At the end of 2023, the number of directors and supervisors totaled 17. Among them, two directors are expert representatives and 3 are labor directors (representatives elected by the labor union).

The board of director serves as the highest-level decision-making team of Chunghwa Post. The continuing education for directors and supervisors in 2023 included the five material topics, namely Information Security, Principle for Financial Service Industries to Treat Clients Fairly, IFRS 17 (International Financial Reporting Standards 17), Anti-money Laundering and Combating Terrorism, and TCFD (climate-related financial disclosure). The board members also participated in relevant educational training on sustainable development and carbon rights trading mechanism, with the actual training hours reaching 306 hours, much higher than the 108 hours required by the competent authorities. Meanwhile, to help directors and supervisors better understand the current operating conditions and local features of the post offices in different places, the 15th session of board meeting of the 7th term of Board of Directors was convened in Yulin Post Office, and the operation status was also inspected. One day before the board meeting, a one-day trip was arranged to the Solarfarm Corporation to get an on-site understanding of the company’s achievements in green agriculture and sustainable development.

In response to various major corporate government issues, the board of directors has set up the Risk Management Committee, Digital Development Committee, and Sustainable Development Committee. The committees are regularly convened by the chairman person and the senior management and relevant business unit managers to discuss and review relevant implementation results. In addition, under the business execution level (president), the Information Security & Personal Data Protection Committee, Strategic Planning Committee, Postal Capital Management Committee are set up to improve the decision-making quality of specific professional projects.

Chunghwa Post is not a listed company, but we still promote corporate governance and sustainable corporate development voluntarily. To establish an effective corporate governance system and promote sound business development, the Corporate Governance Best Practice Principles for Chunghwa Post Co., Ltd. was formulated in 2021 in accordance with the latest Corporate Governance Blueprint (2018-2020) announced by Financial Supervisory Commission (FSC) in April, 2018, and it took effect after the resolution of the board meeting is passed, and the board performance assessment was also conducted. The Company also carried out the board performance evaluation. The results of the 2023 self-evaluation and peer-evaluation were 95.77 points and 95.29 points respectively (out of 100). The assessment items all reached the “Excellent” level (above 90 points) stipulated in the Corporate Governance Best Practice Principles for Insurance Companies.