According to the Taiwan Stock Exchange (TWSE), Taiwan Fu Hsing was ranked in the top of 6%-20% (Tier 2) among the TWSE-listed companies for three consecutive years based on the recent results of the 2021 Corporate Governance Evaluation. This indicates that Taiwan Fu Hsing is equal with Taiwan’s top-performing traditional industry companies, such as Taiwan Cement Corporation, Formosa Plastics Corporation and Asia Cement Corporation. And Taiwan Fu Hsing was also ranked among the top 5% companies (Tier 1) in the category with a market value between NT$5 billion and NT$10 billion for the second time. All of these manifest Taiwan Fu Hsing’s excellent and robust corporate governance.  

 

Since 2014, to improve and accelerate the development of corporate governance in Taiwan to gear to the international standards, the Financial Supervisory Commission has implemented Corporate Governance Evaluation among all of the TWSE- and TPEx-listed companies. The evaluation system comprehensively assesses how well a company achieves in corporate governance by means of four dimensions— “Protecting Shareholder Rights and Interests and Treating Shareholders Equally,” “Enhancing Board Composition and Operation,” “Increasing Information Transparency” and “Putting Corporate Social Responsibility into Practice.”

 

A total of 1,639 TWSE- and TPEx-listed companies were evaluated. By industry classification, the grouping with a market value between NT$5 billion and NT$10 billion has 277 companies in total and only 14 of them were ranked in the top 5%. Out of these 14 companies, only 2 traditional manufacturing companies were included. Taiwan Fu Hsing was one of the two but the only one consecutively ranked in the top 5%. Of which highlights that Taiwan Fu Hsing has taken a lead in uplifting the awareness of sustainability and operational performance among the companies with the same market value.

 

Taiwan Fu Hsing respects the sustainable values. Since 2013, on our own initiative, we have complied an annual report of Corporate Social Responsibility to fully disclose our achievements in corporate governance. This year’s forthcoming report is the ninth edition with a new title Sustainability Report. The Report would focus more on the dimension of sustainability; it would also incorporate the standards of the Sustainability Accounting Standards Board (SASB), in order to help investors gain a thorough understanding of our company’s operational performance and values.

 

For the sustainable development, Taiwan Fu Hsing has been working hard to realize the UN Sustainable Development Goals (SDGs). In response to SDG 10 Reduced Inequalities, we initiated the BetterUP Program to empower our migrant workers to pursue their dreams in 2019. Besides, since 2021, we have launched the GoodLock Campus Charitable Project to assist the schools in Gangshan District to replace old door locks with new ones. And we are going to hold the exhibition, Open Gangshan's Memory Boxes, in June 2022, in response to SDG 11 Sustainable Cities and Communities. These are only some examples. Taiwan Fu Hsing will continue to invest in the ESG resources and make greater contributions to the world.

 

The 2021 Corporate Governance Evaluation Results: https://reurl.cc/NRXnK9