Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) 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 on Saturday.
Directors of the world’s largest contract chipmaker had average compensation of NT$55.51 million (US$1.65 million) for 2014, ahead of the NT$38.51 million CTBC Financial Holding Co (中信金控) paid on average to its board directors.
LOWEST RATIO
Yet the NT$444.11 million in total compensation that 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 (大立光), 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 the TWSE’s data.
President Chain Store Corp (統一超商), which runs the 7-Eleven convenience store chain, came in third with average director compensation of NT$36.53 million, ahead of Cheng Shin Rubber Industry Co (正新橡膠) at NT$30.37 million.
Pou Chen Corp (寶成工業), a contract shoemaker for international brands such as Nike Inc, ranked sixth with average director compensation of NT$25.19 million, followed by contract computer maker Inventec Inc (英業達) at NT$20.19 million and bicycle brand Giant Manufacturing Co (巨大機械) at NT$19.51 million.
ASE IN NINTH PLACE
Advanced Semiconductor Engineering Inc (ASE, 日月光), the world’s largest integrated circuit packaging and testing services provider, ranked ninth at NT$17.36 million, ahead of food maker Uni-President Enterprises Corp (統一企業) at NT$16.95 million.
The TWSE said 17 listed firms did not pay compensation to their directors, although eight were profitable, including Aurora Corp (震旦行), which posted NT$3.46 in earnings per share in 2014.
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