HTC follows Corporate Governance Best-Practice Principles for TSEC/GTSM Listed Companies to:
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.
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:
|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|
David Bruce Yoffie
Daniel Wu (Yeong-Cheng Wu)
Member of the Compensation Committee