INVESTORS

UMC Corporate Governance Statement

B. AUDIT COMMITTEE'S RESPONSIBILITIES

Responsibilities:

The Audit Committee is responsible for overseeing the qualification, independence and performance of internal audit function and independent auditors, and overseeing the accounting policies and financial reporting and disclosure practices of the Company. More specifically, the Audit Committee is responsible for, but not limited to, the following:

1. Setting up or revising internal control standards in accordance with Article 14-1 of the ROC Exchange Act.

2. Auditing the effectiveness of internal control standards.

3. Setting up or amending material financial procedures in acquisition and disposal of fixed assets, transactions of financial derivatives, loans, endorsements and guarantees in accordance with Article 36-1 of the ROC Exchange Act.

4. Matters that involve personal interests of directors.

5. Material transactions of assets or derivatives.

6. Material loans, endorsements or guarantees.

7. Public offering or private placement of equity linked securities.

8. Engaging and removing the Company's independent auditors and accessing such auditors' remuneration, qualification, independence and performance.

9. Appointing or removing managers of finance, accounting and internal auditing divisions.

10. Reviewing and having discussions with independent auditors in regards to the Company's annual, semi-annual, and quarterly financial reports.

11. Reviewing and having discussions with independent auditors with regards to reports that comply with U.S. Securities and Exchange Commission requirements.

12. Assisting to resolve any disagreements between the Company's management and independent auditors, if any.

13. Pre-approval of the audit and non-audit services provided by the Company's independent auditors pursuant to the pre-approval policies and procedures established by the Committee. The Committee may authorize one or more Committee members to pre-approve such services, and then present any such approvals to the full Committee at the next Committee meeting.

14. Assessment of the Company's internal audit division.

15. Process reported cases and other accounting, auditing, or internal control related issues.

16. Periodically review the Company's compliance with government law, documentation that involves government agencies, and the compliance of employees' Code of Conduct.

17. Perform an annual Self-Assessment Process within the Committee and report the Committee's performance to the Board periodically.

18. Other material items related to the Company or government agencies.

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Full Version

> Download UMC Corporate Governance Statement (pdf, 32kb)


Individual Sections

> The Board of Directors' Responsibilities and Meetings
> Audit Committee's Responsibilities
> Structure of the Board of Directors


> Download Articles of Incorporation of UMC (pdf, 41kb)
> Download the UMC Loan Procedure (pdf, 95kb)
> Download the UMC Endorsements and Guarantees Procedure (pdf, 101kb)
> Download the UMC Financial Derivatives Transaction Procedure (pdf, 131kb)
> Download the UMC Acquisition or Disposal of Assets Procedure (pdf, 242kb)
> Download the UMC Ethical Corporate Management Best_Practice Principles(pdf, 143kb)
> Download the UMC Code of Ethics for Directors and Officers(pdf, 38kb)
> Download the UMC Employee Code of Conduct (pdf, 119kb)
> Download the UMC Corporate Social Responsibility Principles (pdf, 225kb)
> Download the UMC Corporate Governance Practice Principles (pdf, 121kb)
> The differences between the UMC's corporate governance practices and those required of domestic companies under NYSE listing standards
> Download Taxation Policy and Governance (pdf, 96kb)

> Code of Conduct violations can be reported by e-mail or phone:
Email: whistleblower@umc.com
Phone: 0800-024-399 (toll free) or 03-5782258 ext.31425


Please note that all information is governed by the following Terms & Conditions.

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