Board of Directors and Committees

The Board of Directors is structured with the specific objective of ensuring diversity in gender, age, professional expertise, and backgrounds, consisting of at least one director with the background in either finance or accounting and at least one director with management experience in the steel industry. At present, the Board of Directors is composed of 11 directors with three independent directors, including one female director, one director recommended by the CSC Labor Union as a labor representative, and three directors holding management positions, and their professional knowledge and skills cover different areas, including steel, civil engineering, industrial management, mechanical engineering, materials, electrical engineering, aerospace, accounting, and sustainable development. Among the current directors, two have a background in finance and accounting, while four have practical management experience in the steel industry. To further promote board diversity, CSC plans to increase the number of independent directors so that they constitute one-third of the total board seats.

To implement corporate governance and enhance the functionality of the board of directors, CSC has established performance targets to strengthen the efficiency of board operations and advance ESG initiatives. In 2019, CSC initiated the Performance Appraisal of the Board, and internal assessments are conducted annually. The results of the performance appraisal are reported to the Board of Directors by the end of the first quarter of the following year, serving as a basis for review and improvement. Additionally, at least one external performance assessment is conducted every three years with the assistance of an external professional independent organization or a team of external expert scholars. To ensure the continuous enhancement of the expertise of the directors and their overall knowledge of topics related to corporate governance and corporate sustainability, CSC regularly arranges ESG-related sustainability courses for directors and members of the managing team of the CSC Group to attend each year.