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SUSTAINABILITY

SUSTAINABILITY > Corporate governance

Corporate governance

FPT Software has established an organization structure in which corporate governance works effectively in order to ensure management transparency, meet the expectations of various stakeholders, and maximize corporate value over the medium to long term. In addition, our company is working on appropriate decision-making, business execution, and sound management.

Corporate governance organization structure

FPT Software has established a Board of Directors as the highest decision-making body for management. Based on the authorities and responsibilities for business execution, the Board of Directors will decide important management matters and supervises management. The Board of Directors consists of four directors and one auditor. In principle, they will meet once a month.

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Compliance

Code of Business Conduct

FPT Software will fulfil its corporate social responsibilities as well as comply with laws and regulations throughout its business activities. We have issued a “Business Code of Conduct” to ensure that each employee not only acts with a strong sense of ethics and responsibility, but also complies with domestic and overseas laws and regulations, and social norms related to business activities throughout the company, and acts in good faith by common sense definition.

Explore our Code of Business Conduct
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Anti-Bribery and Corruption Policy

Bribery and corruption can be serious factors that can significantly damages a company’s credibility. FPT Software, in order to continue growing as a global company that is trusted by society, has issued the Anti-Bribery and Corruption Policy and is working to prevent bribery and corruption. While promoting the thorough compliance of the seven items listed in the Policy ((1) Prohibition of bribery and corruption, (2) Building sound relationships with business partners, (3) Keeping transaction records, (4) Implementation of education and training, (5) Regular audits and risk assessments, (6) Reporting of violations of internal rules, and (7) Prompt punishment of violators) throughout the company, we foster a corporate culture that does not tolerate scandals, as well as develop sound and fair business. Based on the above policy, we clarify rules to prevent bribery, such as checking the transaction status on the accounting system.

Anti-Fraud Policy

The corporate fraud policy is established to facilitate the development of controls that will aid in the detection and prevention of fraud against FPT Software and its subsidiaries. It is the intent of FPT Software to promote consistent organizational behavior by providing guidelines and assigning responsibility for the development of controls and conduct of investigations.

This policy applies to any irregularity, or suspected irregularity, involving employees as well as shareholders, consultants, vendors, contractors, outside agencies doing business with employees of such agencies, and/or any other parties with a business relationship with FPT Software.

Any investigative activity required will be conducted without regard to the suspected wrongdoer’s length of service, position/title, or relationship to the Company.

The terms defalcation, misappropriation, and other fiscal irregularities refer to, but are not limited to:

  • Any dishonest or fraudulent act
  • Misappropriation of funds, securities, supplies, or other assets
  • Impropriety in the handling or reporting of money or financial transactions
  • Profiteering as a result of insider knowledge of company activities
  • Disclosing confidential and proprietary information to outside parties
  • Disclosing to other person securities activities engaged in or contemplated by the company
  • Destruction, removal, or inappropriate use of records, furniture, fixtures, and equipment; and/or
  • Any similar or related irregularity
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Compliance with competition laws

Comply with laws and regulations regarding the prohibition of monopoly and ensuring fair competition in Vietnam, as well as competition laws of other countries (hereinafter referred to as “competition laws”). In addition, acts that violate competition laws shall not be justified by business practices, professional status of the offender, maintenance or expansion of business or transactions, or acquisition of profits.

Engagement with competitors

  • Do not make unreasonable contact with competitors.
  • Do not exchange information or agree with competitors in a way that would impair fair competition.

Prohibition of unfair trading

  • Do not maintain unreasonable resale prices.
  • Do not engage in price discrimination or other unfair transactions stipulated by competition laws.
  • Do not exploit trading advantages to unfairly cause disadvantage to other companies, such as unreasonable discounts or setting unjustified trading conditions.

Business combination procedure
When a business combination such as stock acquisition, merger, or business transfer, is conducted, the procedure shall be carried out in accordance with the laws and regulations of each country and region.

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Anti-Money Laundering (AML) Policy

Money laundering and terrorist financing are acts that engage in and facilitate criminal activities. FPT Software complies with all applicable laws and regulations wherever FPT Software conducts business, enters into, or maintains business and prohibits direct or indirect participation in money laundering and terrorist financing acts through corporate activities. We also request all employees of FPT Software, as well as those involved in the corporate activities of FPT Software to understand and cooperate with the above policy.

Compliance training

We conduct various compliance trainings to further foster awareness of compliance among our employees. Each employee before starting work will have to attend a training course on Code of Business Conduct at Fsoft (Dayone), then annually employees will need to attend a Code of Business Conduct training course (refresh training). Besides, we also have the Corporate Social Responsibility Training, this course sets out codes of conduct on a wide range of topics, including human rights, bribery prevention and competition law …

Implementation results of compliance training course (2021,2022)

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Compliance consultation desk system

We have established a compliance consultation desk to control and prevent acts that violate or may violate laws, regulations, codes of conduct, internal regulations, etc., and to quickly resolve them. When receiving a report or consultation request, we promptly investigate the facts and take appropriate measures, such as taking corrective action and providing guidance, in an effort to prevent recurrence and eliminate risk factors. In addition, with regard to the protection of whistleblowers and inquirers, we ensure the anonymity of whistleblowers and inquirers, and promise that they will not be subjected to disadvantageous treatment such as salary reductions, demotion, or dismissals due to the information they provided.

Number of reports and consultations

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Process of the compliance consultation desk
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