Corporate Governance
- Status of Corporate Governance
- Corporate Executives
- Major Internal Policies
- Corporate Governance Practices
- Committees
- Investors’ Conference
- Internal Audit
- Information on Reducing Greenhouse Gas Emission
Board of Directors Structure
The term of the members of the 24th Board Director is from May 19, 2020 to May 18, 2023.
| Title | Name | Gender | Major Education | Professional qualifications and experience |
|---|---|---|---|---|
| Chairman | Mao Sheng Investment Inc. Representative: Henry C. T. Ho |
Male | Department of Economics, Harvard University, USA | Immediately after graduation, Mr. Henry C. T. Ho joined McKinsey & Company as an analyst. Mr. Ho joined Tung Ho Steel Enterprise Corporation in 1997 and has served in the Finance and Accounting, Materials, and Sales and Production departments, deeply involved in the operation and planning of the Company's internal management, raw material procurement, sales services, and production technology. Mr. Ho is a key person in the Company’s planning for future development and corporate sustainability. Mr. Ho assumed the position of President in 2009 and the position of Chairman of the Board of Directors in 2014. Mr. Ho has the work experience required by the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, accounting and financial analysis, operational management, international market perspective, crisis management, industry knowledge, leadership, decision-making, sustainability management, risk management, and climate change management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Vice Chairman | Mao Sheng Investment Inc. Representative: George Y. S. Ho |
Male | Department of Environment and Visual Arts, Harvard University, USA | Mr. George Y. S. Ho has been a Director of the Company since 1996. Mr. Ho is familiar with the decision-making and planning of the Company and has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, international market perspective, leadership, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Director | Earle Ho and Sons, Ltd. Representative: Hui-Ming Wu |
Male | Department of Mining and Metallurgical Engineering, Taipei Engineering Professional School | Mr. Hui-Ming Wu joined the Company in 1991 and retired in 2014. During this period, he served as factory general manager, special assistant, and production vice president. He has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, accounting and financial analysis, operational management, international market perspective, crisis management, industry knowledge, leadership, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Director | Earle Ho and Sons, Ltd. Representative: Joshua P.H. Tung |
Male | Master's degree in Business Management from the Business Institute, National Chengchi University | Mr. Joshua P.H. Tung joined the Company in 1987 and retired in 2022. During this period, he has worked in the Finance and Accounting, Trading, and Investment departments and assumed the position of Vice President of Finance & Accounting Division in 2009. Mr. Tung has the work experience required by the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, accounting and financial analysis, operational management, international market perspective, crisis management, industry knowledge, leadership, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Director | Episil Holding Incorporation Representative: Chih-Ming Huang |
Male | MBA, California State University, USA | Mr. Chih-Ming Huang joined the Company’s Board of Directors as a director in 1988 and is familiar with the Company’s decision-making and planning. He has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, accounting and financial analysis, operational management, international market perspective, crisis management, industry knowledge, leadership, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Director | Liang Cheng Investment Co., Ltd. Representative: Pao-He Chen |
Male | MBA, Royal Roads University, Canada | Mr. Pao-He Chen currently serves as the President of Chu Cheng Construction and has worked in the construction industry for more than 30 years. He joined the Company’s Board of Directors as a director in 1988 and is familiar with the Company’s decision-making and planning. Mr. Chen has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, accounting and financial analysis, operational management, crisis management, leadership, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Director | Taiwan Zhi Di Co. Ltd. Representative: Chao-He Lin |
Male | Department of Economics, Soochow University | Mr. Chao-He Lin joined the Company in 1972 and retired in 2014. During this period, he served as Vice President and Senior Vice President. Mr. Lin has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, accounting and financial analysis, operational management, international market perspective, crisis management, industry knowledge, leadership, leadership, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Director | Yen-Liang Ho | Male | EMBA, Aalto University, Finland | Mr. Yen-Liang Ho joined the Company’s Board of Directors as a director in 1999 and is familiar with the Company’s decision-making and planning. He has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, accounting and financial analysis, operational management, international market perspective, crisis management, industry knowledge, leadership, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Independent Director | I-Chi Liu | Male | Master's degree in Department of Accounting, National Chengchi University | Mr. I-Chi Liu specializes in accounting and financial analysis. Mr. Liu has served as the Senior Accountant (retired) at KPMG International Cooperative, senior consultant, Director of National Federation of CPA Associations of the R.O.C.