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Board of Directors and Committees

The Audit Committee of the Company is established to assist the Board of Directors in overseeing the quality and integrity of the Company’s accounting, auditing, financial reporting processes, and financial controls.

The matters reviewed by the Audit Committee primarily include:

  1. Establishment or amendment of internal control systems and assessment of their effectiveness.
  2. Audit and accounting policies and procedures.
  3. Matters involving conflicts of interest concerning the directors themselves.
  4. Significant asset or derivative transactions.
  5. Significant loans, endorsements, or guarantees.
  6. Fundraising, issuance, or private placement of equity securities.
  7. Appointment, removal, or remuneration of the certifying accountants.
  8. Appointment or dismissal of financial, accounting, or internal audit executives.
  9. Financial statements

Audit Committee Members: 2nd Term

Operation Report of the Audit Committee:  Year 2022

To strengthen corporate governance and establish a sound remuneration system for directors, supervisors, and managers, the company has established a Remuneration Committee and formulated the Organizational Regulations of the Remuneration Committee for compliance purposes.

Members of the company’s Remuneration Committee are required to possess professional qualifications and meet the restrictions stipulated by relevant regulations.

Remuneration Committee Members: 3rd Term

Operation Report of the Remuneration Committee:  Year 2022

In May 2019, the company’s Board of Directors approved the “Board of Directors Performance Evaluation Method,” which includes an annual self-evaluation of the Board of Directors, Functional Committees, and individual directors. The evaluation results are reported to the first-quarter Board of Directors meeting, serving as a reference for continuously enhancing the effectiveness of the Board.

The overall performance self-assessment of the Board of Directors covers the following aspects:

  1. Participation in company operations.
  2. Enhancing the quality of Board decisions.
  3. Board composition and structure.
  4. Director selection and continuous education.
  5. Internal controls.

The performance evaluation of individual directors includes the following aspects:

  1. Understanding of company goals and missions.
  2. Awareness of director responsibilities.
  3. Participation in company operations.
  4. Internal relationship management and communication.
  5. Director’s expertise and continuous education.
  6. Internal controls.

The performance evaluation of Functional Committees includes the following aspects:

  1. Participation in company operations.
  2. Awareness of Functional Committee responsibilities.
  3. Enhancing the quality of Functional Committee decisions.
  4. Functional Committee composition and member selection.
  5. Internal controls.

The evaluation is conducted through internal questionnaires, including assessments of the Board’s operations and director participation. The evaluation results serve as a reference for determining individual remuneration.

After collecting the questionnaires in January each year, the company’s dedicated corporate governance unit analyzes the results and reports them to the Board of Directors. Improvements are made based on identified areas of enhancement.

Board of Directors Performance Evaluation Results:  Year 2021