• Directory of Taiwan

Average director pay at TSMC tops listed firms for 2014: TWSE

Average director pay at TSMC tops listed firms for 2014: TWSE

Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, doled out the highest average pay to its directors for 2014 of any company listed on Taiwan's stock market, the Taiwan Stock Exchange (TWSE) said Saturday.

According to the latest statistics released by the exchange, TSMC directors had average compensation of NT$55.51 million (US$1.66 million) for 2014, ahead of the NT$38.51 million CTCB Financial Holding Co. paid on average to its board directors.

Yet the NT$444.11 million in total compensation TSMC paid to its directors represented only 0.16 percent of its 2014 net income of NT$264 billion, among the lowest ratios of any listed company on the stock exchange, TWSE figures showed.

Largan Precision Co., a smartphone camera lens supplier to Apple Inc., which posted the highest earnings per share (NT$144.91) of any listed company in 2014, doled out NT$26.26 million in average compensation to its directors for the year, the fifth highest in Taiwan, according to TWSE data.

After TSMC and CTBC, President Chain Store Corp., which runs the 7-Eleven convenience store chain in Taiwan, came in third with average director compensation of NT$36.53 million, ahead of Cheng Shin Rubber Ind. Co. at NT$30.37 million, and Largan.

Pou Chen Corp., a contract shoemaker for international brands such as Nike, ranked sixth with average director compensation of NT$25.19 million, followed by contract computer maker Inventec Inc. at NT$20.19 million and bicycle brand Giant Manufacturing Co. at NT$19.51 million.

Advanced Semiconductor Engineering Inc., the world's largest integrated circuit packaging and testing services provider, ranked ninth in director pay at NT$17.36 million, ahead of food maker Uni-President Enterprises Corp. at NT$16.95 million.

The TWSE said 17 listed companies on the exchange did not pay any compensation to their directors, even though eight of the 17 were profitable, including Aurora Corp., which posted NT$3.46 in EPS in 2014.

Updated : 2021-06-21 00:08 GMT+08:00