Audit Committee
To achieve a sound responsibility supervision and strengthen the management mechanism of the Board of Directors, the Company has established Audit Committee. This Committee consists of all the three independent Directors, and at least, one of them shall have the professionalism in Accounting or Finance. The term of the independent Directors at the committee is three years, and they can be re-elected for consecutive appointment.
The authority and duty of the Audit Committee are as below:
The authority and duty of the Audit Committee are as below:
- Draw-up or modification of the Internal Control system.
- Audit of the effectiveness of the Internal Control system.
- Draw-up or modification of operation procedures for critical financial or business activities, covering assets acquisition or disposal, engagement in transaction of derivative commodities, lending capitals to others, endorsement for others or providing guarantees.
- Items involving Director’s personal interests.
- Transaction of critical assets or derivative commodities.
- Critical capital lending, endorsement or providing guarantees.
- Raising, issuing, or private offering of securities with the nature of shareholder rights.
- Appointment, discharge, or reward for the Certified Public Accountants.
- Appointment/ discharge of supervisors for Finance, Accounting, Internal Audit, and Corporate Governance…and so on
- Annual financial report and half-year financial report.
- Other important matters regulated by the Company or competent authorities.
Members of Audit Committee
| Title | Name |
|---|---|
| Convener / Independent Director | Iris Chang |
| Independent Director | Frank Chien |
| Independent Director | K.M. Tsai |
Members of Remuneration Committee
| Title | Name |
|---|---|
| Convener / Independent Director | Iris Chang |
| Independent Director | Frank Chien |
| Committee Member / Others | Frank Chen |