Board Performance Evaluation
Board Performance Evaluation
Rules for Performance Evaluation of Board of Directors
To implement corporate governance and enhance the function of the Board of Directors, TCC established the Rules for Performance Evaluation of Board of Directors at the 22nd term 21st Board meeting on March 28, 2018, and conducts an internal Board performance evaluation once a year.
The scope of the Board performance evaluation includes the evaluation of the overall Board of Directors, individual Board members, and functional committees.
According to the template for the Rules for Performance Evaluation of Board of Directors established by the Financial Supervisory Commission, and Article 3 of TCC's Rules for Performance Evaluation of Board of Directors: The performance evaluation of TCC's Board of Directors shall be conducted by an external team of experts and scholars at least once every three years.
The internal and external Board performance evaluation results shall be completed by the end of the first quarter of the following year.
Qualifications of External Professional Independent Institutions or External Teams of Experts and Scholars
When conducting the performance evaluation of the Board of Directors, any external evaluation institution or external team of experts and scholars engaged shall comply with the following regulations.
- The external evaluation institution or external team of experts and scholars shall possess both professionalism and independence.
- The external evaluation institution shall be a relevant institution or management consulting company that conducts educational training courses related to the Board of Directors and provides services aimed at enhancing corporate governance
- The external team of experts and scholars shall appoint at least 4 professionals with expertise in board operations or corporate governance, who will evaluate the implementation of the company's board performance and prepare an external evaluation analysis report.
Internal evaluation: Should be conducted once a year
| Periods | Scope | Method | Measures/Evaluation | Report Download |
|---|---|---|---|---|
| 2024/1/1 - 2024/12/31 | The Board of Directors, individual board members, and functional committees | The Board of Directors, its members, and each functional committee conduct self-performance evaluations. The evaluation is carried out internally by the Corporate Governance Officer and the Board Secretariat using internal questionnaires. The assessment covers areas such as board operations, directors’ participation, directors’ evaluation of board operations, directors’ self-assessment of participation, and functional committees’ evaluation of their respective operations. |
In the year 2024, the self-evaluation results for the Company’s Board of Directors, individual board members, the Audit Committee, the Remuneration Committee, the Nomination Committee, the Risk Management Committee, the Corporate Sustainability Committee, and the Information Security Management Committee achieved an overall average score of 4.9 out of 5, all above the standard. No major improvement items were identified. The evaluation results were reported to the Board of Directors on March 12, 2025, and will serve as a reference for the performance assessment, remuneration, and re-nomination of the Board and members of each functional committee. |  |
| Periods | Scope | Method | Measures/Evaluation | Report Download |
|---|---|---|---|---|
| 2023/1/1 - 2023/12/31 | The Board of Directors, individual board members, and functional committees | Self-evaluation |
In 2023, the self-evaluation results of the Company’s Board of Directors, individual board members, the Audit Committee, the Remuneration Committee, the Nomination Committee, the Risk Management Committee, and the Corporate Sustainability Committee were all above standard, with no major areas requiring improvement. The evaluation results were reported to the Board of Directors on February 27, 2024, and will serve as a reference for assessing the performance, remuneration, and re-nomination of board and functional committee members. | |
| Periods | Scope | Method | Measures/Evaluation | Report Download |
|---|---|---|---|---|
| 2022/1/1 - 2022/12/31 | The Board of Directors, individual board members, and functional committees | Self-evaluation |
In 2022, the self-evaluation results of the Company’s Board of Directors, individual board members, the Audit Committee, the Remuneration Committee, the Nomination Committee, the Risk Management Committee, and the Corporate Sustainability Committee were all above standard, with no major areas requiring improvement. The evaluation results were reported to the Board of Directors on February 24, 2023, and served as a reference for the performance assessment, remuneration, and re-nomination of board and functional committee members. | |
External evaluation: Should be conducted every three years
| Evaluation Period | Evaluation Scope | Evaluation Method | Evaluation Details/Results | Download Report |
|---|---|---|---|---|
