Organization Framework of Sustainable Governance
FENC established the Sustainability Committee under the Board on November 12, 2020 to oversee the implementation of sustainable development policies, systems and management approaches. The Committee reports to the Board on a regular basis.
Independent Board members serve as the convening body of the Sustainability Committee, which actively fulfill the following responsibilities granted by the board of directors.
- Promote and strengthen the corporate governance and integrity;
- Implement and develop matters related to corporate sustainable development;
- Supervise other matters related to corporate sustainable development approved by the Board.
Committee activities in 2021:
The second Committee members were elected by the Board of Directors on July 29, 2021. Three members have expertise in sustainable development, including corporate governance operation, non-profit organization management, employee rights care, corporate risk management, corporate business strategy planning, etc., that meet the professional competence required by the committee fields.
The Sustainability Committee held its annual meeting on October 21, 2021. Humphrey Cheng, President of Corporate Management, presented the implementation progress, report, project and performance to the 3 committee members. Specific subjects presented included responses and actions towards climate change and water scarcity; promotion of circular economy and low-carbon production; protection of stakeholder rights; refinement of risk control and anti-corruption systems; corporate and tax governance projects. All resolutions were approved unanimously by the attending members. Johnsee Lee, FENC’s independent Board member and convener of Sustainability Committee, presented the outcome to the Board on November 11.
Please refer to FENC Sustainability Committee Introduction for more detail information.