2012 Corporate Social Responsibility Report - UMC

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2.2.3 Investment to Enhance Competitiveness in 2012 Items Amount Description Cutting-edge process technology R&D Build up Advanced capacity Approximately NTD$9.3 billion Approximately NTD$48.9 billion 28nm process entered mass production, 14nm FinFET etc. are under development. Fab 12A expansion and 28nm technology R&D and production equipment Operating Revenues and R&D Expenditures unit: thousands in NTD 2012 2011 2010 2009 2008 Operating revenues 105,998,159 105,879,723 120,430,736 88,617,572 92,530,050 R&D expenditures 9,307,149 8,976,209 8,578,977 8,036,567 8,199,247 R&D expenditures (%over operating revenues) 8.78% 8.48% 7.12% 9.07% 8.86% 2.2.4 Operational Objectives in 2013 n To vigorously invest in advanced processes technologies and closely cooperate with leading customers to provide sufficient capacity. n To improve the flexibility of advanced process capacity, in order to quickly respond to changes in demand and reduce operational risks. UMC 2012 Corporate Social Responsibility Report P.20
2.3 Corporate Governance UMC is committed to strengthening its corporate governance, improving its corporate governance structure and safeguarding shareholders’ rights. Since corporate governance standards have become key factors for investors to consider when making investment decisions, UMC expects to realize sustainable management and improve business performance through a comprehensive management system. To that end, UMC has established the Corporate Governance Committee under the Corporate Social Responsibility Committee to manage and govern aspects including corporate governance and regulatory compliance. UMC’s corporate governance structure and practices are based on Taiwan’s Company Act, Securities and Exchange Act, SOX 404 (Section 404 of the Sarbanes- Oxley Act of 2002), NYSE listing standards and other related rules and regulations. The UMC Corporate Governance Statement, Articles of Incorporation of UMC, Audit Committee Charter, Compensation Committee Charter, Organization and Operation of Internal Audit, Code of Ethics for Directors and Officers, Employee Code of Conduct, relatedparty transaction procedures and internal significant information processing procedures can be found on the company website (http://www.umc.com/english/investors/ Corp_gov.asp). The operations of UMC’s Board of Directors, Audit Committee and the Compensation Committee are in accordance with the regulations of “Rules and Procedures of Board of Directors Meeting”, “Audit Committee Charter” and “Compensation Committee Charter”. 2.3.1 Board of Directors UMC’s Board of Directors consists of 9 directors possessing professional backgrounds and experience in business, laws, finance, accounting or other fields of expertise. They are accountable for the company’s operation and supervision. The newly elected board in 2012 included 4 independent directors and 1 individual director, the non-executive directors account for more than 50% of the Board. A list of the board members is as follows: Title Name Gender Current Position in UMC Chairman Stan Hung Male Chief Strategy Officer Director Shih-Wei Sun Male Vice President Director Po-Wen Yen Male Chief Executive Officer Director Wen-Yang Chen Male Chief Operating Officer Director Ting-Yu Lin Male N/A Independent Director Chun-Yen Chang Male N/A Independent Director Chung-Laung Liu Male N/A Independent Director Paul S.C. Hsu Male N/A Independent Director Cheng-Li Huang Male N/A 2.3.2 Audit Committee The Audit Committee assists the Board of Directors in performing its supervision functions. It is also responsible for tasks defined by the Company Act, Securities and Exchange Act and other relevant regulations. Since UMC is listed on the NYSE, it also has to comply with the U.S. regulations regarding foreign issuers. The UMC Audit Committee consists of 4 independent directors, two of whom are financial experts. The Committee operates in accordance with the UMC Audit Committee Charter. (http://www.umc.com/chinese/pdf/Audit_Committee_Charter_chi.pdf) Meetings are convened when necessary according to the members’ authority and responsibility. In 2012, a total of 6 meetings were convened, in which all 4 independent directors participated. The main functions of the Audit Committee: n Review financial report. n Maintain the validity of the internal control system. n Evaluate the performance of the departments in charge of internal control. n Provide endorsement or guarantee for major assets, derivatives or loans. n Appointment, dismissal, remuneration of certified accountants and evaluation of their independence. n Appointment of finance, accounting or internal control supervisors. n Deal with reported cases or other issues pertaining to accounting, internal control or auditing. n Review the company’s regulatory compliance, correspondences with the competent authorities and employee ethics on a regular basis. n Employ lawyers, accountants and other professionals and assist them in exercising their duties. UMC 2012 Corporate Social Responsibility Report P.21
Page 1 and 2: 2012 Corporate Social Responsibilit
Page 3 and 4: Letter from CEO To all our friends
Page 5 and 6: Honors and Awards n Became a compon
Page 7 and 8: 1.1 Company Profile 1.1.1 About UMC
Page 9 and 10: 1.2 Sustainability Strategy 1.2.1 S
Page 11 and 12: 1.3 Communication with Stakeholders
Page 13 and 14: 1.3.3 Communication Methods and Cha
Page 15 and 16: 2012 key performance compendium and
Page 17 and 18: BCMS Enhancement To implement the b
Page 19: 2.2 Operational Performance Due to
Page 23 and 24: Communication and Complaint Channel
Page 25 and 26: 2.5 Competitive Customer Service UM
Page 27 and 28: Earthquake Precautions Earthquakes
Page 29 and 30: New supplier selection Suppliers th
Page 31 and 32: The supplier risk control mechanism
Page 33 and 34: Environmental Accounting UMC implem
Page 37 and 38: Cleaner Production assessment syste
Page 39 and 40: 2012 Results In 2012, UMC completed
Page 41 and 42: Stable operation and Remote monitor
Page 43 and 44: Implemented Reuse Measures in UMC
Page 45 and 46: “369 + Energy and Resource Produc
Page 47 and 48: 3.3.5 Inventory and Verification of
Page 49 and 50: 3.4 Energy efficiency 3.4.1 Energy
Page 51 and 52: 3.5 Enhance Water efficiency 3.5.1
Page 53 and 54: 3.6 Promotion of Environmental Awar
Page 55 and 56: Hazardous Substances Restrictions a
Page 57 and 58: Environmental Management Statistics
Page 61 and 62: 4.1 Social and common prosperity Fe
Page 63 and 64: 4.2 Healthy Work Environment 4.2.1
Page 65 and 66: Element 3 - A Warm UMC Employee Ass
Page 67 and 68: 4.2.2 Industrial Safety and Health
Page 69 and 70: 4.3 Human Resource Management 4.3.1
Page 71 and 72:
Reference competency models to plan
Page 73 and 74:
4.3.4 2012 Human Resource Statistic
Page 75 and 76:
4.4.2 UMC Public Welfare Investment
Page 77 and 78:
Appendix Global Reporting Initiativ
Page 79 and 80:
GRI Guidelines Location Page Disclo
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Assurance Statement UMC 2012 Corpor
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2012 Corporate Social Responsibility Report - UMC

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