Hsinchu, Taiwan, R.O.C., June 26, 2008 –TSMC announced today that the Company won Corporate Governance Asia’s “Annual Recognition Award 2008” for Taiwan for a third consecutive year.
Corporate Governance Asia, a journal specializing in corporate governance in the Asian region, recognized Asian companies demonstrating excellence in Corporate Governance with its Annual Recognition Award since 2005. Three Taiwan companies won this award in 2008, including China Airlines and Taiwan Mobile Co., Ltd.
According to Corporate Governance Asia’s criteria for the award, awardees must have a previous publicly-acclaimed track record for corporate governance, and must have been involved in a specific publicly-known activities directly related to improving or enhancing the standards of corporate governance during the past 12 months. In addition, awardees must have implemented significant and specific corporate governance-related reforms in the past 12 months in areas including rights of shareholders, disclosure and transparency, board and management discipline, audit and remuneration committee, independent non-executive directors, investor relations, public impression, corporate governance as a business proposition, and corporate social responsibility and environmental practices.
“Effectively raising shareholder value while meeting corporate social responsibilities is an important goal for corporations operating in the global competitive environment of the 21st century, and good corporate governance is a key part of reaching this goal,” said Lora Ho, VP, Chief Financial Officer and Spokesperson of TSMC. “TSMC’s long-term efforts to enhance corporate governance have won acclaim both in Taiwan and abroad, and our third consecutive award from Corporate Governance Asia is both an encouragement and an affirmation of our efforts. TSMC will continue to bring its culture of integrity to corporate governance, work to raise shareholder value, shoulder our responsibility to society, and ensure sustainability.”
TSMC is the world’s largest dedicated semiconductor foundry, providing the industry’s leading process technology and the foundry industry’s largest portfolio of process-proven libraries, IP, design tools and reference flows. The Company’s total managed capacity in 2007 exceeded eight million (8-inch equivalent) wafers, including capacity from two advanced 12-inch Gigafabs, four eight-inch fabs, one six-inch fab, as well as TSMC’s wholly owned subsidiaries, WaferTech and TSMC (Shanghai), and its joint venture fab, SSMC. TSMC is the first foundry to provide 40nm production capabilities. Its corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please see http://www.tsmc.com.