Corporate Governance

Planning and Nominating Board Members

According to Article 192-1 of the Company Act and Article 12 of UMC’s Articles of Incorporation, the directors of UMC shall be elected at a shareholders’ meeting through a nominating system.

The nomination and election procedures of UMC's directors shall take account of organizational culture of the Company, business model of semiconductor industry and needs for long-term development. The criteria established to ensure the diversity of the Board members shall include Basic criteria and shared visions, Professionalism, Corporate sustainability and communal participation.

The Planning of UMC’s director candidates will be recommended by Board members, management team and community leaders, then reviewed and nominated by the Nominating Committee with the candidates’ education, experiences, professionalism and independence under the Policy for Nomination and Election of Directors of the Company. The List of director candidates will be approved by board meeting and nominated during the period of nomination announced by the Company.

Talent Cultivation and Inheritance for Senior Management

In line with the company's future development strategy and operational needs, UMC has formulated a talent cultivation and inheritance plan for senior management that includes complete talent development policies and directions for executives and senior management trained under a succession plan framework, blueprint and development roadmap. This plan has also been clearly defined and included in the Nomination Committee Organizational Rules.

The company's talent cultivation focuses on the principle of linking the company's future development strategies, balancing organizational needs, supervisor expectations, and talents and abilities required for personal careers to plan leadership strategies.

In addition to reviewing implementation results within the company, relevant plans are reviewed in management mechanisms such as policies and KPIs (Key Performance Index), and also included in implementation results. Progress and plans are reported to the responsible unit, senior executives, and the nomination committee/board of directors.

The content of this plan includes various senior management related training. The status regarding 2020 annual implementation was reported during the 5th Nominating Committee meeting of the 2nd term and the 19th Board meeting of the 14th term.

Senior Management Training Implementation Status

2023 annual training courses summary for senior management：