The Audit Committee
The Company's Audit Committee is responsible for assisting the Board of Directors in performing supervisory duties and exercising its powers stipulated in the Securities and Exchange Act, Company Law and other laws. It meets at least once every quarter. The powers of this committee are as follows:
- Establish or amend the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.
- Assessment of the effectiveness of the internal control system.
- Establish or amend the procedures for handling major financial business activities such as acquiring or disposing of assets, engaging in derivatives transactions, lending funds to others, endorsing or providing guarantees for others, in accordance with Article 36-1 of the Securities and Exchange Act.
- Matters involving directors’ own interests.
- Significant asset or derivatives transactions.
- Significant capital loans, endorsements or guarantees.
- Raising, issuing or privately placing securities of an equity nature.
- Appointment, dismissal or remuneration of certified accountants.
- Appointment and removal of financial, accounting or internal audit supervisors.
- Annual financial report signed or stamped by the Chairman of the Board, the President, and accounting manager; and quarterly financial report signed or stamped by the Chairman of the Board, the President and accounting manager and reviewed by the accountant.
- Other major matters stipulated by the Company or the competent authority.
Remuneration Committee
The function of the Company's Remuneration Committee is to evaluate the Company's salary and remuneration policies and systems for its Directors and managers in a professional and objective position. It holds at least 2 meetings every year and makes recommendations to the Board of Directors for reference in its decision-making. The Committee regularly reviews the organizational rules of the Committee itself, proposes amendments, and formulates and regularly reviews the Company's performance evaluation standards for the Directors and managers, annual and long-term performance targets, and also the policies, systems, standards, and structures of the Company’s salary and remuneration.
Mergers and Acquisitions Special Committee
The Company established Mergers and Acquisitions Special Committee in December 2020. The Committee's powers are to review the fairness and rationality of mergers and acquisitions plans and transactions, and submit the review results to the Board of Directors and shareholders' meeting. However, if a resolution for merger and acquisition proposal does not require convening a shareholders' meeting according to the provisions of the Enterprise Merger and Acquisition Law, then the Committee would not need to submit the report to the shareholders' meeting. The term of this committee is from June 23, 2022 to June 22, 2025.
