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.

Investment Review Committee

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 Chairman and four independent directors, with meetings held at least once a year, and extraordinary 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

To promote corporate sustainability, the Company changed the name of its original Corporate Social Responsibility and Sustainable Development Committee to the "Sustainable Development Committee" on February 1, 2022. To further enhance corporate governance, the Board of Directors resolved on December 22, 2022, to elevate the Sustainable Development Committee to a functional committee under the Board. The Committee consists of five members: the Chairman and four independent directors. Meetings are held at least once every 6 months and may be convened as needed, with outcomes reported to the Board of Directors. The Committee serves as the Company's decision-making and supervisory body for sustainability-related matters, including corporate governance, sustainable operations, and environmental and social facets, aiming to strengthen the Company's operational systems while devoting itself to environmental stewardship and social responsibility.