Committees

The Audit Committee is established to assist the Board of Directors in enhancing corporate governance performance. Its primary responsibilities include: formulating the Company’s internal control system and performance evaluation, reviewing the fair presentation of the Company’s financial statements, overseeing the procedures for handling significant financial and business transactions, ensuring the Company’s compliance with relevant laws and regulations, and the appointment or dismissal of the certified public accountant. The Committee holds quarterly meetings and, within its scope of authority, may request the attendance of relevant managers, internal auditors, accountants, legal advisors, or other personnel to provide necessary information. The convener of the Company’s fourth Audit Committee is Mr. Yang, Cheng-Li.

The Compensation Committee is established to strengthen corporate governance and ensure a sound compensation system for directors and managerial officers. Its primary responsibilities include formulating and regularly reviewing the policies, systems, standards, and structures for performance evaluation and compensation of directors and managerial officers. The Compensation Committee convenes at least twice a year and, within its scope of authority, may, by resolution, engage legal counsel, accountants, or other experts to conduct necessary audits or provide professional advice. The convener of the Company’s sixth Compensation Committee is Mr. Lin, Chun-Chi.

In November 2023, the Company established the Sustainability Development Committee, chaired by Chairman Mr. Hsiang, Hung-Liang, with oversight by Independent Director Mr. Chen, Chien-Pang, and composed of senior executives. The committee reports to the Board of Directors on a regular basis. The purpose of the Sustainability Development Committee is to implement the Company’s philosophy of sustainable development, actively promote sustainable operations and corporate social responsibility as part of corporate governance functions, and achieve long-term sustainability objectives. Its responsibilities are as follows:

1. Establish the Company’s sustainability policies.
2. Formulate sustainability goals, strategies, and implementation plans for corporate governance, ethical business practices, and environmental and social aspects.
3. Review, monitor, and revise the Company’s sustainability performance and results, and report to the Board of Directors on a regular basis.
4. Address concerns of stakeholders, including shareholders, customers, suppliers, employees, government agencies, non-profit organizations, communities, and media, and provide appropriate responses.
5. Review the Company’s Sustainability Report.