Sustainability

About Governance

 

Chunghwa Telecom (CHT) has implemented a solid corporate governance system including the "Chunghwa Telecom Corporate Governance Standards" in accordance to the "Corporate Governance Best-Practice Principles for Taiwan Stock Exchange Corporation/ GreTai Securities Market Listed Companies" to ensure best practices.

In an effort to be the most reliable entity, CHT has consistently appointed experts from the various fields to be independent directors of the Company.  These independent directors are expected to further enhance CHT’s existing corporate governance practices, including risk management and ethical practices on behalf of the public.  CHT maintains political-neutral policies and will not use any of its resources, including financial, manpower, and facilities for any political agenda.

For the practice of the board of directors diversified, and to the principle of employing only talent, the basic qualifications of Chunghwa Telecom's board of directors are not limited to gender, nationality and race. Candidates of directors shall have good literacy skills, industry experience and knowledge and other professional background, to achieve a sound board structure.

Internal Audit

 

Internal audit is the core of a company's internal control systems and corporate governance.  In an effort to improve the quality of internal audit and to ensure that the internal auditing department is capable of obeying the rules governing internal audit practices and defined internal audit operational standards, we have formulated the sound internal audit regulations and rules as below: 

Internal audit charter of Chunghwa Telecom Co., Ltd. : clearly define to observe international standards for the professional practice of internal auditing while conducting audits, and specify the internal audit organization and duties, qualifying requirements for internal auditors, professional ethics and professionalism, etc.  

Internal audit implementation rules of Chunghwa Telecom Co., Ltd. : specify internal auditors’ normative duties and matters for attention while conducting audits, making internal auditing plans,  executing  internal auditing operation, disposing internal auditing results, etc. 

Internal audit operational manual of Chunghwa Telecom Co., Ltd. : including the detailed procedures and content of internal auditing operation, various application forms, and working methods, as the reference while auditors conducting their audits.  

Moreover, we have established “the management information system of internal audit”, which includes annual audit plan, auditing jobs assignment, auditing notification, the data to prepare, auditing inquiry form and inquiry form reply, audit working papers, audit reports, auditing follow-up form and follow-up form reply, auditing follow-up report, the implementation of annual audit plan, etc. The system also possesses a number of statistical analysis functions. 

 

We have an internal audit unit that reports directly to the board of directors. The audit unit conducts internal audits strictly in accordance with policies in the utmost objectivity. It assists the board of directors and managers by constantly reviewing the effectiveness of internal control systems and operating efficiency.

Chunghwa Telecom (CHT) has implemented a solid corporate governance system including the "Chunghwa Telecom Corporate Governance Standards" in accordance to the "Corporate Governance Best-Practice Principles for Taiwan Stock Exchange Corporation/ GreTai Securities Market Listed Companies" to ensure best practices.

In an effort to be the most reliable entity, CHT has consistently appointed experts from the various fields to be independent directors of the Company.  These independent directors are expected to further enhance CHT’s existing corporate governance practices, including risk management and ethical practices on behalf of the public.  CHT maintains political-neutral policies and will not use any of its resources, including financial, manpower, and facilities for any political agenda.

For the practice of the board of directors diversified, and to the principle of employing only talent, the basic qualifications of Chunghwa Telecom's board of directors are not limited to gender, nationality and race. Candidates of directors shall have good literacy skills, industry experience and knowledge and other professional background, to achieve a sound board structure.

Internal Audit

 

Internal audit is the core of a company's internal control systems and corporate governance.  In an effort to improve the quality of internal audit and to ensure that the internal auditing department is capable of obeying the rules governing internal audit practices and defined internal audit operational standards, we have formulated the sound internal audit regulations and rules as below: 

Internal audit charter of Chunghwa Telecom Co., Ltd. : clearly define to observe international standards for the professional practice of internal auditing while conducting audits, and specify the internal audit organization and duties, qualifying requirements for internal auditors, professional ethics and professionalism, etc.  

Internal audit implementation rules of Chunghwa Telecom Co., Ltd. : specify internal auditors’ normative duties and matters for attention while conducting audits, making internal auditing plans,  executing  internal auditing operation, disposing internal auditing results, etc. 

Internal audit operational manual of Chunghwa Telecom Co., Ltd. : including the detailed procedures and content of internal auditing operation, various application forms, and working methods, as the reference while auditors conducting their audits.  

Moreover, we have established “the management information system of internal audit”, which includes annual audit plan, auditing jobs assignment, auditing notification, the data to prepare, auditing inquiry form and inquiry form reply, audit working papers, audit reports, auditing follow-up form and follow-up form reply, auditing follow-up report, the implementation of annual audit plan, etc. The system also possesses a number of statistical analysis functions. 

 

We have an internal audit unit that reports directly to the board of directors. The audit unit conducts internal audits strictly in accordance with policies in the utmost objectivity. It assists the board of directors and managers by constantly reviewing the effectiveness of internal control systems and operating efficiency.