• Corporate Governance
 
  • Board of Directors

GUC's Board of Directors consists of nine members including four independent directors. Their careers span a wide breadth of technology, business and management experience.

Name of Directors:

F.C. Tseng Chairman; Vice Chairman of TSMC
Lora Ho  Director; SVP, CFO & Spokesperson of TSMC
Cliff Hou Director; VP in Research and Development of TSMC
Ken Chen Director; President of GUC
K.C. Shih Director; Founder of GUC
Benson Liu Independent Director; Vice President of Taiwan Corporate Governance Association
Chein-Wei Jen Independent Director
Wen-Yeu Wang Independent Director; Professor of College of Law, National Taiwan Unerversity
Peter Wu Independent Director; Professor of Department of Electronics Engineering, Natioanl Chiao Tung University
  • Major Resolutions of BOD Meetings
  Ratio of Attendance Major Resolutions
20050531 7/7
  1. Select the Chairman and Vice Chairman
20050815 6/7
  1. Disclose the financial statement of first half year in 2005 audit by CPA.
  2. Revise the Articles of Incorporation to RAISE authorized captial to NT$ 1.5 billion.
  3. Approve the 4 th Employee Stock Option Plan.
20050906
Temporary
7/7
  1. Approve 2005 Ex-dividend date.
20051118 7/7
  1. Approve the number of Board of Directors to be 8 persons.
  2. Appoint Mike Yin to be CFO, and Amy Yang to be Accounting Manager.
20060216 7/8
  1. Approve 2005 financial statements.
  2. Approve dividend distribution.
  3. Appoint Michael Chang to be R&D Vice President and Joe Wang to be POD Vice President.
20060411 Temporary 8/8
  1. Approve the number of Board Directors to be 9 persons .
  2. Appoint Daniel Chien to be CFO.
20060525 8/8
  1. Revise the 4th Employee Stock Option Plan.
20060810 8/9
  1. Approve 2006 EX-dividend date.
  2. Disclose the financial statement of first half year in 2006 audited by CPA.
20060928 Temporary 9/9
  1. Approve the issuance of 12,288,000 new shares for IPO, and offering price is NT$38..
  2. Approvel to adopt non-physical securities delivered by book-entry transfer.
20061110 8/9
  1. Appoint Tracy Wu to be internal audit officer.
  2. Approve the ordinance of the Board of Directors.
20070208 9/9
  1. Approve 2006 financial statements.
  2. Approve dividend distribution.
  3. Approve China office set-up.
20070517 9/9
  1. Approve to revise 2007 Capital Expenditure Plan.
20070524
Temporary
7/9
  1. Approve 2007 EX-dividend date.
20070816 7/8
  1. Disclose the financial statements of first half year in 2007 audited by CPA.
20071115 8/8
  1. Approve the 5th Employee Stock Option Plan.
20071224 8/8
  1. Approve to grant the 5th Employee Stock Options.
20080306 8/8
  1. Approve 2007 financial statements.
  2. Approve dividend distribution.
  3. Approve Korea liaison office and Netherland subsidiary set-up.
20080611 9/9
  1. Elect the Chairman and Vice Chairman
20080814 9/9
  1. Disclose the financial statements of first half year in 2008 audited by CPA.
20081113 9/9
  1. Approve BVI subsidiary set-up.
20090219 9/9
  1. Approve 2008 financial statements.
  2. Approve dividend distribution.
  3. Appoint Jerry Tzou to be POD Vice President.
20090514 9/9
  1. Approve ''Internal Control System '' revision.
20090603

9/9

  1. Approve 2009 EX-dividend date.
20090813 9/9
  1. Disclose the financial statement of first half year in 2009 audited by CPA.
  2. Appoint Lung Chu to be Vice President.
20091112 9/9      1.   Approve 2010 audit plan.
20100211 9/9
  1. Approve 2009 financial statements.
  2. Approve dividend distribution.
20100513 9/9
  1. Approve ''Procedures for Lending Funds to Other Parties'' and ''Procedures for Endorsment & Guarantee ''  revision
20100604 9/9
  1. Approve 2010 EX-dividend date.
20100812 9/9
  1. Approve ''Risk Management Policy''.
20101111 9/9
  1. Approve 2011 audit plan.
20110217 9/9
  1. Approve 2010 financial statements.
  2. Approve dividend distribution.
20110602 9/9
  1. Elect the Chairman.
20110811 9/9
  1. Disclose the financial statement of first half year in 2011 audited by CPA.
  2. Appoint JJ Lin to be  Executive Vice President.
20111110 9/9
  1. Approve 2012 audit plan.
20120216 9/9
  1. Approve 2011 financial statements.
  2. Approve dividend distribution.
20120517 9/9
  1. Approve 2011 EX-dividend date.
20120816 9/9
  1. Approve 2012 1H financial statements.
  2. Approve  ''Accounting System ''  revision.
  3. Approve ''Internal Control System ''  and  ''Internal Audit Implementation Rules''  revision.
  4. Approve ''Procedures for Lending Funds to Other Parties'' and ''Procedures for Endorsment & Guarantee ''  revision.
20121115 9/9
  1. Approve 2013 audit plan.
  2. Approve '' Rules and Procedures of Board of Directors Meetings ''  revision.
  3. Approve '' Articles of Incorporation '' revision.
  4. Approve '' Rules for Election of Directorses '' revision.
20130207 9/9
  1. Approve 2012 financial statements and business report.
  2. Approve the proposal for no distribution of 2012 profits, but each common share holder will be entitled to receive a cash of NT$3 per share allocated  from capital surplus.
20130509 9/9
  1. Approve '' Rules of Procedure for Shareholders Meetings ''  revision.
  2. Appoint C.J. Liang to be R&D Vice President .
20130620 9/9

     Approve the record date for distribution of cash from capital surplus.