| 2024/1/1 - 2024/12/31 | Board of Directors and individual Board members | TCC's Board of Directors evaluation and Directors' self-evaluation for 2024 were conducted by the end of 2024, with TCC engaging KPMG Advisory Services Co., Ltd., an external professional independent institution, to conduct the performance evaluation of the Board of Directors. The institution possesses independence: KPMG Advisory Services Co., Ltd. is an independent, professional institution specializing in corporate governance system assessment and board effectiveness (performance) evaluation. The institution and its evaluation committee have no business dealings with TCC, ensuring their independence. TCC's evaluation method is conducted through questionnaires, data analysis, and interviews, and a performance evaluation report is issued based on the evaluation results. | Evaluation Details： The Board of Directors evaluation covers nine major aspects and a total of 87 measurement questions: establishing an effective board of directors, effective board operations, professional development and continuing education, corporate foresight, fulfillment of responsibilities, executive management, cultivation of corporate culture, communication with stakeholders, and performance evaluation. The evaluation for board members covers six major aspects and a total of 26 measurement questions: understanding of the company's goals and mission, awareness of directors' responsibilities, professional development and continuing education, fulfillment of responsibilities, level of participation in company operations, and management of internal relationships and communication. Evaluation results:： According to the Board of Directors performance evaluation report issued by KPMG Advisory Services Co., Ltd. on February 12, 2025, the overall evaluation result for TCC's Board of Directors was excellent. Following the evaluation, the external expert concluded that TCC's Board of Directors has established relevant policies and procedures in accordance with laws and domestic corporate governance indicators. External expert recommendations： The performance evaluation of each aspect of the Board of Directors is excellent, and there is no need for immediate improvements. TCC's implementation of improvements： The Company’s Board of Directors adheres to corporate governance standards to ensure that decision-making aligns with the principles of sustainable operation. A two-way communication mechanism has been established, and the company team conducts regular briefings and communications; therefore, no improvements are necessary. | |
| Evaluation Period | Evaluation Scope | Evaluation Method | Evaluation Details/Results | Download Report |
|---|---|---|---|---|
| 2023/1/1 - 2023/12/31 | Board of Directors and individual Board members | TCC's Board of Directors evaluation and Directors' self-evaluation for 2023 were conducted by the end of 2023, with TCC engaging KPMG Advisory Services Co., Ltd., an external professional independent institution, to conduct the performance evaluation of the Board of Directors. The institution possesses independence: KPMG Advisory Services Co., Ltd. is an independent, professional institution specializing in corporate governance system assessment and board effectiveness (performance) evaluation. The institution and its evaluation committee have no business dealings with TCC, ensuring their independence. TCC's evaluation method is conducted through questionnaires, data analysis, and interviews, and a performance evaluation report is issued based on the evaluation results. | Evaluation Details： The Board of Directors evaluation covers nine major aspects and a total of 87 measurement questions: establishing an effective board of directors, effective board operations, professional development and continuing education, corporate foresight, fulfillment of responsibilities, executive management, cultivation of corporate culture, communication with stakeholders, and performance evaluation. The evaluation for board members covers six major aspects and a total of 26 measurement questions: understanding of the company's goals and mission, awareness of directors' responsibilities, professional development and continuing education, fulfillment of responsibilities, level of participation in company operations, and management of internal relationships and communication. Evaluation results:： According to the Board of Directors performance evaluation report issued by KPMG Advisory Services Co., Ltd. on January 31, 2024, the overall evaluation result for TCC's Board of Directors was excellent. Following the evaluation, the external expert concluded that TCC's Board of Directors has established relevant policies and procedures in accordance with laws and domestic corporate governance indicators. External expert recommendations： The performance evaluation of each aspect of the Board of Directors is excellent, and there is no need for immediate improvements. TCC's implementation of improvements： The Board of Directors' operations exceed legal requirements, and the management team prepares comprehensive reports to the directors. Therefore, no improvements are currently deemed necessary. | |
