As the highest governing body, the Board consists of eleven members. Three members of our board of directors are independent as defined in Rule 10A-3 under the U.S. Securities Exchange Act of 1934 (the “Exchange Act”). One of the members of the Board is female.
The board of directors has certain powers and duties, including devising operations strategy, proposing to distribute dividends or make up losses, proposing to increase or decrease capital, reviewing material internal rules and contracts, hiring and discharging the general manager, establishing and dissolving branch offices, reviewing budgets and financial statements and other duties and powers granted by or in accordance with the ROC Company Law and ASE’s Articles of Incorporation or shareholders resolutions.
To enhance the effectiveness of corporate governance, ASE adopted Rules of Performance Evaluation of the Board of Director in 2016. Before the end of each fiscal year, ASE conducts the performance evaluation according to the evaluation procedures formulated in aforesaid rule. The results of 2016 board performance evaluation can be accessed here.
Jason C.S. Chang has served as Chairman of ASE Inc. since its founding in March 1984 and as its Chief Executive Officer since May 2003. He holds a bachelor’s degree in electrical engineering from National Taiwan University and a master’s degree from the Illinois Institute of Technology. He is the brother of Richard H.P. Chang, our Vice Chairman and President.
Richard H.P. Chang has served as Vice Chairman of ASE Inc. since November 1999 after having served as President of ASE Inc. since its founding in March 1984, and served as Chief Executive Officer of ASE Inc. from July 2000 to April 2003. In February 2003, he was again appointed President of ASE Inc. upon the retirement of Mr.Leonard Y. Liu. Mr. Chang has also served as the Chairman of Universal Scientific Shanghai since June 2008. He holds a bachelor's degree in industrial engineering from Chung Yuan Christian University in Taiwan. He is the brother of Jason C.S. Chang, our Chairman and Chief Executive Officer.
Rutherford Chang has served as a director of ASE Inc. since June 2009 and General Manager of China Region of ASE Group since June 2010. He joined ASE Group in March 2005. Mr. Chang received a bachelor's degree in psychology from Wesleyan University in Connecticut. He is the son of Jason C.S. Chang, our Chairman and ChiefExecutive Officer.
Tien Wu has served as a director of ASE Inc. since June 2003 and Chief Operating Officer since April 2006, prior to which he served as the President of Worldwide Marketing and Strategy of the ASE Group. Prior to joining ASE Inc. in March 2000, Mr. Wu held various managerial positions with IBM. He holds a bachelor’s degree in civil engineering from National Taiwan University, a master’s degree and a doctorate degree in mechanical engineering and applied mechanics from the University of Pennsylvania.
Joseph Tung has served as a director of ASE Inc. since April 1997 and Chief Financial Officer since December 1994. He is also an independent director of Ta Chong Bank Ltd. since October 2007. Before joining ASE Inc., Mr.Tung was a Vice President at Citibank, N.A. He received a bachelor's degree in economics from the National ChengChi University in Taiwan and a master's degree in business administration from the University of Southern California.
Raymond Lo has served as a director of ASE Inc. since May 2006 and General Manager of our packaging facility in Kaohsiung, Taiwan since April 2006. Mr. Lo also served as a supervisor of ASE Inc. between July 2000 and May 2006. Before joining ASE Group, Mr. Lo was the Director of Quality Assurance at Zeny Electronics Co. He holds a bachelor’s degree in electronic physics from the National Chiao-Tung University in Taiwan.
Tien-Szu Chen has served as a director of ASE Inc. since June 2015 and General Manager of ASE Inc. Chung-Li branch since August 2015. Prior to his current position, Mr. Chen served as our supervisor from June 2006 to June 2015 and as a President of Power ASE Technology Inc. from June 2006 to May 2012. He also held several key management positions within the ASE Group from June 1988 to June 2006, including President of ASE Inc. Chung-Li branch and Senior Vice President of ASE Inc. Prior to joining ASE Group in June 1988, Mr. Chen worked at TSMC and Philips Semiconductor Kaohsiung. Mr. Chen received his bachelor's degree in industrial engineering from Chung Yuan Christian University in Taiwan.
Jeffrey Chen has served as a director of ASE Inc. since June 2003 and General Manager of Corporate Affairs and Strategy of China Region. Prior to joining ASE Inc., he worked in the corporate banking department of Citibank, N.A. in Taipei and as a Vice President of corporate finance at Bankers Trust in Taipei. He holds a bachelor's degree in finance and economics from Simon Fraser University in Canada and a master's degree in business administration from the University of British Columbia in Canada.
Shen-Fu Yu has served as an independent director of ASE Inc. since June 2009. He is also a director of Arima Lasers Corporation and a supervisor of Dynapack International Technology Corporation, San Fu Chemical Co. Ltd., and Arima Communications. Mr. Yu is also a member of the Audit Committee and Compensation Committee of ASE Inc. Mr. Yu Also serves on the Compensation Committee of Taiwan Acceptance Corporation and Elite Material Co., Ltd. He worked at Deloitte & Touche Accounting Firm as a consultant from June 2003 to November 2006. Mr. Yu holds a bachelor's degree in accounting from National Taiwan University in Taiwan and a master's degree in accounting from National Chengchi University in Taiwan.
Ta-Lin Hsu has served as an independent director of ASE Inc. since June 2009. He is also a member of Audit Committee of ASE Inc. and a member of Compensation Committee of ASE Inc. He is currently the chairman and founder of H&Q Asia Pacific, and Chairman of H&Q Taiwan Co. Ltd. He received a bachelor's degree in physics from National Taiwan University, a master's degree in electrophysics from the Polytechnic Institute of Brooklyn and a doctorate degree in Electrical Engineering from the University of California, Berkeley.
Mei-Yueh Ho has served as an independent director and a member of Audit Committee of ASE Inc. since June 2015. Ms. Ho is also an independent director of Bank of Kaohsiung, Ltd., KINPO Electronics Inc., AU Optronics Corp. and Ausnutria Dairy Corporation Ltd. She is also a member of Audit Committee of Bank of Kaohsiung, Ltd. and AU Optronics Corp, and a member of Compensation Committee of Bank of Kaohsiung, Ltd., KINPO Electronics Inc. and AU Optronics Corp. Ms. Ho served as Minister of Ministry of Economic Affairs, R.O.C. from May 2004 to January 2006. She was also Chairperson of Council for Economic Planning and Development, R.O.C. from May 2007 to May 2008. Ms. Ho holds a bachelor's degree in agricultural chemistry from National Taiwan University in Taiwan.