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 functions of the Company’s Remuneration Committee are to, from a professional and objective standpoint, evaluate the remuneration policies and systems for the Company’s directors and executives. The Committee convenes at least two meetings each year and submits recommendations to the Board of Directors for reference in its decision-making. The Committee also regularly reviews its own organizational charter and proposes amendments as necessary. In addition, it formulates and periodically reviews the performance evaluation criteria, annual and long-term performance objectives for the Company’s directors and executives, as well as the policies, systems, standards, and structure of remuneration. The Committee further conducts regular assessments and determines the content and amounts of individual remuneration for the Company’s directors and executives.
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 May 29, 2025 to May 28, 2028.
