Board of Directors
Meet the elite team that leads CDF and implements corporate governance, including board members and different functional committees.
Board of Director’s List
Chairman
Su-Kuo Huang
Paul Yang
Vice Chairman
Steve Bertamini
Director
Lionel de Saint-Exupéry
Director
Saloon Tham
Director
Hung-Yi Hsiao
Director
Tyzz-Jiun Duh
Independent Director
Shih-Chieh Chang
Independent Director
Wei Chung
Independent Director
Total
9
01
/
9
Functional Committees
The “Audit Committee”, “Remuneration Committee”, “Sustainability Committee”, “Risk Management Committee” and “Ethical Corporate Management Committee” are set up under the BOD of CDF to assist the BOD in deliberating and discussing important proposals related to the economy, environment, society, risk, and ethical governance. (Regarding mandate for each functional committee, please refer to the 2021 AGM Report for details.)
 
Effectiveness of Functional Committees in 2021
Audit Committee Remuneration Committee Sustainability Committee Risk Management Committee Ethical Corporate Management Committee
Establishment Year 2011 2011 2014 2019 2019
Members

All independent directors

All independent directors
Chairman, CEO, independent directors, chairmen of KGIB and KGIS, and the independent directors/outside directors of KGIS and CDIB All independent directors, CEO, Chief Risk Officer Chairman, independent directors, Independent/Outside Indepent directors of KGIB, KGIS, and CDIB, directors of CL
Number of Members 3 3 7 5 6
Proportion of members who are independent directors of the Company or subsidaries 100% 100% 28.6% 60% 50%
Number of meetings held 10 8 4 4 1
 Attendance rate (in person) 100%  100% 96%  88.5% 100% 
 Attendance rate (including attendance by proxy) 100% 100% 100% 96.2%  100%
 Note:
  1. As of March 31, 2022.
  2. The “Corporate Social Responsibility Committee” was renamed the “Sustainability Committee” on January 24, 2022.
  3. The mission of the “Strategic Development Committee” under the BOD has been completed and abolished by BOD in November 2021. 
Regulations
Audit Committee Charter of China Development F...
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Remuneration Committee Charter of China Develo...
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Risk Management Committee
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Qualification and Independence Analysis
Name & Title Holding Company Commercial Banking Securities / Insurance PE/VC Investment Government & Public Sector Execution & Strategic Planning Risk Management Financial Services Corporate Governance Business & Marketing Leadership Information Technology International Experience Functional Committee
Chia-Juch Chang
Chairman, Chi Jie Investment Co., Ltd. Representative
Paul Yang
Vice Chairman
Lionel de Saint-Exupéry
Director GPPC, Chemical Corp. Representative
Stefano Paolo Bertamini
Jing Hui Investment Co., Ltd. Representative
Saloon Tham
Director, Chi Jie Investment Co., Ltd. Representative
Hung-Yi Hsiao
Director, Jing Hui Investment Co., Ltd. Representative
Tyzz-Jiun Duh
Independent Director
Shih-Chieh Chang
Independent Director
Wei Chung
Independent Director
Professional Qualifications and Independence
Diversity and Independence (7th-Term Board of Directors)
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Professional Qualifications and Independence
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Professional Qualifications and Independence
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Board Performance Evaluation

In order to implement corporate governance and enhance the functions of the BOD, establish performance targets to enhance the operational efficiency of the BOD. The Company established the “Principles for the Performance Evaluation of the Board of Directors,” to conduct at least one internal evaluation of Board’s performance every year to evaluate the whole BOD, including individual Board members and functional committees. Since 2018, CDF should enlist independent institutions or experts and scholars in conducting external evaluation at least once every three years to strengthen the independence and effectiveness of Board’s performance.

In 2021, all the self-evaluation scores of the BOD are higher than 4.83 points (out of 5 points), indicating that the overall operation of the BOD is running well. Among them, the “Participation in ESG initiatives” evaluates the achievements of Board members on sustainability issues, with an average self-rating score of 4.94 points.

In December 2019, EY Business Advisory Services Inc. conducted an external evaluation of the Board’s performance in three aspects, “Structure, People, and Process”. The BOD performance was evaluated as “Advanced”.

The evaluation results were disclosed on CDF’s website and in the AGM Report. We will continue to strengthen the effectiveness of the BOD and improve the corporate governance mechanism based on the evaluation results and objective recommendations of external independent agencies.

Board Performance Evaluation
The self-evaluation of the board as a whole
  1. Participation in the operation of the company
  2. Improvement of the quality of the board of directors' decision making
  3. Composition and structure of the board of directors
  4. Election and continuing education of the directors
  5. Internal control
  6. Participation in environmental, social and governance initiatives (ESG)
    The self-evaluation by individual board members
    1. Familiarity with the goals and missions of the company
    2. Awareness of the duties of a director
    3. Participation in the operation of the company
    4. Management of internal relationship and communication
    5. Professionalism and continuing education of the directors
    6. Internal control
    The self-evaluation of functional committees
    1. Participation in the operation of the company
    2. Awareness of the duties of functional committees
    3. Improvement of the quality of the functional committees' decision making
    4. Composition and election of the functional committees
    5. Internal control
    Outcome of CDF’s Performance Evaluation of the Board and Directors

    Note: Five levels for each index: Excellent (5), Good (4), Fair (3), Acceptable (2), and Needs Improvement (1). The scoring standard is based on the “average score”.
    Principles for the Performance Evaluation of the Board of Directors
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