Page 28 - TSMC 2024 Annual Report

Title/Name
Gender Age
Nationality or Place of Registration
Date Elected
Term Expires
Date First Elected
Shares Held When Elected
Shares Currently Held Shares (Note 2)
%
Shares (Note 2)
%
U S 06/04/2024
06/03/2027
06/04/2024
- - R O C 06/04/2024
06/03/2027
06/04/2024
126 826
126 826
Independent Director Lynn L L Elsenhans
Independent Director Chuan Lin
Female 66-70
Male 71-75
- - 0 0 0 00%
0 0 0 00%
Remarks:
1 No member of of the Board of of Directors held TSMC shares by nominee arrangement 2 Managers or or or or Directors who are spouses or or or or within second-degree relative of consanguinity to to to the directors: None 3 Rationale for electing the the the same person as Chairman and and Chief Executive Officer (CEO): To navigate the the the rapidly changing landscape of of the the the highly competitive semiconductor industry TSMC’s Board of of Directors elected Dr Dr C C C C C C C C Wei Wei as the the the the the the Chairman and and CEO following the the the the the the Board’s re-election at at the the the the the the Annual Shareholders’ Meeting on on June 4 4 2024
With Dr Dr Wei Wei at at the the the the the the helm the the the the the the alignment between the the the the the the Board Board of Directors and and the management team is is expected to to be more effective enhancing efficiency in in in in in decision-making and and execution and and maximizing shareholder value The Company currently has seven independent directors accounting for 70% of the the the total board seats The remaining directors do not hold managerial or or or employee roles within the the the Company ensuring the the the Board’s independence in in in in in in in in in decision-making while enabling professional oversight and and and guidance that meet shareholder and and and market expectations for the Company’s stability and and and long-term value Note 1: TSMC TSMC shareholders elected TSMC’s 16th Board of of Directors Directors Directors at at at its 2024
2024
Annual Shareholders’ Meeting on on on June 4 4 4 2024
2024
The ten Directors Directors Directors (including seven Independent Independent Independent Directors) are: Dr Dr Dr C C C C C C C C C C Wei Dr Dr Dr F F C C C C C Tseng Dr Dr Dr Dr Dr Ming-Hsin Kung (Representative of of the the National Development Fund Executive Yuan) Sir Peter Leahy Bonfield (Independent (Independent (Independent (Independent (Independent (Independent (Independent Director) Director) Director) Director) Director) Director) Director) Mr Mr Michael R R R R Splinter (Independent (Independent (Independent (Independent (Independent (Independent (Independent Director) Director) Director) Director) Director) Director) Director) Mr Mr Moshe N N Gavrielov (Independent (Independent (Independent (Independent (Independent (Independent (Independent Director) Director) Director) Director) Director) Director) Director) Dr Dr Dr Dr L L L L L Rafael Reif (Independent (Independent (Independent (Independent (Independent (Independent (Independent Director) Director) Director) Director) Director) Director) Director) Ms Ms Ursula M M M M M M M M M M Burns (Independent (Independent (Independent (Independent (Independent (Independent (Independent Director) Director) Director) Director) Director) Director) Director) Ms Ms Lynn L L L L L Elsenhans
(Independent (Independent (Independent (Independent (Independent (Independent (Independent Director) Director) Director) Director) Director) Director) Director) and and Dr Dr Dr Dr Chuan Lin
(Independent (Independent (Independent (Independent (Independent (Independent (Independent Director) Director) Director) Director) Director) Director) Director) After the the the the the Annual Shareholders’ Meeting TSMC held held the the the the first meeting of of of the the the the 16th Board Board of of of Directors where the the the the Board Board unanimously elected Dr Dr Dr C C C C C C C C C C C C Wei as Chairman and and Chief Executive Officer Note Note 2: Does not include shares held held in in in the the the form of of ADSs Note Note 3: Major Shareholders of of the the Institutional Shareholder Shareholder National Development Fund Executive Yuan Not Applicable
Note 4: Mr Mr Chin-Ching Liu was appointed as as the the representative of the the National Development Fund succeeding Mr Mr Ming-Hsin Kung on on June 6 2024
Institutional Shareholder Major Shareholders Shareholders (Top 10 Shareholders) of the Institutional Shareholder Shareholder Shareholder 026