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China Airlines Places in Top 5% of Corporate Governance Evaluation

2019 May 28

China Airlines was once again ranked in the top 5% of the Corporate Governance Evaluation conducted by the Taiwan Stock Exchange. A total of 868 TWSE-listed companies were evaluated and China Airlines is once again rubbing shoulders in the top band with other benchmark enterprises for corporate governance. The award was presented by Chairman Wellington L. Koo of the Financial Supervisory Commission to Chairman Su-Chien Hsieh from China Airlines at the award presentation ceremony.

A total of 87 performance indicators were assessed for this year's Corporate Governance Evaluation. China Airlines is progressively refining its corporate governance system to strengthen our corporate development, protect stakeholder interests, improve business synergies, provide full disclosure, enhance the function of the Board of Directors, and to create long-term value for all employees, shareholders, customers, businesses and society. The aspects in which China Airlines excelled included "protecting shareholder interests and fair treatment of shareholders", "strengthening the structure and operation of the Board of Directors", "improving transparency" and "fulfillment of corporate social responsibility." The latest honor represents recognition from the competent authority of China Airlines' accomplishments in governance.

The continuous improvements to corporate governance made by China Airlines to ensure long-term stability and sustainability have won both domestic and international recognition. Accolades include winning the Taiwan Corporate Sustainability Awards for five consecutive years, inclusion in the Dow Jones Sustainability Emerging Markets Index and FTSE4Good Emerging Index for three consecutive years, inclusion in the Taiwan ESG Index, Taiwan High Compensation 100 Index and Taiwan Employment 99 Index, as well as the Sustainability Yearbook Bronze Class and Industry Mover awards.

Corporate Governance is the foundation of corporate sustainability. In the future, China Airlines will continue to listen to the voices of our stakeholders, embrace corporate governance, fulfill our corporate social responsibility, focus on sustainable development, and create even more value for stakeholders. China Airlines will provide passengers with the best and most dependable services by upholding the mission of “creating more wonderful moments through flying” and embracing its vision of “becoming the preferred airline in Taiwan.”