The primary responsibility of our company's board of directors is the supervision, guidance, and assessment of the performance of the executive team, as well as the appointment and removal of executives. The composition of the board members is characterized by diverse backgrounds, encompassing rich experiences in corporate management or academia, all of whom adhere to exceptionally high ethical standards. Our company adheres to a "Candidate Nomination System," wherein all director candidates undergo a meticulous process of nomination and qualification review. Following approval by the board of directors, these candidates are presented to the shareholders' meeting for official appointment.
In accordance with our company's "Corporate Governance Best Practices, “The composition of the board of directors shall be determined by taking diversity into consideration. Apart from Directors concurrently serving as company executives shall not exceed one-third of the total number of the board members, the formulation of appropriate diversification policies takes into consideration the operational aspects, and business model, and developmental needs of the company. This includes, but is not limited to, the following two major criteria:
1. Basic requirements and values: Gender, age, nationality, culture, and ethnicity.
2. Professional Knowledge and Skills: Professional background, expertise, and industry experience.
All members of the board shall have the knowledge, skills, and experience necessary to perform their duties. To achieve the ideal goal of corporate governance, the board of directors shall possess the following abilities:
1. Operational Judgment. 2. Accounting and Financial Analysis Proficiency.3. Business Management Competence.4. Crisis Management Aptitude. 5. Industry Knowledge. 6. International Market Insight. 7. Leadership Skills. 8. Decision-Making Ability.
The current board comprises eight members, all esteemed figures from both the industry and academia.
The specific management objectives and achievements of the diversity policy are as follows, (Date: 2024.5.)
| Management objective |
Achievement |
|
Independent director members not less than one-third.
|
Achieved |
|
Less than one-third of directors concurrently serve as company executives
|
Achieved |
|
At least one female director
|
Achieved |
The implementation of the diversification policy for the composition of Board of directors is as follows,
| Age |
40-50 |
50-60 |
60-70 |
70-80 |
| Gender |
Male |
Female |
Male |
Female |
Male |
Female |
Male |
Female |
| Number of Board member |
1 |
0 |
3 |
1 |
1 |
0 |
2 |
0 |
| Ratio (by gender) |
12.5% |
0% |
37.5% |
12.5% |
12.5% |
0% |
25% |
0% |
| Ratio (by age) |
12.5% |
50.0% |
12.5% |
25.0% |
