Chang Wah Technology’s highest governing body is the board of directors who are responsible to the shareholders. The board needs to have good judgement skills in operation, accounting and financial analysis, as well as management abilities, etc. Because they have very defined roles and responsibilities within the business organization, it is crucial to have a high degree of self-discipline and prudence when exercising the power. 

As for performing the business of the corporation, they need to not only thoughtfully deliberate issues and policy proposals, but also formulate corporate social responsibility and sustainable development strategies.

In 2008, CWTC held a shareholder meeting for re-election. Also, the fourth board of directors has held 18 board meetings in 2020. The attendance of directors as follow:

Name Attendance in Person By Proxy Attendance Rate (%) Remarks
Canon, Huang 18 0 100%  
Chang Wah Electromaterials Inc. 6 1 86% Resignation on May 6, 2019
Representative: Chen ,Bing-Hong
Chang Wah Electromaterials Inc. 18 0 100%  
Representative: Tsai, Rong-Dong    
Chang Wah Electromaterials Inc. 17 1 94%  
Representative: Hung, Chuen-Sing
Chang Wah Electromaterials Inc. 11 0 100% Inaugurated May 7, 2019
Representative: Chou, Kang-Chi
Huang, Siou-Cyuan 16 1 89%  
Chen, Cheng-Hong 17 0 94%  
Lin, Yi-Jing 18 0 100%  
Chuang, Chen 17 1 94%  
Lin, Ren-Lin 18 0 100%  


Director's Training Situation 

Course Training hours
(Hours x the numbers of people)
New corporate governance norms and trends that directors must know in 2020, and analysis of recent cases 3
2020 Annual Prevention of Insider Trading and Insider Equity Trading Publicity Seminar 9
ESG indicators and long-term company growth 3
Operational Practices of Functional Committees of the Board of Directors 3
How does the audit committee implement the financial report review 3
2020 Corporate Governance and Corporate Integrity Directors and Supervisors Promotion Conference 3
Corporate Governance and Securities Regulations 3
Criminal Legal Risks and Responses of Corporate Directors and Supervisors 3
Integrity Management and ISO37001 3
Key technologies and market applications of 5G and IoT 3
The general trend of CSR and sustainable governance 3
Comparison, Legal Responsibility and Case Analysis of "Economic Espionage Crime" in the United States and my country's "Business Secrets Act" 3
Strengthen corporate governance with the self-evaluation system of the board of directors 3
Looking for new growth drivers in the 2020 strategic turning year 3
International implementation of the "Overseas Company Economic Substance Law" on the financial and taxation impact of enterprises and its response 3
Analysis of the latest corporate governance policies and the establishment of "corporate governance personnel" law compliance practices 6
Industry 4.0 and how companies can lead innovation and transformation 3
Introduction to corporate governance and compliance with relevant laws and regulations 3
Insider trading prevention and countermeasures 3
Total 66


Director's Performance and Compensation

CWTC established an evaluation system, which is not based on the financial indicators, for the board. However, this system incorporates some sustainability factors to measure the performance of the board and the individual directors in leading and supervising the company’s operations to enhance its overall effectiveness.

In addition to completing the internal performance evaluation, in 2020, the directors conducted the performance evaluation of the functional committee for the first time. This assessment heavily focuses on the aspects of “participation in company operation”, “cognition of functional committee responsibility”, “improving the decision-making quality of functional committee”, “functional committee composition and member selection”, and “internal control” …, etc. The method helps the company to make specific recommendations because it provides a clear guideline for enhancing the functions as well as the efficiency of the board. Moreover, the result of the assessment will be submitted to the members of the compensation committee in 2021 as a reference for directors’ remuneration.

The company’s article of association clearly stipulates that the compensation will not be higher than 1.5% of the current year’s profit. Also, the salary of directors and managers must be reviewed by the remuneration committee before receiving the approval from the board.

Supplier Sustainability Management

Not only Suppliers are one of the important resources that a company has, but also, they are the most crucial partner. Therefore, CWTC values the sustainability of our suppliers. Besides that, we implement the supplier management procedure to ensure the safety of the working environment in the supply chain, and to protect the environment, working conditions, human rights, social responsibility that complies with ethics.

We will confirm the supplier’s basic financial status, quality management, environmental management, and other system certifications through the supplier’s data sheet, and will require the signing of conflict-free minerals. 

For new suppliers, CWTC will plan a factory tour and prepare for appraisals which help to ensure the suppliers meet the relevant specifications. Besides that, each year, we have regular visits and prepare the appraisals to help existing suppliers improve their performance by establishing and enhancing multiple lines of communication. The content of on-site visit evaluation includes quality management, delivery date, system management and sustainability risk assessment. After completing all the processes that we mentioned above, CWTC will start to collect the approvals from the department of procurement, quality assurance, engineering, and all related units, then the provider will become a qualified supplier. 

None of the existing suppliers and contractors that have any actual or major negative impacts on the environment, labor conditions, human rights, and society in 2020.


Conflict Minerals

CWTC and its subsidiaries have committed to complying with the Responsible Business Alliance (RBA) and the global sustainability issues e-initiative organization, which also includes the Responsible Minerals Initiative (RMI).

As a good corporate citizen, CWTC is committed to fulfilling its social responsibilities, respecting human rights, and continuing to pay attention to conflict mineral issues. Moreover, we are committed to detailed supply chain investigations to ensure tin (Sn), tantalum (Ta), tungsten (W), gold (Au), cobalt (Co), palladium (Pd) and other metals are not mined by mining areas or smelters in the Democratic Republic of the Congo and its neighboring areas controlled by armed groups. CWTC also expects to cooperate with suppliers who are responsible for the environment and society, and requires suppliers to abide by the Code of Conduct of the Responsible Business Alliance as followed:

1. Any illegally obtained conflict minerals is not allowed.
2. Any purchasing of conflict metals that are produced in conflict affected and high-risk areas is not allowed.
3. Encourage all suppliers in our supply chain, including outsourcers and smelters to participate in RBA and RMI programs
4. Committee to due diligence investigation of conflict minerals to provide more transparent sources of conflict metal and minerals.


Local Procurement Policy

The increase in the proportion of localized procurement has always been the focus of the company's procurement strategy. We create local employment rates and promote local economic growth by improving localized procurement, which can provide faster services and more direct communication while reducing transportation costs and shortening delivery time. Since the transportation distance is shortened, it can also reduce carbon emissions as well as environmental pollution. The number of raw materials purchased locally by each plant is continuing to increase in 2020.