INVESTORS

Procedures for Election of Directors

All Directors according to the Procedures for Election of Directors adopt nomination system for elections. The professional qualifications, shareholdings, restrictions on concurrent employment, recognition of independence, nomination and election of independent directors and other matters should be in accordance with the relevant regulations of the competent securities authorities. 

In accordance with the aforementioned regulations, the current term of independent directors was submitted to the Board of Directors for discussion and approval, and during the period when nominations were announced, relevant documents were examined and submitted to the Company for nomination, and the shareholders' meeting was requested to elect the candidates from the list of candidates.

Download Here-Procedures for Election of Directors

Member of Board of Directors

Operational situation of the 7th Board of Director 

The Board meeting shall be convened at least once every quarter, the latest Board meeting date is November 9, 2023.

Note1: Resignation on 2022/05/24.
Note2: New appointment on 2022/05/24.
 

Diversification of the Board of Directors

The Board members make the diversification policy without discrimination based on race, gender, age, ethnicity and nationality background. The Company attaches great attention to gender equality in the composition of the board of directors , three directors are over 70 years old, two are between 60 and 69 years old, and two are under 60 years old, the independent director more than 1/2 of Board of Directors and the female directors more than 1/3 of Board of Directors.

To upgrade the Corporate governance’s target, the board of directors’ ability including but not limited to Operational judgment ability, Accounting and financial analysis ability, Operation management ability, Crisis management ability, Industrial knowledge, International market outlook, Leadership, Decision-making ability, Management Risk knowledge and ability：

Performance Evaluation of the Board of Directors

According to the “Rules for Performance Evaluation of Board of Directors” executes evaluation every year. The performance evaluation of the Board of Directors in 2020 includes five aspects as follows. 

1. The degree of participation in operation of the Company. 
2. Improvement of the decision-making quality of the Board of Directors.
3. Composition and structure of the Board of Directors.
4. Election and continuing education of directors.
5. Internal control.

If the Company executes evaluation of the performance of functional committees, the evaluation items shall include at least the following 5 main aspects:

1. Level of participation in the operation of the company.
2. Awareness of the duties of functional committees.
3. Improvement of the quality of decisions by functional committees.
4. Composition of functional committees and election of members.
5. Internal control.

The Finance Department is using questionnaires to evaluate the Performance of the Board of Directors and functional committees. According to the four parts to evaluation, including the board of directors operation, director participation, remuneration committee operation and audit committee.

The Results of the Performance Evaluation

The performance evaluation of the Board of Directors has been completed in 2020. Out of a total score of 5, the evaluation results were submitted to the Board of Directors on 2022/2/25.

The performance evaluation of the functional committees has been completed in 2020. Out of a total score of 5, the evaluation results were submitted to the Board of Directors on 2022/2/25.

The result of the performance evaluation of the Board of Directors was excellent, according to which the overall operation of the Board of Directors is in good condition.

The Company has set up the "Rules for Performance Evalua-tion of Board of Directors" It is also stated in the practice that the evaluation shall be carried out by an external independent institution or an external team of experts and scholars at least once every three years.

In 2020, the Taiwan Corporate Governance Association was entrusted with the performance evaluation of the Board of Directors. Please refer to the following link for more information:
 

• Download Performance Evaluation of Board of Directors

In addition, the Company has disclosed the “Rules for Performance Evaluation of Board of Directors” on the website for reference.

Major Resolutions of Board Meetings

Date	Session	Major Resolutions
2023/11/09	23rd Meeting of the Seventh-term Board of Directors
2023/10/04	22nd Meeting of the Seventh-term Board of Directors
2023/09/05	21st Meeting of the Seventh-term Board of Directors
2023/08/10	20th Meeting of the Seventh-term Board of Directors
2023/07/10	19th Meeting of the Seventh-term Board of Directors
2023/05/30	18th Meeting of the Seventh-term Board of Directors
2023/05/11	17th Meeting of the Seventh-term Board of Directors
2023/04/12	16th Meeting of the Seventh-term Board of Directors
2023/02/24	15th Meeting of the Seventh-term Board of Directors
2023/01/31	14th Meeting of the Seventh-term Board of Directors
2023/01/09	13th Meeting of the Seventh-term Board of Directors
2022/11/09	12th Meeting of the Seventh-term Board of Directors
2022/10/07	11th Meeting of the Seventh-term Board of Directors
2022/08/11	10th Meeting of the Seventh-term Board of Directors
2022/07/05	9th Meeting of the Seventh-term Board of Directors
2022/05/11	8th Meeting of the Seventh-term Board of Directors
2022/04/08	7th Meeting of the Seventh-term Board of Directors
2022/03/15	6th Meeting of the Seventh-term Board of Directors
2022/02/25	5th Meeting of the Seventh-term Board of Directors
2021/12/30	4th Meeting of the Seventh-term Board of Directors
2021/11/05	3rd Meeting of the Seventh-term Board of Directors
2021/10/08	2nd Meeting of the Seventh-term Board of Directors
2021/08/18	1st Meeting of the Seventh-term Board of Directors

Succession Planning

The company has made the succession planning for the board of directors and major management.