TSMC advocates and acts upon the principles of operational transparency and respect for shareholder rights. We believe that the basis for successful corporate governance is a sound and effective Board of Directors. In line with this principle, TSMC Board of Directors set up the “Audit Committee” and the “Compensation Committee” in 2002 and 2003 respectively. To continue to make our corporate governance more comprehensive, the TSMC Board took a step further in February 2023 to expand and strengthen the functions and responsibilities of its committees, including renaming the “Audit Committee” to the “Audit and Risk Committee”, and the renaming the “Compensation Committee” to the “Compensation and People Development Committee”. In addition, in order to strengthen the selection mechanism for directors, build diversified and professional board, TSMC’s Board of Directors approved the establishment of the “Nominating, Corporate Governance and Sustainability Committee” referencing international practices. Each Committee supports the Board to fulfill its responsibilities and each Committee’s chairperson regularly reports to the Board on its activities and recommendations.
2022 Corporate Governance Awards and Ratings
| Organization | Awards |
| Dow Jones Sustainability Indices (DJSI) |
Dow Jones Sustainability World Index for the 22nd consecutive year |
| MSCI ESG Indexes |
MSCI ACWI ESG Leaders Index component |
| Sustainalytics |
Company ESG Risk Ratings: Low ESG Risk – Semiconductor Industry |
| ISS ESG |
“Prime” Rated by ISS ESG Corporate Rating |
| FTSE4Good Index |
FTSE4Good Emerging Index component |
| Corporate Knights |
2022 Global 100 Most Sustainable Corporations |
| Taiwan Stock Exchange |
Top 5% in Corporate Governance Evaluation of Listed Companies for the 8th consecutive year |
| CommonWealth Magazine |
Excellence in Corporate Social Responsibility Award ‒ Honorable Legion of Corporate Sustainability |
| Institutional Investor Magazine |
Most Honored Company (Technology/Semiconductors) ‒ All-Asia |
| Forbes |
The World’s Top 10 Largest Technology Companies in 2022 |
| FORTUNE |
2022 World’s Most Admired Companies |
| Asiamoney |
2022 Asia’s Outstanding Companies – Semiconductors & Semiconductor Equipment Sector for the 5th consecutive year |
| Taiwan Institute of Sustainable Energy | Taiwan Top 10 Sustainability Exemplary Awards for the 7th consecutive year |
| IFI Claims Patent Services |
Ranked as 3rd in 2022 Top 50 US Patent Assignees |
