Page 37 - TSMC 2019 Annual Report

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 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 Committee and and Compensation Committee Committee Committee Committee Each Committee Committee Committee Committee has a a a a a a a a a written charter approved by the the the the Board Board Each Committee’s chairperson regularly reports to the the the the Board Board on on on the the the the activities and actions of the the the the relevant committee 2019 Corporate Governance Awards and Ratings
Committee of 100
FT-ODX (Financial Times Outstanding Directors Exchange) Dow Jones Sustainability Indices (DJSI)
MSCI ESG Indexes
FTSE4Good Indexes
Nikkei Asian Review Taiwan Stock Exchange FORTUNE
Institutional Investor Magazine
Forbes
CommonWealth Magazine
Taiwan Institute of Sustainable Energy
3 2 Board of Directors Board Structure
Founder Dr Morris Chang was honored with Lifetime Achievement Awards Our Independent Director Director Sir Peter L Bonfield received 2019 Outstanding Directors Awards Dow Jones Sustainability World Index for the 19th consecutive year Dow Jones Sustainability Emerging Markets Index MSCI ACWI ESG Leaders Index component MSCI ACWI SRI Index component FTSE4Good Emerging Index component FTSE4Good TIP Taiwan ESG Index component Asia300 Power Performers
Top 5% in Corporate Governance Evaluation of Listed Companies for the 5th consecutive year TWSE Corporate Governance 100
Index component 2019 World's Most Admired Companies Fortune Global 500
Most Honored Company (Technology/Semiconductors) – All-Asia
Best Corporate Governance (Technology/Semiconductor) – – 1st Place (buy-side and sell-side) – – All-Asia
Best ESG/SRI Metrics (Technology/Semiconductor) – – 1st Place (buy-side and sell-side) – – All-Asia
World's Best Employers Top 100
Digital Companies Corporate Social Responsibility Award – – Large cap –1st Place The Most Prestigious Sustainability Awards – Top Ten Domestic Corporates
Taiwan Top 50 Corporate Responsibility Report Awards – – IT & IC Manufacturing Industry – – Platinum Award Award Organization
Awards TSMC’s Board of of of Directors consists of of of nine 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 deeply rely on on on them for their diverse knowledge personal perspectives and solid business judgment Five of of those nine members are Independent Directors: former British Telecommunications Chief Executive Officer Sir Peter L Bonfield Co-Founder Chairman Chairman Emeritus of of of the Acer Group Mr Stan Shih former former Chairman Chairman of of of National Performing Arts Center and former former Advisor of of of Executive Yuan R R O C C C C C Ms Kok-Choo Chen former former Chairman of Applied Materials Inc Mr Michael R R Splinter and former former Chief 35