Page 48 - TSMC 2020 Annual Report

(2) The revisions to to the the Procedures for Lending Funds to to Other Parties and
(3) Election of one additional Independent Director Implementation Status
All the the resolutions of the the Shareholders’ Meeting have been fully implemented in accordance with the resolutions Mr Yancey Hai was elected as as the Independent Director His tenure is is from June June 9 2020 to June June 4 2021 3 3 3 3 2 Major Resolutions of Board Meetings
During 2020 and
as of of the date of of this Annual Report major resolutions approved at Board meetings are summarized below:
(1) Board Meeting of February 10 & 11 2020:
● approving 2019 business report and
financial statements ● approving the distribution of a a a a NT$2 5 per share cash
dividend for the fourth quarter of 2019 and
set June 24 2020 as the record date for common stock shareholders entitled to participate in this cash
dividend distribution ● approving distribution of employees’ cash
bonus and
profit sharing bonus for 2019 ● approving capital appropriations of approximately US$6 742 1 1 million for purposes including: 1 1 Fab construction and
installation of fab facility systems 2 Installation and
upgrade of advanced technology capacity capacity 3 Installation of specialty technology capacity capacity 4 Installation of advanced packaging capacity 5 Second quarter 2020 R&D capital investments and
sustaining capital expenditures ● approving the issuance of no more than NT$60 billion (approximately US$2 01 billion) unsecured corporate bonds in in Taiwan to finance TSMC’s capacity expansion and/or pollution prevention related expenditures and
and
● convening the 2020 Annual Shareholders’ Meeting at which shareholders held an election for one additional independent director (2) Regular Board Meeting of May 11 & 12 2020:
● approving change of location for TSMC’s 2020 Annual 3 Installation of specialty technology capacity 4 Third quarter 2020 R&D capital investments and
sustaining capital expenditures ● approving capital appropriation of approximately US$64 75 million for capitalized leased assets in the second half of 2020 ● approving the issuance of no more than NT$60 billion (approximately US$2 03 billion) unsecured corporate bonds in in Taiwan to finance TSMC’s capacity expansion and/or pollution prevention related expenditures and
and
● approving the promotion of Dr Cliff Hou as Senior Vice President (3) Regular Board Meeting of August 10 & 11 2020:
● approving the distribution of a a a a NT$2 5 per share cash
dividend for the second quarter of 2020 and
set December 23 2020 as the record date for common stock shareholders entitled to participate in this cash
dividend distribution ● approving capital appropriations of approximately US$5 271 6 million for purposes including: 1 1 Installation and
expansion of advanced technology capacity 2 Installation Installation of specialty technology capacity 3 Installation Installation of advanced packaging capacity 4 Fab construction installation of fab facility systems and
capitalized leased assets 5 Fourth quarter 2020 R&D capital investments and
sustaining capital expenditures ● approving the issuance of US dollar-denominated unsecured corporate bonds for an amount not to exceed US$1 billion and
approved the provision of a a a a a guarantee to TSMC Global a a a wholly-owned foreign subsidiary of TSMC for its issuance of US dollar-denominated senior unsecured corporate bonds for an amount not to exceed US$3 billion to finance TSMC’s capacity expansion and
● approving the promotion of Dr Kevin Zhang as Senior Vice President (4) Regular Board Meeting of November 9 & 10 2020:
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● ● Shareholders’ Meeting in in response to COVID-19 pandemic approving the distribution of a a a a NT$2 5 per share cash
dividend for the first quarter of 2020 and
set September 23 2020 as the record date for common stock shareholders entitled to participate in this cash
dividend distribution approving capital appropriations of approximately US$5 704 0 0 million for purposes including: 1 Fab construction and
installation of fab facility systems 2 Installation and
upgrade of advanced technology capacity ● ● ● approving the distribution of a a a a NT$2 5 per share cash
dividend for the third quarter of 2020 and
set March 23 2021 as the record date for common stock shareholders entitled to participate in this cash
dividend distribution approving capital appropriations of approximately US$15 1 1 1 billion for purposes including: 1 1 1 Installation and
expansion of advanced technology capacity 2 Installation Installation of specialty technology capacity 3 Installation Installation and
upgrading of advanced packaging capacity 4 Fab construction installation of fab facility systems and
capitalized leased assets 5 First quarter 2021 R&D capital capital investments and
sustaining capital expenditures approving capital appropriation of approximately US$124 7 million to build up a a a a Zero Waste Manufacturing Center at the Central Taiwan Science Park