HTC 2013 Annual Report Download - page 69
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FINANCIAL STATUS, OPERATING RESULTS AND RISK MANAGEMENT FINANCIAL STATUS, OPERATING RESULTS AND RISK MANAGEMENT
134 135
In March 2012, Washington Court granted on the Company's summary judgment motion and ruled
on non-infringement of two of patents-in-suit. As for the third patents-in-suit, the Washington
Court has granted a stay on case pending appeal decision. In January 2014, the Court of Appeal
for the Federal Circuit affirmed the Washington Court's decision.
2. From May 2011 onwards, Nokia Corporation (“Nokia＂) and the Company filed patent
infringement actions against the other respectively in the U.S. International Trade Commission
(“ITC＂), U.S. District Court for the District of Delaware, German district courts, and English High
Court. On February 8, 2014, the two companies reached a settlement that included the dismissal
of all current lawsuits and a patent and technology collaboration agreement. The Company will
make payments to Nokia and the collaboration will involve the Company's LTE patent portfolio,
further strengthening Nokia's licensing offering. The companies will also explore future technology
collaboration opportunities.
(13) Other important risks and mitigating measures being or to be taken:
None.
(14) Risk management organization structure
Responsible/Implementation Unit Control Item Implementation Tasks
Legal Department Contractual and Legal Risk Manage overall corporate contractual risk
Finance and Accounting Division Business Strategy and Financial Risks Responsible for capital allocation and
management, Investment planning, customer
credit control,operational analysis, and cost
analysis
Internal Audit Internal Control Risk Assess comprehensiveness and effectiveness
of internal control systems
Global Product Division Product Trend Risk Identify future product development trends
and customer demands
Design Quality & Engineering Service
Division
Product Design and Quality Risks Ensure design quality of HTC products with
regard to hardware, software and product
safety
Manufacturing Operation Center Production Quality Risk Enhance production quality
Customer Service and Quality Assurance
Division
Product Quality Risk Provide after-sales service and enhance the
quality of such
7. Other Important Matters
1. Certification details of employees whose jobs are related to the release of the
Company's financial information
Certification
Number of Employees
Finance and Accounting Division Internal Audit
Certified Public Accountants (CPA) 8 2
Internal Auditor 1 4
US Certified Public Accountants（US CPA） 3 1
Certified Internal Auditor（CIA） - 4
Chartered Financial Analyst（CFA） 2 -
Financial Risk Manager ( FRM） 1 -