Governance

Functional Committee

Remuneration Committee

In 2011, the Company established a Remuneration Committee comprising three independent directors, mandated to convene at least two meetings annually. The Remuneration Committee's objective is to aid the Board of Directors in formulating and assessing the Company's comprehensive compensation and benefits policies, including managerial compensation. The primary responsibilities of the Remuneration Committee are outlined below:

1. Periodically reviewing and suggesting amendments to remuneration and compensation regulations.
2. Establishing and periodically reviewing annual and long-term performance goals of directors and managers, as well as the company's policies, systems, standards, and compensation structures.
3. Periodically evaluating the achievement of the Company's director and managerial performance goals and determining the content and amount of their individual remuneration.

Audit Committee

The Audit Committee was established in 2018 in compliance with the law,comprising four independent directors, one of whom serves as the convenor, and at least one possessing accounting or financial expertise. Its primary objective is to aid the Board of Directors in enhancing corporate governance performance. The Committee primarily operates to oversee the fair presentation of financial statements, the selection (or dismissal), independence, and performance of certified public accountants, the effective implementation of internal controls, compliance with laws and regulations, and the management of existing and potential risks.

Investor Conference

To implement ESG corporate sustainable development and enhance corporate governance, the Board of Directors approved the establishment of an Investment Review Committee in 2022. The Committee comprises five members, including the  Chairmanand four independent directors, with meetings held at least once a year, and extaraordinary meetings convened as needed. The committee oversees responsible units to conduct pre-investment evaluations and post-investment management to
mitigate investment risks and enhance shareholder equity.

Sustainable Development Committee

The Company established the Corporate Social Responsibility Committee in 2012, which was renamed the "Sustainability Development Committee" in February 2022. The Sustainability Development Committee is convened by independent director LI, SHIH-KUANG, with the Chairman and three other independent directors serving as members. Its responsibilities include formulating sustainable business strategies and overseeing their implementation. Additionally, the Sustainability Development Committee includes a Sustainability Development Promotion Office tasked with planning and monitoring the effectiveness of sustainability promotion initiatives. The Office oversees four executive teams responsible for discussing relevant issues and executing projects. The Sustainability Development Committee convenes meetings semi-annually and reports the operational status and effectiveness of sustainability promotion to the Board of Directors.