HTC 2011 Annual Report Download - page 22

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Corporate Governance
HTC is committed to implementing good governance, effective risk management and
information transparency. In 2011, IR Magazine recognized HTC with its "Best Investor
Relations by a CEO or President" award in the Greater China Award category. We
were also nominated for numerous IR Magazine national awards including "Best
Reporting by a Taiwanese Company", "Best Corporate Governance and Disclosure",
and "Best Investment Meetings". HTC policies related to these corporate governance
are explained further below:
1. Independent Director Positions Created
In accordance with the Securities and Exchange Law, HTC elected two independent
directors at its board re-elections in 2010, in order to strengthen the independence
and functions of Directors and enhance the operational effectiveness of the Board.
2. Remuneration Committee Created
In compliance with the "Regulations Governing the Appointment and Exercise of
Powers by the Remuneration Committee of a Company whose stock is listed on the
Stock Exchange or Traded Over-the-Counter" as per Letter No.1000009747 issued
by the Financial Supervisory Commission of the Executive Yuan on March 18, 2011,
the Board of Directors resolved to adopt the Company's Compensation Committee
Charter and appoint Independent Director Mr. Chen-Kuo Lin; Director Mr. HT Cho and
independent professional advisor Mr. Harvey Chang to the Company's Compensation
Committee on December 22, 2011. The official functions of the Committee are to
professionally and objectively evaluate the policies and systems for the compensation
of HTC directors, supervisors, and managers, and submit recommendations to the
board of directors for its reference in decision making.
In 2012 Mobile World Congress (MWC), HTC unveiled its new HTC One series of
smartphones that represent its most premium mobile experience with a new level
of iconic design and amazing camera and authentic sound experience. The HTC
One series integrates Android 4.0 (ICS) and features longer battery life and high
performance new quad-core mobile processor and an amazing HD screen Super
LCD 2 with custom HTC ImageChip. With HTC Sense™ 4, the new version of HTC’s
branded user experience that is introducing HTC ImageSense™, a new suite of camera
and imaging features that set HTC One apart from other phones. HTC Sense™ 4 also
includes broad enhancements to audio quality and simplifies how people listen to
music on their phone.
R&D Expenditures in Recent Years
Unit: NT$ millions
2012 Q1 2011 2010
Worldwide R&D Expenditures 3,427 15,961 12,940
As a Percentage of Worldwide Revenue 5.1% 3.4% 4.6%
3
BUSINESS OPERATIONS
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BUSINESS OPERATIONS
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