ASE Technology Holding Co., Ltd. ("ASEH") is committed to maintaining high standards of ethics, corporate governance and effective accountability mechanisms in every aspect of its business. Since its establishment, ASEH pursued a consistent policy to improve its corporate governance in line with Taiwan, US and international best practices. In its goal to achieve transparency to shareholder and enhancements in shareholder value, ASEH strengthened the accountability of its executive management and its independent directors, adopted fair disclosure practice in its investor relations policy and adopted a governance structure that foster effective decision-making while appropriate monitoring of both compliance and performance. ASEH is required to comply with, inter alia, the applicable ROC corporate governance rules, the US Sarbanes-Oxley Act, other US securities laws and related regulations (including applicable stock exchange rules).
ASEH’s board of directors (the “Board”) established the Audit Committee, Compensation Committee and Risk Management Committee (established in 2019), and in parallel, the Group Internal Audit Department conducts periodical audits and presents audit results to the Audit Committee and the Board. A description of the communications between the independent directors, the internal auditors, and the independent auditors can be accessed here. In 2019, Du-Tsuen Uang, Group Chief Administration Officer, was appointed as the chief corporate governance officer to facilitate the operation of the Board. The corporate governance execution and training status of 2019 can be accessed here. We also established the Group Resources Integration & Steering Committee to oversee the manufacturing resource allocation between our three major subsidiaries by helping to improve their manufacturing efficiency, avoid duplication of R&D expenses, and harmonize manufacturing standards across all facilities. This top down initiatives improves our business performance and drives down operating expenses resulting in lower prices for our products and services. Ultimately, we strive to build a more robust supply chain to serve customers adequately.