TCL Technology has introduced a new code of conduct to reinforce ethical business practices and advance governance standards across its global operations. The initiative follows the company’s June 2025 ESG report, which highlighted progress in ESG areas.
The new code of conduct establishes clear principles for integrity, accountability, and compliance. It applies to all TCL employees, management, subsidiaries, and global branches. The company is also urging its suppliers and partners to follow the same standards to promote transparent and responsible business practices.
Strengthening Global Governance and Ethics
Developed with reference to the Ten Principles of the United Nations Global Compact and global industry requirements, the code of conduct addresses business ethics, labor rights, health and safety, environmental responsibility and privacy protection.
It also prohibits all forms of discrimination and emphasizes fair competition, tax transparency and social engagement.
TCL said it has set up multiple confidential reporting channels to protect whistleblowers and ensure that reports of misconduct are handled promptly. The company also pledged to keep the code aligned with its long-term strategy and business development.
“This initiative underscores our commitment to compliance and sustainability,” a TCL spokesperson said. “By embedding ethical values into our governance system, we aim to deliver long-term value for society.”
Promoting Board Diversity and Governance Transparency
The company’s new code of conduct complements its efforts to enhance board professionalism and diversity. TCL said its board combines expertise in display technology, finance, law and strategy, helping it navigate complex business environments.
Independent Director Jin Li, who also serves on Ping An Insurance’s board, brings specialized risk management expertise. His experience has strengthened TCL’s ability to identify and mitigate potential risks.
TCL has also introduced a transparent compensation governance framework that ties executive pay to long-term value creation. Details of the director and senior management remuneration are publicly disclosed in its 2024 ESG report.
Linking Pay to Performance
The company’s talent strategy links compensation to performance and responsibility. Its remuneration structure includes fixed pay, benefits, bonuses, and long-term incentives.
In 2024, TCL launched a stock ownership plan for mid- to senior-level executives and key employees. Vesting was tied to a minimum average annual profit or revenue growth rate of 30 percent between 2022 and 2024. The company exceeded this benchmark significantly, with an average profit growth of 359 percent. As of May 2025, nearly 118 million shares under the plan had fully vested.
At subsidiary TCL CSOT, the executive compensation system similarly includes fixed pay, bonuses, and long-term incentives. The company said it consults both employees and shareholders in performance planning to build a shared-value framework.
Investing in Employee Welfare and Development
TCL views its employees as central to its strategic goals and corporate culture. Beyond salaries, it offers a wide range of welfare programs, including commercial insurance, health checks, and psychological counseling. It also provides housing options, relocation support, and transportation subsidies.
The company’s flexible leave policies, holiday benefits, and service awards further promote employee well-being.
At TCL CSOT, respect for human rights is central to operations. The subsidiary prohibits child and forced labor and has formed an ESG Labor and Human Rights Working Group.
Its “Star Residence Program,” which offers interest-free housing loans, benefited 112 employees in 2024, totaling about $6.56 million in loans. Since 2015, more than 1,360 employees have benefited from $63 million in assistance.
Aligning Governance With Sustainable Growth
Through its code of conduct, transparent compensation policies, and comprehensive welfare programs, TCL Technology continues to strengthen its ESG foundation. The company said these measures align employee growth with corporate objectives while reinforcing its role as a responsible global enterprise.
By combining ethical governance with sustainable talent development, TCL Technology is positioning itself for long-term growth in a rapidly changing global landscape.
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