Page 36 - 2017 TSMC Annual Report

3 Organization
Awards
Dow Jones Sustainability Indices (DJSI)
Membership in in the the Dow Jones Sustainability World Index for the the 17th consecutive year RobecoSAM Sustainability Award - Gold Class
MSCI ESG Indexes
Selected as MSCI ACWI ESG Leaders Index component Selected as MSCI ACWI SRI Index component FTSE4Good Index Selected as FTSE4Good Emerging Index component IR Magazine
Global Top 50 Gold – best investor relations
FORTUNE
Selected as one of The World’s Most Admired Companies
Institutional Investor
Selected as one of the Most Honored Company (Greater China)
Forbes
Chairman Dr Morris Chang was selected as as one of the World’s 100 Greatest Living Business Minds
Taiwan Institute of Sustainable Energy
Taiwan Corporate Sustainability Awards:
Chairman Dr Morris Chang received TSCA Honorary Award Award The Most Prestigious Sustainability Awards
- Top 10 Domestic Corporates Top 50 Corporate Sustainability Report Awards
- Electronics Industry Circular Economy Leadership Awards
Taiwan Stock Exchange
Ranked in in top 5% in in Corporate Governance Evaluation of Listed Companies
for the 3rd consecutive year Corporate Governance 3 1 Overview
TSMC advocates and and acts upon the the principles of operational transparency and and respect for shareholder rights We believe that the the basis for successful corporate governance is is is a a a a a a a sound and effective Board Board of Directors In line with this principle the TSMC Board Board delegates various responsibilities and and authority to two Board Committees Audit Committee Committee Committee and and Compensation Committee Committee Committee Each Committee Committee has a a a a a a a a a written charter approved by the the the Board Board Each Committee’s chairperson regularly reports to the the the Board Board on
on
the the the activities and and actions of of the relevant committee The Audit Committee Committee and and Compensation Committee Committee consist solely of of independent directors 2017 Corporate Governance Awards
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3 2 Board of Directors Board Structure
TSMC’s Board of of of Directors consists of of of ten distinguished members with a a a a a a a great breadth of of of experience as as world-class business leaders or or professionals We rely on
on
on
them for their diverse knowledge personal perspectives and solid business judgment Five of of the the the ten members are independent directors: former British Telecommunications Chief Executive Officer Sir Peter L Bonfield Co-Founder Chairman Chairman Emeritus of of the the Acer Group Mr Mr Stan Shih former Texas Instruments Inc Chairman Chairman of of the the Board Mr Mr Thomas J Engibous former former Chairman of of National Performing Arts Center and former former Advisor of of Executive Yuan R O C C C C C Ms Kok-Choo Chen and former Chairman of of of Applied Materials Inc Mr Michael R Splinter The number of of of Independent Directors is 50% of of of the total number of of of Directors Directors Two of of of the the members of of of the the Board Directors Directors are female Board Responsibilities
Under the leadership of of Chairman Morris Chang TSMC’s Board of of Directors takes a a a a a a a a a a a serious and and forthright approach to to its duties and and is a a a a dedicated competent and independent Board