Corporate Governance
Board of Directors and Functional Committees
Audit Committee
The Company elected directors, which included 3 independent directors of all 7 members, for the 6th term on 2020 Annual Shareholders’ Meeting. And Audit Committee for the 2nd term.
The term of the 2nd Audit Committee：June 12, 2020 thru June 11, 2023.
Members of Audit Committee
To establish sound corporate governance systems, the Company has established the Audit Committee under Article 14-4 of “Securities and Exchange Act”. Pursuant to Article 5 of “Audit Committee Charter” made by the Company, members of the Committee will implement supervision procedure, and matters to be resolved at the Committee will be submitted to the Board of Directors for a resolution.
| Members | Audit Committee |
|---|---|
|
Independent Director:
Kuei-Tuan, Chen |
Chair |
|
Independent Director:
Chang-Jian, Ho |
Member |
|
Independent Director:
Geng-Wang, Liaw |
Member |
The Attendance of Audit Committee
A total of 5 (A) Audit Committee meetings were held in the previous period (2020). The attendance of the independent directors was as follows:
| Title | Name | Attendance in Person (B) | By Proxy | Attendance rate (%)【B/A】 | Remark |
|---|---|---|---|---|---|
|
Convener |
Kuei-Tuan Chen |
5 |
0 |
100% |
|
|
Member |
Chang-Jian Ho |
5 |
0 |
100% |
|
|
Member |
Geng-Wang Liaw |
5 |
0 |
100% |
|
Annual focus of the Audit Committee
According to Article 3 of the “Audit Committee Charter”, the committee is mainly to supervise the following matters:
1. Fair presentation of the corporate financial statements.
2. Appointment (dismissal) of CPA and its independence and performance.
3. Effective implementation of internal control system.
4. Corporate compliance with relevant laws and regulations.
5. Control of existing and potential risks.
Summary of 2020 work focus:
1. Evaluation of internal control effectiveness.
2. Review of major asset transactions.
3. Review of major loans, endorsement and guarantee.
4. Review of public and private raising and issuance of securities with equity nature.
5. Review of annual and semi-annual financial reports.
