Annual Reports  >  2013  >  Corporate Governance > Overview

TSMC advocates and acts upon the principles of operational transparency and respect for shareholder rights. We believe that one basis for successful corporate governance is a sound and effective Board of Directors. In line with this principle, the TSMC Board delegates various responsibilities and authority to two Board Committees, Audit Committee and Compensation Committee. Each Committee has a written charter approved by the Board. Each Committee’s chairperson regularly reports to the Board on the activities and actions of the relevant committee. The Audit Committee and Compensation Committee consist solely of independent directors.

2013 Corporate Governance Awards

Organization Awards
FinanceAsia Asia’s Best Managed Companies in Hong Kong, Korea and Taiwan
Best Managed Company - Ranked No.1 in Taiwan
Best Corporate Governance Company - Ranked No.1 in Taiwan
EUROMONEY Asia Best Managed Companies - IT/software/technology
IR Magazine 2013 Greater China Awards - Best corporate governance and disclosure
BARRON’S Top 100 World’s Most Respected Companies
CommonWealth Magazine Most Admired Company - Ranked No.1 in Taiwan
R.O.C. Securities & Futures Institute 10th Information Disclosure of Public Companies Ranking - Ranked A+