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WPG nominates Ms. Kai Charn Young as candidate for independent director by-election

20210428

WPG nominates Ms. Kai Charn Young as candidate for independent director by-election

 

4/28/2021

 

Following the introduction of “Employee Stock Ownership Trust” (ESOT) in early 2021, WPG continues to strengthen corporate governance and announces the nomination of Ms. Kai Charn Young, former Executive Vice President of CDIB Capital Group as candidate for 2021 AGM independent director by-election. Through improving board diversity, WPG wishes to respond to Financial Supervisory Commission’s “Corporate Governance 3.0 - Sustainable Development Roadmap”. Given Ms. Young’s expertise and extensive experience in investment activities, WPG believes her addition to the board will make a material contribution to board resolution qualities and diversity.

 

Female leadership has been one of the leading ESG trends among corporates globally. WPG acknowledges the value of diverse perspective that female board member may bring to the board and therefore nominates female independent director for the first time. The board believes the addition of Ms. Young will not only improve board effectiveness, but also serves as a response to investors’ expectation in board diversity and increased female board seats.

 

In the future, WPG will continue improve board diversity, including gender, age, nationality, tenure, and professional skills, etc. by regularly review board composition in order to align with our diverse goal and sustainable development strategy.

 

 

IR contacts:Cliff Yuan/ Zoe Peng

Tel:886-2-2191-0068 ext.85268/ext.85262

Email address:ir@WPGholdings.com

Corporate website:www.WPGholdings.com

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