Corporate Governance

Board of Directors

Implementation of Board Diversity

The company has formulated the “Corporate Governance Best-Practice Principles” to formulate a policy of diversification of board members to strengthen corporate governance and promote the development of sound board composition and structure. The composition of the board of directors should consider the company’s operation, business model and development needs to formulate appropriate diversification policies, such as: basic conditions (age, gender), professional background (professional, marketing, technology, finance, law), professional knowledge and skills. In order to achieve the desired objectives of the company, the Board as a whole should possess the following capabilities:

 

  1. The ability to make judgments about operations.
  2. Accounting and financial analysis abilities
  3. Business management ability.
  4. Crisis management ability.
  5. Knowledge of the industry.
  6. An international market perspective.
  7. Leadership ability.
  8. Decision-making ability.

The company’s current board of directors is composed of eight directors with different professional backgrounds, including three independent directors and five directors. The directors have rich experience in industrial management, technology research and development, marketing management, financial accounting, legal and tax administration, etc. which are in line with the company’s operational development needs and the effectiveness of functional committees. The company also pays attention to gender equality in the composition of the board of directors, aiming at least one female director. Currently, all board members are male. In the future, we will try our best to increase the number of female directors to achieve the goal.

 

The implementation of the board member diversity policy is as follows:

Core of diversify Name
Basic Components Professional background Professional knowledge and capabilities
gender Employee age Tenure and seniority of independent directors (less than 3 years) Operational judgment Accounting and financial analysis abilities Operation and management ability Crisis Management capability Industry Expertise Global market view Leadership Decision-making ability
Director: Ming-Hsien Chen Male 60-70 Industrial management
Marketing administration
Director: Johnson Chou Male 60-70 Industrial management
Technology development
Marketing administration
Director:Ying-Chieh Chu Male 50-60 Industrial management
Marketing administration
Director:Peter Ho Male 60-70 Industrial management
Director:Yu Hao Chen Male 30-40 Technology development
Marketing administration
Independent Director:Chang-Chou Li Male 50-60 Financial and accounting
Legal and tax administration
Independent Director:I –Yen Lu Male 50-60 Industrial management
Independent Director:James S. J. Cheng Male 50-60 Law
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The specific management objectives of the board diversity policy and their achievement status are as follows:

Diversity management objectives Achievement status
The number of independent directors exceeds one third of the board seats. Done
It is advisable that the number of the directors who concurrently serve as the managers of the Company should not exceed one-third of the board seats. Done
The independent directors have served for less than three consecutive terms. Done