage their effective implementation, ensuring full compliance with legal and regulatory mandates in all business activities. Legal compliance is closely integrated in our business development approach. We encourage a culture of stringent compliance, educating employees and ensuring that business operations adhere to the law.
The company focuses on continuously improving its level of compliance management and actively introduces international standards to continuously enhance its compliance management system. In October 2024, we successfully obtained the ISO 37301:2021 compliance management system certification issued by the British Standards Institution (BSI), an internationally recognized standard organization.
