I. The Company has established the Compensation Committee and its bylaws on December 23rd, 2011, in compliance with Regulations Governing the Appointment and Exercise of Powers by the Remuneration Committee of a Company Whose Stock is Listed on the Stock Exchange or Traded Over the Counter. According to Article 5 of the bylaw, the Compensation Committee shall be composed of three committee members. that appointed by the Board of Directors.
The Compensation Committee is responsible for professionally and objectively evaluating the Company’s overall compensation and benefits policy, compensation policy and system of the directors, supervisors and managers, proposing recommendations to the Board of Directors for decision-making.
Details of the Compensation Committee Members
Identification (*1) |
Qualifications Full Name |
At least Five Years of Work Experience And Following Qualifications |
Independence Status(*2) | The number of compensation committee of a publicly traded company the person also currently serves on | Note (*3) |
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An Instructor or Higher Position in Commerce, Law, Finance Accounting or Other Department Relevant to Company Operations (of Either Public or Private University/ College) | Judge, Public Prosecutor, Lawyer, Accountant or Other Professional or Technical Specialists With a National Examination Certificate in a Profession Necessary to Company Operations | Work Experience in the Field of Commerce, Law, Finance, Accounting or Other Area Relevant to Company Operations | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | ||||
Independent Director | Chein-Ming, Hsu | No | No | Yes | V | V | V | V | V | V | V | V | 0 | Yes |
Independent Director | Wen-I Lo | No | Yes | Yes | V | V | V | V | V | V | V | V | 0 | Yes |
Independent Director | Shi-Chern Yen | Yes | Yes | Yes | V | V | V | V | V | V | V | V | 0 | Yes |
*3:If the committee member serves as the director of the Board, demonstrate if he/she complies with Paragraph 5 of Article 6 of Regulations Governing the Appointment and Exercise of Powers by the Remuneration Committee of a Company Whose Stock is Listed on the Stock Exchange or Traded Over the Counter.
Operation of the Compensation Committee:
1. The Compensation Committee consists of three members.
2. Terms of office:May 26th, 2017 ~ May 25th, 2020.
3. The committee convened meeting fourth in 2019, with details of the meeting as follows:
Title | Full name | Attendance In Person | By Proxy | Actual Attendance Rate | Note |
Convener | Chein-Ming, Hsu | 4 | 0 | 100% | |
Member | Wen-I Lo | 4 | 0 | 100% | |
Member | Shi-Chern Yen | 4 | 0 | 100% | |
Other information: 1. The Board of Directors shall record the date and session of Board Meeting, contents of motions, resolution, and measures taken concerning the recommendation of the Compensation Committee, if it does not adopt or decide to revise the recommendation (For example, if the compensation passed by the Board of Directors is higher than the recommendation proposed by the Compensation Committee, the Board shall record the differences and reasons): N/A. 2. The Compensation Committee shall record the date, session, contents of motions, opinions of all members and measures taken, if any member expresses objections or reservations which have been included in records or stated in writing to the resolution of the committee meeting: N/A. |
The Company has established the Audit Committee and its bylaws on April 11st, 2017, in compliance with Article 14-4 of the Securities and Exchange Act. and Regulations Governing the Exercise of Powers by Audit Committees of Public Companies. According to Article 4 of the bylaw, the Audit Committee shall consist of all independent directors and the number of committee members shall not be fewer than three.
The main function of the Audit Committee is to supervise the following matters:
1.Fair presentation of the financial reports of the Company.
2.The hiring (and dismissal), independence, and performance of certificated public accountants of the Company.
3.The effective implementation of the internal control system of the Company.
4.Compliance with relevant laws and regulations by the Company.
5.Management of the existing or potential risks of the Company.
Operation of the Audit Committee:
1. The Compensation Committee consists of three members.
2. Terms of office:May 26th, 2017 ~ May 25th, 2020.
3. The committee convened meeting fifth in 2019, with details of the meeting as follows:
Title | Full name | Attendance In Person | By Proxy | Actual Attendance Rate | Note |
Convener | Wen-I Lo | 4 | 1 | 80% | |
Member | Chein-Ming, Hsu | 5 | 0 | 100% | |
Member | Shi-Chern Yen | 5 | 0 | 100% |