Corporate Governance

HTC follows Corporate Governance Best-Practice Principles for TSEC/GTSM Listed Companies to:

  1. Protect the rights and interests of shareholders.
  2. Strengthen the powers of the board of directors.
  3. Fulfill the function of the Audit Committee.
  4. Respect the rights and interests of stakeholders.
  5. Enhance information transparency.

Based on Regulations for the Establishment of Internal Control Systems by Public Companies, HTC takes into consideration the overall operational activities of itself and its subsidiaries in establishing an effective internal control system, and reviews it regularly, in order to keep up with changes in the environment and ensure that the design and enforcement of the system remain effective.

The Board of Directors and the management review the result of the internal control self-inspection conducted by each department and reports from the Internal Audit Department at least annually. Audit Committee also pay attention to and exercise oversight over this matter.

HTC executives pay special attention to the Internal Audit Department and its personnel and fully empower them to conduct audits, evaluate the internal control system and assess the efficiency of operations to ensure that such a system can be carried out on a continuous basis and can assist the Board of Directors and management to perform their duties effectively so as to ensure a sound corporate governance system.

Board of Directors

The duties of Board of Directors include supervising, guiding management echelon also to appoint and dismiss managers in order to ensure company’s normal operations and creating the best interests for all shareholders. The Board of Directors consists of 7 directors. All of the directors are selected by shareholders’ voting by nomination system. Directors have diverse professional background and extensive business experience, there are three independent directors and one female director.

The composition of the board shall give due attention to the principles of gender equality, and its members shall have the necessary knowledge, skill, and experience to perform their duties. To achieve the ideal goal of corporate governance, the board of directors shall possess the following abilities:

  1. Ability to make operational judgment.
  2. Ability to perform accounting and financial analysis.
  3. Ability to conduct management administration.
  4. Ability to conduct crisis management.
  5. Industrial knowledge.
  6. International market perspective.
  7. Ability to lead.
  8. Ability to make decisions.

Corporate Policies and Guidelines

Articles of Incorporation
HTC Corporation Corporate Governance Principles
Rules of Procedure for Board of Directors Meetings
Procedures for the Acquisition or Disposal of Assets
Audit Committee Charter
Bylaws for the Election of Directors
Election Information of Independent Directors
Rules for Endorsements and Guarantees
Procedures for Handling of Derivatives Trading
Operational Procedures for Lending Funds to Others
Operational Procedures for Handling Material Inside Information and Preventing Insider Trading
Code of Conduct
Compensation Committee Charter
Rules of Procedure for Shareholders Meetings
Rules for Performance Evaluation of the Board of Directors

Cher Wang
Chairwoman

HT Cho
Director

Wen-Chi Chen
Director

David Bruce Yoffie
Director

Chen-Kuo Lin
Independent Director

Josef Felder
Independent Director

Vincent Thai
Independent Director

Daniel Wu (Yeong-Cheng Wu)
Member of the Compensation Committee