Acer nominates Sir Julian Horn-Smith and Dr. F.C. Tseng as independent board directors
Acer Inc.’s Board of Directors today nominated Sir Julian Horn-Smith and Dr. F.C. Tseng as independent directors. Sir Julian formerly served as deputy CEO of Vodafone Group; Dr. Tseng is the vice chairman of TSMC. The nominations shall be put forth for election at the next shareholders’ meeting in June.
The purpose for independent directors is to tap on the knowledge and experience of globally distinguished talents. Their contribution from an independent standpoint to the company strategy, along with the Board, will create a strong and well-rounded team to lead the corporation forward, and enhance corporate governance.
Sir Julian was a founding member of Vodafone Group and considered to be the principal architect in the development of Vodafone’s international strategy. He was awarded a Knighthood by Her Majesty the Queen of England, in 2005, in recognition of his services to international telecommunications. He retired from Vodafone Board in July 2006, where he held the title of deputy CEO. Sir Julian currently serves as a senior advisor to UBS Investment Bank in London, and as non-executive director at Lloyds Banking Group.
Dr. Tseng co-founded TSMC as a pioneer specializing in the “foundry-only” semiconductor manufacturing business, and established a solid technical base for TSMC’s six-inch and eight-inch fabs. He has always been a member of the core management at TSMC; previous appointments include deputy CEO, president, and senior VP of Operations at TSMC. Dr. Tseng also spent two years as president of Vanguard International Semiconductor Corp. and is considered a veteran in the semi-conductor industry.
Acer expects that the independent directors will provide their objective viewpoints in the interests of the company, and majority and minor shareholders alike. On major decision making, independent directors can draw from their broad knowledge to raise issues, proposals, or rationalize plans, to enhance the corporate governance and overall operation.