Curriculum Vitae of Directors

Title Name Main Education Main Experience
Chairman

Hong-Tu Tsai

J.D., Southern Methodist University, USA

  • Chairman, Cathay Financial Holdings
  • Former Chairman, Cathay Life Insurance
  • Vice

    Chairman

    Tsu-Pei Chen

    B.A., National Chengchi University

  • Vice Chairman, Cathay Financial Holdings
  • Former Chairman, Cathay United Bank
  • Director

    Cheng-Ta Tsai

    B.A., Chinese Culture University

  • Former Managing Director, Cathay Life Insurance
  • Cheng-Chiu Tsai

    M.A., Keio University, Japan

  • Chairman, Cathay Century Insurance
  • Chi-Wei Joong

    B.A., Kean College of New Jersey, USA

  • Chairman, ModernTimes China Co. Ltd.
  • Director, Cathay United Bank
  • Former President, CMB Credit Card Center
  • Andrew

    Ming-Jian Kuo

    M.B.A., Baruch College, City University of New York, USA
  • Chairman, Cathay United Bank
  • Tiao-Kuei Huang

    M.S., National Tsing Hua University
  • Chairman, Cathay Life Insurance
  • Former Vice Chairman and President, Cathay Life Insurance
  • Ming-Ho Hsiung

    M.S., University of Iowa, USA
  • Chairman of Corporate Governance and Nomination Committee
  • Vice Chairman, Cathay Life Insurance
  • Former President, Cathay Life Insurance
  • Chang-Ken Lee

    M.B.A., University of Pennsylvania, USA
  • President, Cathay Financial Holdings
  • Former President, Cathay United Bank
  • Independent

    Director

    Tsing-Yuan Hwang

    Ph.D. Candidate, Business Graduate School, Nihon University, Japan
  • Chairman of Audit Committee
  • Member of Remuneration Committee
  • Member of Corporate Governance and Nomination Committee
  • Director, Hon Hai Precision Industry Co., Ltd.
  • Feng-Chiang Miau

    M.B.A., Santa Clara University, USA
    Electrical Engineering BA, UC Berkeley, USA

  • Member of Audit Committee
  • Member of Remuneration Committee
  • Chairman, MiTAC Holdings Corporation
  • Edward
    Yung Do Way

    MBA of University of Georgia, USA
  • Member of Audit Committee
  • Chairman of Remuneration Committee
  • Member of Corporate Governance and Nomination Committee
  • Chairman, YCSY Co., Ltd.
  • Former CEO, Deloitte Taiwan
  • Professional Qualifications and Independence of the Board

    Cathay FHC has the "Corporate Governance and Nomination Committee" and implements the "Nomination System for Candidates." All of the candidates for the Board of Directors are nominated and qualified for review by the Corporate Governance and Nomination Committee. After the qualifications of all candidates for directorship are reviewed and approved by the Committee and the Board of Directors, the list of qualified candidates is then submitted to the shareholders' meeting for election. According to Paragraph 3, Article 30 of the Cathay Financial Holdings Corporate Governance Best Practice Principles, the members of the Board of Directors shall possess the knowledge, skills, and experience necessary for performing their duties. To achieve the ideal goal of corporate governance, the Board of Directors shall possess the following abilities:

    1. Ability to make operational judgments;

    2. Ability to perform accounting and financial analysis;

    3. Ability to conduct management administration (including ability to conduct management subsidiaries);

    4. Ability to handle crisis management;

    5. Knowledge of the industry;

    6. An international market perspective;

    7. Leadership;

    8. Ability to make policy decisions;

    9. Risk management knowledge and skills.

    Cathay FHC’s Board of Directors comprises 8 non-executive directors, 3 independent directors, and 1 executive director (Cathay FHC President Chang-Ken Lee). All members are professionals and well-experienced in finance, business, and management matters.


    Board Diversity

    To strengthen corporate governance and the sound composition and structure of the Board of Directors, Cathay FHC incorporated a board diversity policy in Paragraph 2, Article 30 of the Cathay Financial Holdings Corporate Governance Best Practice Principles, which was amended in 2017. The related contents and implementations are described as follows: the composition of the Board of Directors shall be determined by giving due consideration to operational structure, business development direction, future trends and other needs, and it is advisable to assess aspects of diversity including but not limited to basic compositions (e.g., gender, age, nationality and race), professional experience (e.g., financial holding, banking, insurance, securities, industry and technology) and professional knowledge and skills (e.g., business, finance, accounting, law, marketing and digital technology).


    Cathay FHC's Implementation of the Board Diversity Policy

     

    Furthermore, Cathay emphasizes gender equality in the composition of its Board of Directors. As of December 31, 2018, 89% of Cathay FHC’s subsidiaries in Taiwan appointed female directors or supervisors as board members, an increase of 11% compared with 2017. In addition, in order to enhance the board diversity of Cathay’s subsidiaries, starting from the 5th Board of Directors meeting on June 20, 2016, Cathay Securities’ newly recruited Tina Pan, the Chairman of the Modern Women's Foundation, joined as the independent director.


    Evaluation of the Board and Functional Committee’s Performance and Third-party Certification

    To implement corporate governance and improve the Board and Functional Committee’s efficacy, Cathay FHC pays special attention to the overall operations of the Board and Functional Committee and thus set up the Regulations Governing the Evaluation of the Board and Functional Committee’s Performance in addition to the Guidelines for Evaluation of Directors' Performance and the Guidelines for Directors' Remuneration. Performance indicators, such as compliance, corporate governance, risk management, and corporate sustainability and corporate social responsibility, were also incorporated in the Regulations Governing the Evaluation of the Board and Functional Committee’s Performance to ensure the Board and Functional Committee’s fulfillment of corporate governance, operations, and corporate social responsibility.

    To strengthen the independence and effectiveness of the Board performance evaluation, Cathay FHC will appoint an external independent institution or an expert to carry out the Board performance evaluation once every three years, starting from 2017.

    Since June 15, 2007, Cathay FHC has purchased liability insurance for its directors, supervisors, and key staff members, including those from its subsidiaries. This is in line with the legal requirements during their terms in office. The contents of the insurance policy are reviewed annually.