Sustainable Governance
- In 2017 and 2018, Fubon Financial Holdings has been included as a constituent in the Dow Jones Sustainability World Index for two years, ranking second out of total financial institutions in the world in the "FBN Diversified Financial Services and Capital Markets" category, making it the only Taiwanese financial holding company to be included. In addition, Fubon was included as a constituent in the Dow Jones Sustainability Index Emerging Markets for third year.
- Fubon Financial Holdings ranked in the top 5% of the Taiwan Stock Exchange’s "Corporate Governance Evaluation" of listed companies for the fourth year in a row since 2014.
- To advance change risk management, at the end of 2018, the Company introduced and published its Recommendations of the Task Force on Climate-related Financial Disclosures through TCFD to reveal climate-related information.
Long-Term Goals | ||
Sustainable Governance That Moves With the Times, Making the World A Better Place. |
Mid-Term Goals Implement the 5 major projects of the Corporate Governance Roadmap(2018-2020)to connect with global trends |
Progress Made in 2018 | Short-Term Goals for 2019 |
1. Deepening Corporate Governance and CSR Culture. | 1-1: Ranked in the top 5% of Taiwan’s listed companies in the Corporate Governance Evaluation surveyed by Taiwan Stock Exchange. 1-2: Continued to be included as a constituent company of the TWSE "Taiwan Corporate Governance 100 Index". 1-3: Taiwan Corporate Governance Association CG6011 Corporate Governance Evaluation (Excellence Certification). 1-4: Completed the "Ethical Management and the Guideline for Conduct" educational training for all Fubon Financial Holdings employees. |
1-1: Ranked in the top 5% of Taiwan’s listed companies in the Corporate Governance Evaluation surveyed by Taiwan Stock Exchange. 1-2: Continued to be included as a constituent company of the TWSE "Taiwan Corporate Governance 100 Index". 1-3: Propagate the Corporate Governance Roadmap and corporate social responsibilities to employees and members of the Board. |
2. Enhancing Board Functions. | 2-1: Self-assessment of performance by the Board of Directors and Functional Committees. 2-2: According to the FSC "Corporate Governance Roadmap (2018~2020)" amended the FHC "Corporate Governance Best Practice Principles" and related policy. |
2-1: External evaluation of Director performance and feasible advice once every three years. 2-2: Study the mechanisms connecting the Board of Director's self- (or peer) evaluation of performance and remuneration. |
3. Promoting Shareholder Activism. | 3-1: Sign the Stewardship Principles for Institutional Investors. 3-2: Strengthen internal and external communication; highlight the effects of the Company’s ESG operations. |
3-1: Increase the content of reports for shareholder meetings. 3-2: Highlight the Company’s ESG effectiveness externally, while internally responding to ESG-related concerns from external investors. |
4. Strengthening Information Transparency. | 4-1: Add new and climate change risk management information disclosure. | 4-1: Introduce the TCFD project. Continue to advance the comprehensiveness of external risk management information disclosure. |
5. Augmenting Regulatory Enforcement. | 5-1: Raise compliance awareness, strengthen internal dialogue, and establish reporting systems. 5-2: Establish the Financial Holdings Anti-Money Laundering Division, complete anti-money laundering and counter terrorism financing risk assessments. 5-3: Implement tax governance and transaction risk management. Establish regular written communication on taxes with subsidiaries. |
5-1: Regtech Project: Establish a platform for posting penalized cases and legal information. 5-2: Establish an anti-money laundering and counter terrorism financing information sharing platform. 5-3: Continue to implement tax risk management and strengthen tax supervision and management of subsidiaries. |
Fubon Financial Holdings Corporate Governance Structure

Fubon Financial Holdings has established three functional committees under the Board of Directors—the "Corporate Governance and Sustainability Committee," the "Audit Committee," and the "Remuneration Committee" — to strengthen the board’s management functions.
Committee | Composition Rules | Members | Main Responsibilities | 2018 Operations |
Corporate Governance and Sustainability Committee | Members appointed by the board and must be board directors; must have no fewer than 3 members, and at least half of the members must be independent directors | Convener: Ind. director Louis Cheung Members: Ind. director Ming-Je Tang; Ind. Director Chan-Jane Lin; Ind. Director Shin-Min Chen; Ind. Director Fan-Chih Wu ; Ind. Director Jung-Feng Chang; Director Chih-Ming Chen; Director Richard M. Tsai |
|
Met 5 times; Average attendance was 90%. |
Audit Committee | Made up of all of the Company’s independent directors; must have no fewer than 3 members | Convener: Ind. Director Chan-Jane Lin Members: Ind. Director Chi-Yan Louis Cheung; Ind. Director Ming-Je Tang; Ind. Director Shin-Min Chen; Ind. Director Fan-Chih Wu; Ind. Director Jung-Feng Chang |
|
Met 7 times; Average attendance was 97.6%. |
Remuneration Committee | Members appointed by the board of directors; must have no fewer than 3 members, and at least half of the members must be independent directors | Convener: Ind. director Ming-Je Tang Members: Ind. Director Chi-Yan Louis Cheung; Ind. Director Chan-Jane Lin; Ind. Director Shin-Min Chen; Ind. Director Fan-Chih Wu; Ind. Director Jung-Feng Chang |
|
Met 5 times; Average attendance was 96.7%. |
Date: 2018/12/31
Since setting up the three functional committees under the Board of Directors to strengthen its management functions and corporate governance, the Company has worked hard to optimize the organization and responsibilities of each committee to ensure that the board provides effective policy guidance and management oversight.
More About Functional Committees >
Fubon Financial Holdings’ determination to meet its responsibilities as a corporate citizen and embrace sustainability was made clear when it set up an “ESG Task Force” under the Corporate Governance and Sustainability Committee. The Task Force, led by Fubon Financial Holdings’ president, is responsible for managing and implementing corporate sustainability initiatives and consists of six working teams focused on corporate governance, employee care, responsible finance, customer engagement, social commitment and environmental sustainability. The committee appointed independent directors Ming-Je Tang and Jason Wang to supervise the ESG Task Force. According to the Corporate Governance and Sustainability Committee Charter, the ESG Task Force is required to submit a report at the beginning of each year on its plans for that year and a progress report every half year. The reports are then submitted to the board of directors after review by the committee.
Working Team | 2018 Results | 2019 Implementation Plans |
Corporate Governance Team |
|
|
Employee Care Team |
|
|
Responsible Finance Team |
|
|
Customer Engagement Team |
|
|
Social Commitment Team |
|
|
Environmental Sustainability Team |
|
|