| Evaluation Period | Evaluation Scope | Evaluation Method | Evaluation Details/Results | Download Report |
|---|---|---|---|---|
| 2022/1/1 - 2022/12/31 | Board of Directors and individual Board members | The performance evaluation of the Board of Directors and the self-evaluation of directors for 2022 were conducted by the end of the year, with TCC engaging KPMG Advisory Services Co., Ltd., an external professional independent institution, to conduct the performance evaluation of the Board of Directors. The institution possesses independence: KPMG Advisory Services Co., Ltd. is an independent, professional institution specializing in corporate governance system assessment and board effectiveness (performance) evaluation. The institution and its evaluation committee have no business dealings with TCC, ensuring their independence. TCC's evaluation method is conducted through questionnaires, data analysis, and interviews, and a performance evaluation report is issued based on the evaluation results. | The performance evaluation of the Board of Directors and the self-evaluation of directors for 2022 were conducted by the end of the year, with TCC engaging KPMG Advisory Services Co., Ltd., an external professional independent institution, to conduct the performance evaluation of the Board of Directors. According to the Board of Directors performance evaluation report issued by KPMG Advisory Services Co., Ltd. on February 10, 2023, the overall evaluation result was excellent.TCC reported to the Board of Directors on February 24, 2023. Following the evaluation, the external expert concluded that TCC's Board of Directors has established relevant policies and procedures in accordance with laws and domestic corporate governance indicators. External expert recommendations: Given the large number of corporate entities within the Group, directors provided positive feedback during interviews on TCC's strong emphasis on risk management and internal controls. It is recommended that, with this foundation, TCC evaluate and plan enhancements on its information system controls and anomaly alert (early warning) functions. These improvements aim to continuously strengthen control effectiveness, reduct human errors. Additionally, relevant report shall be submitted to the Board of Directors on a regular basis. TCC's implementation of improvements: TCC has implemented new system controls across various types of information to prevent potential issues. | |
| Evaluation Period | Evaluation Scope | Evaluation Method | Evaluation Details/Results | Download Report |
|---|---|---|---|---|
| 2021/1/1 - 2021/12/31 | Board of Directors and individual Board members | TCC's Board of Directors evaluation and Directors' self-evaluation for 2021 were conducted by the end of 2021, with TCC engaging KPMG Advisory Services Co., Ltd., an external professional independent institution, to conduct the performance evaluation of the Board of Directors. The institution possesses independence: KPMG Advisory Services Co., Ltd. is an independent, professional institution specializing in corporate governance system assessment and board effectiveness (performance) evaluation. The institution and its evaluation committee have no business dealings with TCC, ensuring their independence. TCC's evaluation method is conducted through questionnaires, data analysis, and interviews, and a performance evaluation report is issued based on the evaluation results. | The performance evaluation of the Board of Directors and the self-evaluation of directors for 2021 were conducted by the end of June, with TCC engaging KPMG Advisory Services Co., Ltd., an external professional independent institution, to conduct the performance evaluation of the Board of Directors. TCC reported the results to the Board of Directors on June 21, 2022./p> The external expert evaluation covers nine major aspects: establishing an effective board of directors, effective board operations, professional development and continuing education, corporate foresight, fulfillment of responsibilities, executive management, cultivation of corporate culture, communication with stakeholders, and performance evaluation. TCC's evaluation was conducted through data analysis and questionnaires, and a performance evaluation report is issued based on the evaluation results. Evaluation result: Excellent. External expert recommendations: Among the nine evaluation aspects of the Board of Directors, there remains room for improvement in professional development and continuing education, as well as executive management. TCC's implementation of improvements: TCC actively encourages directors to participate in various training courses, and plans to invite external experts in July and October to offer continuing education for directors. | |
Download Report
Internal Performance Evaluation Report of the Board of Directors, Board Members, and Functional Committees