The Company’s corporate governance structure is composed of two committees: an Audit Committee and a Compensation Committee.
- Audit Committee
The Audit Committee assists the Board of Directors in fulfilling its oversight of the quality and duties as set forth in the Company Act, the Securities and Exchange Act, and other applicable laws and regulations. The Audit Committee, composed entirely of independent board directors, is bound by the “Audit Committee Charter”. It shall be composed of the entire number of independent directors. It shall convene at least once quarterly and may call a meeting at its discretion whenever necessary.
The Audit Committee is responsible to review the Company’s: internal control systems; auditing and accounting policies and procedures; A matter bearing on the personal interest of a director or a supervisor; material asset or derivatives transactions; material lending funds, endorsements or guarantees; offering or issuance of any equity-type securities; hiring or dismissal of an attesting CPA, or the compensation given thereto; appointment or discharge of financial, accounting, or internal auditing officers; corporate financial reports; and corporate M&A.
- Compensation Committee
The Compensation Committee assists the Board of Directors to review the performance review and strengthen the remuneration policy and system for directors and managerial officers. The Compensation Committee, composed entirely of independent board directors, is bound by the “Compensation Committee Charter”. It shall convene at least two times per year and may call a meeting at its discretion whenever necessary.
|Independent Director||Lu, Cheng-Yueh||V (Chairman)||V|
|Independent Director||Hsing, Chih-Tien||V||V (Chairman)|
|Independent Director||Kuo, Tai-Haur||V||V|