(NFCPAA), Managing Director of Taipei CPA Association, Supervisor of Tah Tong Textile Co., Ltd., and Independent Director of MiTwell, Inc. He is currently serving the third term as the Company’s Independent Director and has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, accounting and financial analysis, operational management, crisis management, industry knowledge, leadership, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Independent Director | Chuang-Hsi Chang | Male | Ph.D. in Law and Political Science, Paris 2 Panthéon-Assas University, France | Mr. Chuang-Hsi Chang currently works as an Associate Professor at Huafan University, specializing in global political and economic trends, corporate governance, and administrative management. Mr. Chang has served as the Secretary-General of Office of Secretariat at Huafan University, Director and President of Huashan Creative Industrial Co., Ltd., Associate Professor of National Central University, and Associate Professor of Huafan University. He is currently serving the third term as the Company’s Independent Director and has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including operational judgment, operational management, crisis management, industry knowledge, international market perspective, leadership, decision-making, sustainability management, risk management, and climate change management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
| Independent Director | Der-Ming Lieu | Male | Economics Ph.D., Ohio State University, USA | Mr. Der-Ming Lieu currently works as Adjunct Professor (Honorary Professor) of Department of Finance at National Sun Yat-sen University, specializing in international finance, investment, derivative financial products and financial engineering, corporate financial management, and risk measurement and control of investment portfolio. Mr. Lieu has served as Professor of Department of Finance at National Sun Yat-sen University, Independent Director of Laser Tek Taiwan CO., LTD, and Independent Director of CSBC Corporation, Taiwan. Mr. Lieu is currently serving the second term as the Company’s Independent Director and has the work experience required for the Company's business operations and the core abilities required by the Board of Directors, including accounting and financial analysis, operational management, industry knowledge, decision-making, sustainability management, and risk management. Does not meet the criteria listed in any Sections of Article 30 of the Company Act. |
Diversity and Independence of the Board of Directors
2022 Diversity and Independence of the Board of Directors.pdfAt the 23rd session (12th meeting) of the Board of Directors on March 26, 2019, Assistant Vice President Juyu Ho, having more than three years of experience in the Company's internal audit as well as in managing units of corporate governance related affairs, Assistant Vice President Juyu Ho was appointed the Head of Corporate Governance.
Responsibility
The corporate governance affairs mentioned in the preceding paragraph include at least the following items:
1. Handling matters relating to board meetings and shareholders meetings according to laws.
2. Producing minutes of board meetings and shareholders meetings.
3. Assisting in onboarding and continuous development of directors.
4. Furnishing information required for business execution by directors.
5. Assisting directors with legal compliance.
6. Other matters set out in the Articles of Incorporation or contracts.
Business execution in 2021
- Arranged continuing professional education sessions for directors on May 11, 2021 and August 13, 2021.
- Assisted in the review and submission of the Board of Directors performance evaluation.
- Assisted in the publication of the 2020 Corporate Social Responsibility Report and the 2021 Climate-related Financial Disclosure Report.
- Actively promoted corporate governance and assisted the Board of Directors in revising the "Corporate Governance and Nominating Committee Charter", "Corporate Governance Best Practice Principles", "Corporate Social Responsibility Best Practice Principles", and "Board of Directors Performance Evaluation Guidelines” in order to strengthen the functions of the Board of Directors and improve the management mechanism.
- Completed the renewal of liability insurance for directors and key staff and submitted it to the meeting of the Board of Directors on September 24, 2021.
Training of Cooperate Governance Managers
The total number of continuing professional training hours in 2021 was 20 hours and met the requirement set forth in Paragraph 2 of Article 24 of the Operation Directions for Compliance with the Establishment of Board of Directors by TWSE Listed Companies and the Board's Exercise of Powers, which requires current chief corporate governance officers to complete a minimum of 12 continuing professional education (CPE) hours per year.
| Date of continuing education |
Organizer | Course name | Training hours |
|---|---|---|---|
| 2021.04.15 | Accounting Research and Development Foundation | Practice of "Sustainability Report" under Corporate Governance 3.0 Policy | 3 |
| 2021.04.15 | Taiwan Corporate Governance Association | 2021 Fubon Insurance Director and Supervisor Responsibilities and Risk Management | 3 |
| 2021.05.11 | Taiwan Corporate Governance Association | 2021 Corporate Governance–Corporate Climate Governance and TCFD Disclosure Practices | 3 |
| 2021.07.16 | Digital Governance Association | The Impact of Business Courts on the Operation of the Board of Directors and the Execution of Director Duties | 3 |
| 2021.08.13 | Taiwan Corporate Governance Association | Corporate Sustainable Management–External Innovation | 3 |
| 2021.09.01 | Financial Supervisory Commission | 13th Taipei Corporate Governance Forum–Afternoon Session | 3 |
| 2021.10.13 | Taiwan Corporate Governance Association | Corporate Anti-Corruption and Fraud Prevention Case Studies | 2 |
