Strong governance is essential to building a resilient and successful business in which sustainability is embedded at all levels. We are committed to engaging openly and transparently with our TSMs, customers, shareholders, supplier partners, the communities in which the Company operates, and society at large.
Our Mission Statement and Corporate Governance Guidelines set out our commitment to our customers, shareholders, TSMs, suppliers, and society. We are proud of our culture of ethics and compliance, which guides our conduct and decisions at all levels of the organization. For more information, visit here.
The oversight of sustainability and environmental, social, and governance (ESG) issues is incorporated within the charter of the Board of Directors' Nominating and Governance Committee. The Nominating and Governance Committee reviews and reassesses our governance procedures and practices and recommends any proposed changes to the Board of Directors for its consideration. The Nominating and Governance Committee also reviews and assesses the structure and performance of our ESG activities.
The management of ESG and sustainability matters is supported by the Sustainability Committee, a cross-functional team of senior and middle management that reviews the Company's progress regularly.
To reflect the increasing strategic importance of sustainability for the Company, the Company's Vice President of Corporate Social Responsibility, with the assistance of the Sustainability Committee, coordinates the Company-wide ESG activities and reports progress to the Nominating and Governance Committee. ESG and sustainability matters are reported to the Board of Directors on at least an annual basis.