The TSMC Board of Directors is responsible for overseeing the company's overall strategy and direction.
The Board consists of 11 members, including the Chairman, who is also the CEO of TSMC.
The Board's composition is designed to ensure a diverse range of expertise and perspectives.
The members of the Board bring a wealth of experience and knowledge in areas such as finance, technology, and business.
The Board meets regularly to discuss and make decisions on key issues affecting the company.
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Board of Directors
The Board of Directors at TSMC is a team of experienced professionals who oversee the company's operations.
The average tenure of TSMC's board members is 5.3 years, indicating a high level of stability and continuity.
The board has a Chairman, C.C. Wei, who has been in the position for 8.3 years, overseeing the company as both Chairman and CEO.
Other notable board members include Michael Splinter, Moshe N. Gavrielov, and Fan Cheng Tseng, who have served on the board for 10.3 years, 6.3 years, and 28.4 years, respectively.
Here is a list of some of the key board members and their positions:
The board's compensation varies, with some members receiving NT$946.40m and others receiving as little as NT$8.70m.
Composition
The composition of TSMC's Board of Directors is made up of experienced individuals with a diverse range of backgrounds and expertise.
The Board consists of seven directors, with an average tenure of three years as of 2023. This suggests that the Board is relatively stable and has a good balance of new and experienced members.
According to the company's Corporate Governance Best Practice Principles, the composition of the Board should be determined based on the company's business development scale and shareholding structure. This means that the Board should have a mix of directors who are familiar with the company's operations and those who bring in fresh perspectives.
Here is a breakdown of the directors' tenure:
- 3 directors (52.3%) have been on the Board for 8-28 years.
- 1 director (14.4%) has been on the Board for 6-10 years.
- 3 directors (33.3%) have been on the Board for 1-4 years.
The Board also has a good balance of male and female directors, with no more than one-third of the Board seats held by directors who are also company executives.
Frequently Asked Questions
Who are the owners of TSMC?
The majority of TSMC shares are held by the general public and institutions, with around 56% and 38% ownership respectively. The largest shareholders include the National Development Fund, Executive Yuan, and BlackRock, holding significant percentages of the company's shares.
How much do TSMC executives make?
TSMC executives receive an average annual compensation of $235,253. This figure reflects the company's executive pay structure.
Which is bigger, TSMC or nvidia?
TSMC is the world's largest semiconductor foundry, while Nvidia is a fabless chipmaker that outsources manufacturing to TSMC. In terms of size, TSMC is the larger entity, but Nvidia is a leading player in the semiconductor industry.
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