✧ Diversity Policy
According to the Sample Template for Procedures for Election of Directors released by TWSE, the Company has incorporated the concept of diversity into the Rules Governing the Election of Directors. Two major areas, namely basic requirements and values and professional knowledge and skills (e.g., law, accounting, industry, finance, marketing or technology) should be taken into consideration during the election of Directors. Directors shall commonly possess the knowledge, skills, general capacity and disposition required to perform their duties.
✧ Specific Management Targets and Current Implementation Status
The Board of Directors is set up with the specific aim of appointing Directors of different gender and age and with different professional knowledge and background, consisting of at least one Director with finance or accounting background and at least one Director with management experience in the steel industry. At present, the Board of Directors is composed of 11 Directors with 4 Independent Directors, including 4 female Director, 1 Director recommended by the labor union of the Company as labor representative, and 2 Directors holding a management position, whose professional knowledge and skills cover different areas, including steel, economics, forestry and resource conservation, social science, machinery, mining engineering, law, accounting, and finance. Out of the current Directors, the numbers of those with finance and accounting backgrounds and management experience in the steel industry are 3 and 4 respectively.
Implementation Status is shown in the table below:
Core Diversity Element
Name of Director
|
Composition | Business Management | Decision-Making | Industry Knowledge | Steel Industry Management Experience | Finance and Accounting | Marketing | Technology | Risk Management | Sustainable Development | Climate Change Adaptation | ||||||||
Gender | Employed by the Company | Ages | Tenure of Independent Directors | ||||||||||||||||
40 ~ 49 | 50 ~ 59 | 60 ~ 69 | > 70 | < 3yrs | 4~8yrs | > 9yrs | |||||||||||||
Chairman Chien-Chih Hwang |
Male | V | N/A | 1 | V | 2 | 3 | V | V | V | |||||||||
Director Chien-Hsin Lai |
Male | V | V | 1 | V | V | 2 | 3 | |||||||||||
Director Wen-Chung Hu |
Male | V | V | 2 | 3 | V | 1 | V | |||||||||||
Director Shou-Tao Chen |
Male | V | V | 3 | V | 2 | 1 | V | V | V | |||||||||
Director Jih-Jau Jeng |
Male | V | V | V | 3 | 2 | 1 | V | V | V | |||||||||
Director |
Female | V | V | V | 1 | 3 | V | 2 | V | ||||||||||
Director |
Male | V | V | 3 | 1 | 2 | V | V | |||||||||||
Independent Director Shih-Kun Wang |
Male | V | V | V | V | 3 | 1 | 2 | V | ||||||||||
Independent Director Chia-Chi Lu |
Female | V | V | V | 3 | 1 | 2 | V | |||||||||||
Independent Director Wan-Ru Yang |
Female | V | V | 3 | 1 | 2 | V | ||||||||||||
Independent Director Yu-Chin Liao |
Female | V | V | 3 | 2 | 1 | V |
Note: The directors' three primary areas of expertise are ranked in order as 1, 2, and 3. Other areas of expertise are indicated with a "V" and are not ranked.