HTC 2015 Annual Report Download - page 29
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Please find page 29 of the 2015 HTC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Business operations
Business operations
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Corporate Governance
HTC is committed to implementing good governance, eective risk management and informa-
tion transparency. HTC policies related to these corporate governance are explained further
below:
Independent Director Positions Created
InaccordancewiththeSecuritiesandExchangeLaw,HTCelectedtwoindependentdirectorsat
its board re-elections in 2007, in order to strengthen the independence and functions of Direc-
torsandenhancetheoperationaleectivenessoftheBoard.
Remuneration Committee Created
Incompliancewiththe“RegulationsGoverningtheAppointmentandExerciseofPowersbythe
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 Commis-
sionoftheExecutiveYuanonMarch18,2011,theBoardofDirectorsresolvedtoadopttheCom-
pany’s Compensation Committee Charter and the Committee shall consist of three members
who are appointed by resolution of the board of directors. The current second remuneration
committeemembersareindependentdirectorMr.Chen-KuoLin;independentprofessional
advisorsMr.WeiTi-HsiangandMr.Yeong-ChengWu.TheocialfunctionsoftheCommittee
aretoprofessionallyandobjectivelyevaluatethepoliciesandsystemsforthecompensationof
HTCdirectors,supervisors,andmanagers,andsubmitrecommendationstotheBoardofDirec-
tors for its reference in decision making.
Board of Supervisor Proceedings
MeetingsoftheBoardofSupervisorstakeplaceeveryquarter,atwhichnancial,legal,internal
auditandotherissuesarereported.Issuesreviewedbysupervisorsandcertiedpublicaccoun-
tants include risk management, intercompany transactions, changes in accounting policies,
assessmentsofIPRinfringementrisk,andreasonablenessofprovisionandaccrualitemstobe
presented on financial reports.
Disclosure of Information & Financial
Forecasts
HTC has been working diligently to enhance the timeliness and transparency of financial disclo-
sures.InadditiontoonlinedisclosureofimportantdatarelatedtoHTC’sbusinessinaccordance
with regulations, quarterly earnings calls are held for investors every quarter, at which revenue,
marginandexpenseofthepriorquarterareprovided.Investorteleconferencesarealsoheld
to keep investors updated on the business operations. Apart from regular disclosures, HTC
also participates actively in investor forums and conferences in Taiwan and overseas as well as
proactivelyvisitsmajorinvestmenthousesandinvestorstoenhancecommunicationwiththe
investment community.
Stable Dividend Policies
HTC maintains stable dividend policies. Factors considered in determining dividend distribu-
tions include current and future investment environments, capital needs, domestic and interna-
tional competition, and budgetary considerations. Shareholder interests and the balance be-
tweendividenddistributionsvs.longer-termnancialplanningarealsoconsidered.TheBoard
of Directors, in accordance with regulations, sets a distribution plan each year for submission to
shareholders.