Yageo’s board payment tops TWSE-listed firms, followed by CTBC, TSMC

Yageo’s board payment tops TWSE-listed firms, followed by CTBC, TSMC

Taipei, April 16 (CNA) The board members of Yageo Corp., the world’s third-largest multi-layer ceramic capacitor (MLCC) supplier, received the highest annual pay in 2021 among companies listed on the local main board, while Taiwan Semiconductor Manufacturing Co. (TSMC) board members received the third-highest pay, according to the Taiwan Stock Exchange (TWSE).

Data released by the TWSE on Friday showed the average annual compensation received by Yageo’s board members was NT$91.95 million (US$3.28 million) in 2021, while the average compensation received by the board members of TSMC, the world’s largest contract chipmaker, was NT$50.73 million.

CTBC Financial Holding Co. board members received the second-highest annual pay in 2021 with an average of NT$73.54 million, said TWSE, which operates the local main board.

Yuanta Financial Holding Co. took fourth place after paying its board members an average of NT$40.71 million each in 2021; followed by China Development Financial Holding Co. (NT$38.89 million); Hotai Motor Co., the local distributor of Toyota Motor Corp. (NT$32.17 million); Taishin Financial Holding Co. (NT$31.91 million); flat-panel maker AU Optronics Corp. (NT$28.46 million); HannStar Display Corp. (NT$28.25 million); and smartphone camera lens supplier Largan Precision Co. (NT$25.81 million).

Among the top 20 companies in terms of annual compensation paid to their board members, nine are from the electronics industry and five from the financial industry, while there is one each from the shipping, auto, food, petrochemical, bicycle, and machinery industries, according to the TWSE.

The TWSE said a total of 52 listed companies on the main board paid an average of more than NT$10 million to each of their board members in 2021, up by more than 20 from 2020.

For the over-the-counter (OTC) market, gallium arsenide (GaAs) wafer fab operator Win Semiconductor Corp. paid NT$14.35 million on average to its board members, the highest on the OTC market, followed by Concord Securities (NT$11.15 million), and contract chipmaker Vanguard International Semiconductor Corp. (VIS, NT$10.31 million), the data showed.

Win Semiconductor, Concord Securities, and VIS are the only three companies on the OTC market to pay their board members more than NT$10 million on average in 2021, the data indicated.

(By Pan Chih-yi and Frances Huang)

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