TCFHC follows the FSC “Corporate Governance 3.0 - Sustainable Development Roadmap” and the TWSE and SFI “Corporate Governance Evaluation of TWSE/TPEx-listed Companies” to enforce corporate governance practices in order to effectively advance corporate governance and business results, facilitate a healthy organization, and protect the rights of shareholders, employees, customers, and other stakeholders.

The Board of Directors have 15 directors, consisting of 1 executive director, 4 independent directors, and 10 non-executive directors. The Board is diverse in gender with 12 males (80%) and 3 females (20%) and in industry experience with 85.7% of the directors having work experience in GICS industries. (CHEN, Mei-tsu is an executive director and therefore not included in the denominator or numerator.)

In 2021, 12 Board meetings and 3 special Board meetings were held. The average attendance rate was 91.56%. The average term of the members of the current Board of Directors is 4.38 years .

To leverage the roles and strengthen independence of Board of Directors, the Company has established three functional committees, which are Audit Committee, Remuneration Committee, and Ethical Management Committee, under the Board of Directors. In addition, special committees have been established under the Chairman to enhance corporate governance and improve risk management and legal compliance systems.