Page 57 - TSMC 2019 Annual Report

3 9 9 9 2 2 2 2 2 2 TSMC did not replace its independent auditor during 2018 2019 and as of February 29 2020 3 3 9 3 3 TSMC’s Chairman Directors Chief Chief Executive Officer Officer Chief Chief Financial Officer Officer and Managers in in Charge of Its Finance and Accounting Operations Did Not Hold Any Positions within TSMC’s Independent Audit Firm or Its Affiliates in the Most Recent Year 3 9 4 Evaluation of the External Auditor’s Independence
The Audit Committee annually monitors the the independence of TSMC’s external auditor by conducting the the following evaluation standards and reports the the same to to the the Board of Directors:
1 The auditor’s independence declaration
2 The Audit Committee pre-approves all audit audit audit audit and non-audit non-audit services services conducted by the the auditor to to ensure that the the non-audit non-audit services services do not influence the the results of the the audit 3 Ensure the audit partner rotates every five years
4 Annually evaluate the the the the independence of of the the the the external auditor auditor based on the the the the results of of the the the the auditor auditor survey regarding its financial interests commercial relations relations employment relations relations and etc 3 10 Material Information Management Procedure
TSMC has established relevant procedures for for managing and disclosing material information The responsible departments regularly remind all officers and and employees about the the the the need to comply with these procedures and and other applicable regulations when they become aware of any potential material information information and the possible need to publicly disclose such information information To ensure that our employees managers and and board directors are are aware of and and comply with these relevant regulations TSMC has also established our “Insider Trading Policy” To reduce the risk of insider trading on-line training programs and live seminars are conducted periodically In addition employees can familiarize themselves with relevant internal policies and training articles by easily accessing TSMC’s Legal Organization intranet website 55