20130808 9/9

     Report 2013 Q2 financial statements to the board of directors.

20131107 9/9

     Approve 2014 audit plan.

20140213 9/9
  1. Approve 2013 financial statements and business report.
  2. Approve the proposal for each common share holder will be entitled to receive a cash of NT$3 per share allocated  from  retain earnings and  capital surplus.
  3. Approve ''Procedures for acquisition or disposal of assets''  revision.
20140410 9/9

     Approve the nominated Directors (including Independent Directors) candidates.

20140509 9/9

     Approve to revise 2014 Capital Expenditure Plan.

20140529 9/9
  1. Elect the Chairman.
  2. Approve the EX-dividend date.
20140808 9/9

     Report 2014 Q2 financial statements to the board of directors.

20141107 9/9
  1. Report 2014 Q3 financial statements to the board of directors.
  2. Approve 2014 audit plan.
  3. Approve  ''Internal Control System '' and  ''Internal Audit Implementation Rules'' revision.
  4. Approve  ''Compensation Committee Charter'' revision. 
  5. Approve  ''Procedures for Ethical Management & Code of Ethics & Business Conduct'' 
  6. Approve  ''Corporate Governance Best-Practice Principles'' 
20150212 9/9
  1. Approve 2014 financial statements and business report.
  2. Approve the proposal of dividend distribution for each common share holder will be entitled to receive a cash of NT$3 per share allocated  from  retain earnings.
  3. Approve ''Corporate Governance Best-Practice Principles''  revision.
  4. Approve  ''Procedures for Ethical Management & Code of Ethics & Business Conduct'' revision.
  5. Approve  ''Corporate Social Responsibility Best-Practice Principles''. 
20150508 9/9
  1. Report 2015 Q1 financial statements to the board of directors.
  2. Appoint Karen Lin as Accounting Controller.
20150528 9/9

     Approve the EX-dividend date.

20150807 9/9

     Report 2015 Q2 financial statements to the board of directors. 

20151106 9/9
  1. Report 2015 Q3 financial statements to the board of directors.
  2. Approve 2016 audit plan.
  3. Approve " Procedures for suspending/reviving stock trading".
20151204 9/9

     Strategy Report

20160204 9/9
  1. Approve '' Articles of Incorporation '' revision.
  2. Approve 2015 financial statements and business report.
  3. Approve the proposal of dividend distribution for each common share holder will be entitled to receive a cash of NT$3 per share allocated from retained earnings.
20160505 9/9
  1. Report 2016 Q1 financial statements to the board of directors.
  2. Approve "Audit Committee Charter" revision. 
20160526 9/9      Approve the EX-dividend date.
20160804 9/9
  1. Report 2016 Q2 financial statements to the board of directors.
  2. Appoint Dr. Ken Chen as President.
  3. Approve Korea subsidiary set-up.
20161103 9/9

     Report 2016 Q3 financial statements to the board of directors.

20161201 9/9  Strategy Report
20170209 9/9
  1. Approve 2016 financial statements and business report.
  2. Approve the proposal for each common share holder will be entitled to receive a cash of NT$3.5 per share allocated  from  retain earnings.
  3. Approve ''Procedures for acquisition or disposal of assets''  revision.
20170331 9/9  Approve the nominated Directors (including Independent Directors) candidates.

 

  • Audit Committee

The Audit Committee is set up by all of the Independent Directors.  The Committee assists the Board in carrying out its financial oversight responsibilities, which include reviewing the Company's accounting policies, financial reports, auditing, and the Company's internal control systems.

The Audit Committee meets regularly each quarter.  The Committee is empowered by its Charter to conduct any study or investigation it deems appropriate to fulfill its responsibilities.  It can invite the Company's management team, internal auditors, the Company's independent external auditors, and all employees of the Company to join the meeting.

  • Compensation Committee

The Compensation Committee is set up by all of the Independent Directors. The Committee meets at least four times a year. The Compensation Committee assists the Board in discharging its responsibilities related to GUC's compensation and benefits policies, plans and programs, and in the evaluation and compensation of GUC's executives.

  • Independent Director Mail Box

Independent Director Mail Box
E-mail: acinfo@guc-asic.com

  • Performance Evaluation of Boards and Directors:

To enhance the Board functions and to improve the operation efficiency of the Board of directors, system of performance evaluation and policy is established.GUC conducts an internal board performance self-assessment once a year according to the assessment procedures and a written report summarizing the results, issues for discussion and recommendations for initiatives will be presented to the Board and discussed at a Board meeting. An external institution or experts will be appointed to conduct assessments of board performance every three years. And scoring criteria of self-assessment may be modified and adjusted based on the company's needs and regulation requirement.

Result of Performance Evaluation of Boards and Directors:

The Y2015 performance review for all Board directors met expectation.
 

 

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