Page 40 - TSMC 2020 Annual Report

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 actions of the relevant committee 2020 Corporate Governance Awards and Ratings
Dow Jones Sustainability Indices (DJSI)
RobecoSAM (S&P Global) MSCI ESG Indexes
Sustainalytics FTSE4Good Index Wall Street Journal
Corporate Knights
Institute of Electrical and Electronics Engineers (IEEE) Institutional Investor Magazine
FORTUNE
Forbes
Taiwan Stock Exchange CommonWealth Magazine
Taiwan Institute of Sustainable Energy
3 2 Board of Directors Board Structure
Dow Jones Sustainability World Index for the 20th consecutive year Dow Jones Sustainability Emerging Markets Index The Sustainability Yearbook Award 2020 – Gold Class
MSCI ACWI ESG Leaders Index component MSCI ACWI SRI Index component MSCI Emerging Markets ESG Leaders Index “Top Rated” within the Semiconductor Industry
FTSE4Good Emerging Index component FTSE4Good All-World Index component FTSE4Good TIP Taiwan ESG Index component The 100 Most Sustainably Managed Companies in in the World Global 100 Most Sustainable Corporations
2021 IEEE Corporate Innovation Award Most Honored Company (Technology/Semiconductors) – All-Asia
Best ESG Metrics (Technology/Semiconductors) – – 1st Place (buy-side and sell-side) – – All-Asia
2020 World’s Most Admired Companies Fortune Global 500
World’s Best Employers
Top 5% in Corporate Governance Evaluation of Listed Companies for the 6th consecutive year Corporate Social Responsibility Award – – Large cap – – 1st Place The Most Prestigious Sustainability Awards – – Top Ten Domestic Corporates – – for the 5th consecutive year Taiwan Top 50 Corporate Responsibility Report Awards – – IT & IC Manufacturing Industry
– – Platinum Award Award Organization
Awards 038
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 deeply rely on on on them for their diverse knowledge personal perspectives and solid business judgment Six of of those ten members are Independent Directors: former British Telecommunications Chief Executive Officer Sir Peter L Bonfield Co-Founder Chairman Chairman Emeritus of of the Acer Group Mr Stan Shih former former Chairman Chairman of of National Performing Arts Center and former former Advisor of of Executive Yuan R R O C C C C Ms Kok-Choo Chen former former Chairman of of Applied Materials Inc Mr Michael R R Splinter former former Chief Executive Officer of of Xilinx Inc Inc Mr Mr Moshe N Gavrielov and currently Chairman of of Delta Electronics Inc Inc Mr Mr Yancey Hai Independent Directors constitute 60% of the Board TSMC’s Board is is comprised of of of a a a a a a a a diverse group of of of professionals from different backgrounds in in industries academia law etc These professionals include citizens from Taiwan Europe and the U S with world-class business operating experience one of of whom is female