Corporate Governance Practices
Actively implement operational transparency and continuously optimize organizational structure.
In order to improve corporate governance and strengthen the Company's competitive advantage to ensure the rights and interests of shareholders, THC has established the Audit Committee and the Remuneration Committee, subcommittees of the Board of Directors, to play a key role in assisting the Board’s responsibilities. In addition, THC has established the Auditing Office which takes responsibility of regularly performing an internal audit and reporting audit results to the Audit Committee and the Board.
- In November 2015, THC established "Corporate Governance Best Practice Principles" to draw up guidelines for corporate governance, in the hopes of fostering sound corporate governance and correctly managing risks arising from changes in the markets.
- In November 2017, THC set up the Corporate Governance Committee to devise and adopt corporate governance methods to institutionalize, standardize, and rationalize business operations with comprehensive systems, so as to improve the total synergy and competitiveness of the Company and achieve the goal of sustainable development.
- These Principles have been amended by the Board of Directors on August 10, 2023.
- On August 10, 2023, the Board of Directors of the Company resolved to change the corporate governance officer due to position adjustment of original officer, and appointed Ms. Yu-Li, Su as the new corporate governance officer. She is a certified accountant and possesses over ten years of experience in PwC Certified Public Accountants and financial department of our company. The main duties of this position are to handle of matters relating to the Board of Directors and shareholders’ meetings in compliance with the law, preparation of minutes of Board of Directors meetings and shareholders meetings, assistance in onboarding and continuing education of the directors, provision of information required for performance of duties by the directors, assistance to the directors in complying with laws and regulations, assistance in Board performance evaluation, reviewing the legitimacy of the independent directors’ qualification, assistance in conducting the process of the directors reshuffle and so forth.
- In October 2024, THC passed the rating evaluation of international credit rating agency Taiwan Ratings Corporation. Taiwan Ratings consider that THC is a market leader in beverage packaging market and successfully expand to China and Southeast Asian countries, maintaining great relationships with customers. Therefore, THC received a long-term credit rating of “twA”, and the long-term ratings outlook was “Stable”.
- Continuing education and training of head of corporate governance in 2024 are as follows:
Date of Course Organizer The course name Education hours 2024/07/03 Taiwan Stock Exchange Corporation Cathay Sustainable Finance and Climate Change Summit 6 2024/10/04 Taiwan Corporate Governance Association Workshop on the Identification of Climate Risk and Seminar on the Net Zero Emissions 6 2024/11/01 Taiwan Corporate Governance Association Workshop on the Identification of Climate Risk and Seminar on the Net Zero Emissions 3 In the future, THC’s implementation of corporate governance will primarily focus on consolidation of the Board structure and its operation, enhancement of information transparency, and integration of sustainability into corporate governance.
